Unprecedented Incentives Available Now
Santa Rosa County in Northwest Florida offers an exceptional array of development incentives. Between our local incentives, state incentives such as Space Florida, and the extraordinary limited-time opportunities offered by Triumph Gulf Coast, Santa Rosa County should be on your radar.
“Unprecedented economic development incentives” are available now through Triumph Gulf Coast
Over the next decade-plus, $1.5 billion will be directed to Northwest Florida for economic development enhancements. These funds, from a settlement related to the Deepwater Horizon oil spill, represent an unprecedented opportunity for Northwest Florida.
The funds can be used to:
- Provide the equivalent of up to 100% abatement of property taxes, including school taxes, for up to 10 years
- Support infrastructure needs, such as buildings, roadways, rail spurs, utilities and more, for competitive projects
- Develop industry-driven workforce training programs to drive business growth
Triumph Gulf Coast provided funding critical to landing Leonardo's helicopter support center at the Whiting Aviation Park. Read more…
Take another look at Florida’s advantages
In addition to training grants and numerous tax advantages, Aerospace and related industries are in the incentive sweet spot. Space Florida is empowered by the State of Florida with robust tools to aid these companies including facility and equipment financing and utilization of statutory tax efficiencies to reduce short- and long-term capital costs.
Aggressive local incentives
Companies in target industries can also qualify for several local programs to offset the costs of training new or existing team members, get rebates on property and ad valorem taxes, and purchase industrial property at a discount. There are also breaks on sales and use taxes for equipment and electricity.
Even More Avantages for Aviation and Aerospace
Santa Rosa County hits the incentive sweet spot for aviation and aerospace companies. Space Florida is uniquely empowered by the State of Florida with robust tools to aid companies in aerospace and related industries, including facility and equipment financing and utilization of statutory tax efficiencies to reduce short- and long-term capital costs.
Santa Rosa County also offers a talented workforce, great educational institutions, robust infrastructure, and excellent quality of life. Give us a call today, and we'll show you how expanding in Santa Rosa County may be right for your bottom line.
