Florida has a stable economy and highly favorable tax climate, that enhances Florida’s position as a profitable location for business and industry. Progressive legislation ensures Florida remains a worldwide hub for new and expanding businesses. Incentives for which a particular business may qualify include but are not limited to the following.

TARGETED INDUSTRY INCENTIVES

• Qualified Target Industry Tax Refund, up to $6,000 per qualifying new job created

• High Impact Performance Incentive Grant, for pre-determined high-impact facilities

• Qualified Defense Contractor Tax Refund, up to $5,000 per new qualifying job created

• Capital Investment Tax Credit, annual tax credit for up to 20 years for qualifying projects

WORKING/TRAINING INCENTIVES

• Quick Response Training Incentives, customized training for qualifying projects

• Incumbent Worker Training Program, new skills training for qualifying existing employees

ROAD INFRASTRUCTURE INCENTIVE

• Economic Development Transportation Fund, up to $2 million for qualifying road projects

SPECIAL OPPORTUNITY INCENTIVES

• Permit Streamlining, expedited permit review process for high impact companies

LOCAL INCENTIVES

• Volusia County Department of Economic Development, assists the City in marshalling resources as needed for incoming qualified businesses; incentives or financial resources may be available for qualified projects.

• Ad Valorem Tax Abatement, real estate and personal property tax abatement for qualified businesses