Hardee County Economic Development Council | 107 East Main Street | P.O. Box 458 | Wauchula, Fl 33873 | 863-773-3030 | info@hardeemail.com
Contact us: 863-773-3030

0 Pages 0 Articles

Local Incentives for Florida Business Owners

Although starting a new business requires large amounts of capital that is often acquired through investors, bank loans, and other entrepreneurial lenders, it is possible for Florida business owners to obtain grants and financial incentives through a myriad of programs targeted to their specific business sector. Listed below are several local incentives and grants for Florida business owners.

Qualified Target Industry Tax Refund Program (QTI)

The QTI is a grant designed specifically to aid business in the creation of high-skill jobs in growing corporations in targeted industries. For every new job created in Florida, whether for a new business or in the growth of an existing one, the QTI will grant a $3,000 tax refund. For businesses in an Enterprise Zone or in a Rural County, the tax refund amount increases to $6,000 per new job created. If a business also pays a wage that is 150% over the minimum wage of the region, it will be eligible for an additional $1,000 per job bonus, and a $2,000 per job bonus is available for businesses paying 200% over the minimum wage.

Enterprise Zone Program

The Governor's Office of Tourism, Trade, and Economic Development (abbreviated as OTTED) has designated enterprise zones across the state of Florida to provide technological assistance to communities and businesses. The Enterprise Zone program is aimed at revitalizing economically depressed areas of the state by offering credit against Florida corporate income tax and sales tax to businesses started or expanded in these enterprise zones, depending on whether they expand into these zones or if they purchase building materials or business equipment for use within one of the enterprise zones.


Add to Report
Industrial Sites Properties recent News

Joint BOCC & EDC/IDA meeting followed by EDC/IDA meeting

Sep 15, 2017

The BOCC will hold a special meeting jointly with the EDC/IDA. Immediately following the adjournment of this meeting, the EDC/IDA will hold their regular meeting.…...
Read Full Press Release news rule

FDOT Freight and Mobility Trade Plan 2016

Aug 31, 2016

Click the link below for more information.   http://www.freightmovesflorida.com/freight-mobility-and-trade-plan         ...
Read Full Press Release news rule

South Florida State College Career Center

Jan 07, 2016

SFSC Career Center Expands Services Through College Career Network In January, South Florida State College’s Career Development Center joined College Central Network, a nationwide service…...
Read Full Press Release news rule
Click here for the full news archive
107 East Main Street | P.O. Box 458 | Wauchula, Fl 33873 | 863-773-3030 | .(JavaScript must be enabled to view this email address)