Skip to main content
Okeechobee County Economic Development Corporation | 2229 NW 9th Ave Okeechobee, FL 34972 | P: 1 (863) 357-2334 | E: info@ocedcorp.com
OKEECHOBEE COUNTY
Contact Us: 863.357.2334

Incentives

This unique region of Florida has an abundant supply of land for business growth, allowing for site-specific development. For those desiring an existing site, there are business parks located throughout the region.

Workforce Training Incentives

Special Opportunity Incentives 
 


Florida’s stable and highly favorable tax climate provides advantages that make a Florida location profitable for every type of business. Progressive legislation also ensures that Florida remains a worldwide hub for new and expanding businesses.

Florida Has . . . . . . . .

NO corporate income tax on limited partnership.
NO corporate income tax on subchapter S-corporations.
NO state personal income tax guaranteed by constitutional provision.
NO corporate franchise tax on capital stock.
NO state-level property tax assessed.
NO property tax on business inventories.
NO property tax on goods-in-transit for up to 180 days.
NO sales/use tax on co-generation of electricity.
NO sales and use tax on goods manufactured or produced in Florida for export outside the state.
NO sales tax on purchases of raw materials incorporate in a final product for resale, including non-reusable containers or packaging.

Florida offers Sales and Use Tax Exemptions on…
  • Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
  • Labor, parts and materials used in repair of and incorporated into machinery and equipment
  • Electricity used in the manufacturing process
  • Certain boiler fuels (including natural gas) used in the manufacturing process
  • Semiconductor, defense and space technology-based industry transactions involving manufacturing equipment
  • Machinery and equipment used predominantly in research and development
  • Labor component of research and development expenditures
  • Commercial space activity — launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
  • Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
  • Production companies engaged in Florida in the production of motion pictures, made for television motion pictures, television series, commercial music videos or sound recordings

 ADD PAGE

As you navigate our website, you can use the “Add Page to Report” button to add any page or property to a custom report that you can print out or save.

Close

Ready to move your business to Okeechobee County?

In addition to incentives aimed at stimulating economic activity, Florida ranks as one of the best states to run a business because of its pro-business state tax policies.

Find out more

Close window