May 8, 2024

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Janet Ware | 10/1/2007

Rural Incentives

For more information

To learn more about the specific incentives available to firms locating in rural and urban areas, visit www.eflorida.com.

Florida encourages growth throughout the state by offering increased incentive rewards and lower wage qualification thresholds for companies located within all rural areas. In addition, Rural Community Development Revolving Loans and the Rural Infrastructure Fund exist to meet the special needs businesses may encounter in Florida’s designated 32 rural counties.

Urban Incentives

Businesses located in one of Florida’s 30 urban Enterprise Zones may be eligible, under certain circumstances, for credits on sales and use or corporate income taxes. Tax credits may also be available for donations made to local community development programs and to businesses that elect to locate or expand in designated Brownfields areas.

More Advantages: Florida offers sales and use tax exemptions for...

Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible property for sale
Labor, parts and materials used in repair of and incorporated into machinery and equipment
Electricity used in the manufacturing process
Certain boiler fuels (including natural gas) used in the manufacturing process
Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment
Machinery and equipment used predominantly in research and development
Labor component of research and development expenditures
Commercial space activity — launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
Production companies engaged in Florida in the production of motion pictures, made-for-television motion pictures, television series, commercial music videos or sound recordings

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