April 24, 2024

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Florida's Urban Advantages - Worth a Second Look

Unique opportunities and incentives await growing companies in Florida's urban areas.

Ginger Broslat | 10/1/2007


A former naval base, Orlando’s Baldwin Park is today another Brownfields success story. [Photo: Gregg Matthews]

The Florida Brownfields Association (FBA) is a non-profit, volunteer service organization dedicated to assisting in the advancement and implementation of the Florida and National Brownfields Redevelopment programs. The association works in cooperation with the U.S. Environmental Protection Agency (USEPA), the Florida Department of Environmental Protection (FDEP) and other organizations to assist companies with expansions in and relocations to Brownfield sites throughout the state. The FBA’s environmental specialists provide Brownfields information and redevelopment strategies to communities and the public at-large in the interest of cleaning up contaminated properties and revitalizing areas that have been subject to economic decline.

Credits, Refunds, Training — Additional Resources

» Business Equipment Sales Tax Refund
For sales taxes paid on the purchase of certain business property used exclusively in an Enterprise Zone for at least three years.

» Building Materials Sales Tax Refund
Applies to sales taxes paid on the purchase of building materials used to rehabilitate real property located in an Enterprise Zone.

» Property Tax Credit, Corporate Income Tax
Credit against Florida corporate income tax equal to 96% of ad valorem taxes paid on the new or improved property.

» Sales Tax Exemption for Electrical Energy
A 50% sales tax exemption on the purchase of electrical energy, if the municipality has reduced the municipal utility tax by at least 50%.

» Community Contribution Tax Credit
50% credit on Florida corporate income tax, insurance premium tax or sales tax refund for donations made to local community development projects.

Tags: North Central, Environment, Business Florida

Florida Business News

Florida Trend Video Pick

Florida shoe cobbler mends more than soles
Florida shoe cobbler mends more than soles

Jim McFarland, a fourth-generation shoe cobbler in Lakeland, Florida, never anticipated his trade mending shoes would lead to millions of views on social media. People are captivated by his careful craftsmanship: removing, then stitching and gluing soles on leather footwear.

Video Picks | Viewpoints@FloridaTrend

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