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 Santa Rosa County Industry Incentives

Santa Rosa Economic Development offers numerous incentives to industries that relocate to Northwest Florida. Incentives range from tax exemptions and credits, to loan programs, to workforce training and assistance through development permitting. But, what really sets Santa Rosa County apart, in terms of incentives, is its pricing guidelines program for publicly owned industrial property. This innovative, unique, and attractive incentive offers new and expanding industry discounted land, based on what you bring to our community (i.e. employment capacity, wages, company's performance, capital investment).

Land Pricing Guidelines

Pricing Guidelines are in place to provide Santa Rosa Economic Development with a rational, non-arbitrary, non-discriminating basis for determining a cost per acre for industrial publicly owned property within Santa Rosa County. The point system represents the discount from the base price of publicly owned industrial property as it relates to the economic impact the proposed business will have on the area.

Ad Valorem / Property Tax Rebates

The Economic Development Ad Valorem Tax Exemption is a local option tax incentive for new or expanding businesses, which may be granted at the sole discretion of Santa Rosa County Commissioners.

State of Florida Incentives

Capital Investment Tax Credit, (CITC)

Annual credit against Florida corporate income taxes for certain approved industry sectors (Financial Services, Biomedical Technology, Silicon Technology, Transportation Equipment Manufacturing).

Economic Development Transportation Fund (EDTF)

This program is funded by the state legislature as an inducement for the location, expansion, or retention of qualified business and industrial projects to Florida. Application is made by the city/county to the state of Florida to fund the cost (up to $2,000,000) of transportation projects (access roads, road widening, grade crossings, traffic signalization, etc.) necessary for the location, expansion, or retention of a qualified business or industry in Florida.

High Impact Performance Incentive Grant (HIPI)

The High Impact Performance Incentive is a negotiated grant used to attract and grow major high impact facilities in Florida.

Incumbent Worker Training Grant (IWT)

The Incumbent Worker Training Program provides grant funding for customized training for existing for-profit businesses.

Qualified Target Industry (QTI)

The Qualified Target Industry Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries.

Quick Response Training Grant (QRT)

An inducement program for job creation and retention. In addition to actual employee training, the grant may cover the cost of acquiring specialized equipment, retaining an instructor, and provision of a training facility (if required) necessary for the conduct of the training program.

State of Florida Tax Advantages

Sales and Use Tax Exemption on Electricity and Steam

Charges for electricity used directly and exclusively at a fixed location to operate machinery and equipment that is used to manufacture, process, compound, or produce items of tangible personal property for sale, or to operate pollution control equipment, recycling equipment, maintenance equipment, or monitoring or control equipment used in such operations, may be exempt from the sales tax.

Sales and Use Tax Exemption on Machinery and Equipment

Tax exemption award made to businesses to aid new and expanding businesses that use machinery and equipment at a particular location to manufacture, process, compound, or produce tangible personal property for sale or for exclusive use in spaceport activities.

Florida Vets Business Training Grant

The Veterans Florida Business Training Grant Program, is designed to increase the competitiveness of Florida businesses in the global economy by providing a trained, skilled workforce from the pool of Florida’s military veteran population. The business benefits of hiring military veterans are well documented, and the economic impact of the veteran workforce continues to rise.The Veterans Florida Business Training Grant program provides grant funding for customized, skills-based curriculum development and training, through partial reimbursement, to businesses in Florida’s targeted, high-growth and high-wage industries (qualified targeted industries). These are high-skill industries producing goods or services and wages generally 125 percent above state or local wages.

Tax Advantages

Florida ranks among the best states for business and entrepreneurs because of its pro-business tax policies and competitive cost of doing business. Your business dollars go further given the State's limited corporate taxes and no personal income tax.

CONTACT US

Shannon Ogletree, Executive Director
 850.623.0174
 shannon@santarosa.fl.gov

Santa Rosa County EDO
6491 Caroline Street, Suite 4
Milton, Florida 32570-4592

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