Special Opportunity Incentives

Economic Development Transportation Fund: The Economic Development Transportation Fund, commonly referred to as the “Road Fund,” is an incentive tool designed to alleviate transportation problems that adversely impact a specific company’s location or expansion decision. The award amount is based on the number of new and retained jobs and the eligible transportation project costs, up to $3 million. The award is made to the local government on behalf of a specific business for public transportation improvements.

Rural Incentives: Florida encourages growth throughout the state by offering increased incentive awards and lower wage qualification thresholds in its rural counties. Additionally, a Rural Community Development Revolving Loan Fund and Rural Infrastructure Fund exist to meet the special needs that businesses encounter in rural counties.

Urban Incentives: Florida offers increased incentive awards and lower wage qualification thresholds for businesses locating in many urban core/inner city areas that are experiencing conditions affecting the economic viability of the community and hampering the self-sufficiency of the residents.

Brownfield Incentives: Florida offers incentives to businesses that locate on a brownfield site with a Brownfield Site Rehabilitation Agreement (BSRA). The Brownfield Redevelopment Bonus Refund is available to encourage Brownfield redevelopment and job creation. Approved applicants receive tax refunds of up to $2,500 for each job created.

Source: Enterprise Florida - 2015

Foreign Trade Zone #218 – Central Florida Foreign Trade Zone
Foreign Trade Zones are industrial parks or specialized warehouses that are secure. These zones are considered to be outside of U.S. Customs Territory and offer unique savings opportunities to businesses. A few of the savings include: duty exemption on re-exports, duty elimination on scrap/waste, duty deferral, and relief from inverted tariffs. In March of 2022, St. Lucie County’s Foreign Trade Zone was expanded to encompass the entire county and surrounding area.  Read more here.