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SUMMARY OF KEY ENTERPRISE FLORIDA INCENTIVES
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Qualified Target Industry Tax Refund Program (QTI) |
Quick Response Training Program (QRT) |
Economic Development Transportation Fund (Road Fund) |
Qualified Defense Contractor Tax Refund Program (QDC) |
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Type of Incentive |
Tax Refund |
Grant |
Grant |
Tax Refund |
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Amount of Award |
$3,000 per job ($6,000 in a rural county or Enterprise Zone). Increased per job award for extremely high wages. |
Negotiated with local educational training provider to meet company needs |
Up to $2 million |
Up to $5,000 per job and not to exceed a total of $7.5 million |
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Wage Requirement |
At least 115% of state, county or Metropolitan Statistical Area (MSA) wage, whichever is lower |
Wage Goal is 115% of county or state wage, whichever is lower; exception for Enterprise Zones projects in special situations |
No requirement but is a consideration |
At least 1115% of state, county or MSA wage, whichever is lower; exception for Enterprise Zone projects in special situations. |
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Number of Jobs Required for new companies |
At least 10 new full-time equivalent jobs or, if an expansion, a 10% increase in employment whichever is greater. May be waived for rural and Enterprise Zone projects in special situations. |
At least 10 new full-time equivalent jobs or, if an expansion, a 10% increase in employment or 100 new full-time jobs, whichever is less |
Permanent full-time positions must be created based on a formula that no more than $5,000 will be used to create each position. May be waived if project is located in an area experiencing economic distress. |
Consolidations are required to create at least 80 jobs or 25% increase in Florida employment. "Reuse" projects must create 100 new jobs. |
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Available to both new and expanding Industries? |
Yes |
Yes |
Yes |
Yes |
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Available to Retain Jobs |
No |
As part of an expansion project |
Yes |
Yes |
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Payout Schedule |
Paid out over a minimum of four years |
Reimbursement monthly to local educational training provider |
Paid out to local government entity as needed for construction |
Paid out over a minimum of four years |
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Award made to whom? |
Business |
Training provider on behalf of business |
Local government of behalf of business |
Business |
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Ineligible Industries/Businesses/Activities |
Any retail activities; any electrical utility company; any phosphate or solid minerals severance, mining, or processing operation; any oil or gas exploration or production operational or, any firm subject to regulation by the Division of Hotels and Restaurants of DBPR |
Any retail activities, training for existing employees, training that is available at the local level |
Any retail activities, electrical utility company, distributors, hotels, convention centers (Some exceptions for Enterprise Zone, Distressed Areas and Rual Economic Development Initiative Counties) |
Only defense industries |
