March 28, 2024

Business Advantages in Florida

Encouraging Growth

Sound fiscal policies and targeted incentives make Florida the right business choice.

Janet Ware | 9/24/2009

WORKFORCE TRAINING INCENTIVES (continued)

On-The-Job Training (OJT)
Machinist trainees Employers can recoup up to half of wages paid to workers pre-approved by one-stop career centers or other workforce providers through on-the-job training for employment usually not available elsewhere. OJT is particularly applicable to higher-skilled occupations and can be done in conjunction with classroom training at educational institutions. Reimbursements are limited to six months and may not exceed the time required to acquire the skill needed for the position.

Work Supplementation
Also known as grant diversion, Work Supplementation allows cash assistance benefits to be paid to an employer for a specified period of time as an incentive to hire the individual into their regular workforce. Employment must be full-time at a rate at least equal to the federal minimum wage and should lead to long-term unsubsidized work.

Site-Specific Incentives
Businesses located in Enterprise Zones may be eligible for various tax credits if they hire new employees from groups including welfare recipients and graduates of Workforce Investment Act classroom training programs. Businesses can claim a percentage of the employee’s wages against either their corporate income tax or to offset property or sales tax on building materials and business equipment.

> For More Information
For specific details about the many workforce training incentives available to Florida employers, visit
www.EmployFlorida.com.

? CLEAN ENERGY INCENTIVES

Florida’s leaders have demonstrated their strong commitment to clean energy technologies by making these incentives available to companies looking to produce renewable energy and to those wanting to integrate renewable energies into existing operations.

Renewable Energy Technology Investment Tax Credit
Machinist trainees A tax credit applicable to 75% of all capital costs, operation and maintenance costs and R&D costs up to a limit of: (1) $3 million in connection with hydrogen-powered vehicles and fueling stations; (2) $1.5 million in connection with an investment in commercial stationary hydrogen fuel cells in the state; and (3) $6.5 million in connection with an investment in the production, storage and distribution of biodiesel and ethanol.

Renewable Energy Production Tax Credit
Designed to encourage the development and expansion of facilities that produce renewable energy in Florida, this annual credit — equal to $0.01 for each kilowatt-hour of electricity produced and sold to an unrelated party during a given tax year up to $5 million per state fiscal year per applicant — is awarded to a taxpayer based on production and sale of electricity from a new or expanded Florida renewable energy facility.

Renewable Energy Technologies, Machinery, Equipment and Material Sales and Use Tax Refund
A refund of sales and use taxes paid on equipment, machinery and other materials used for: hydrogen-powered vehicles, materials incorporated into hydrogen-powered vehicles and hydrogen-fueling stations ($2 million annual statewide cap); commercial stationary hydrogen fuel cells ($1 million annual statewide cap); materials used in the distribution of biodiesel and ethanol, including fueling infrastructure, transportation and storage ($1 million annual statewide cap); and gasoline fueling station pump retrofits for ethanol.

Renewable Energy Technologies Grants Program
Provides matching grants for demonstration, commercialization, research and development projects relating to renewable energy technologies — i.e., any technology that generates or utilizes a renewable energy resource — and innovative technologies that significantly increase energy efficiency for vehicles and commercial buildings.

> Information about Florida’s many business advantages, including incentives, is available at eflorida.com.

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