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Okeechobee County Economic Development Corporation | 2229 NW 9th Ave Okeechobee, FL 34972 | P: 1 (863) 357-2334 | E: info@ocedcorp.com

OKEECHOBEE COUNTY CARES ACT BUSINESS GRANT

Will be accepting applications Friday, July 10th!

Click Here for Guidelines and Application

OKEECHOBEE COUNTY

OKEECHOBEE COUNTY CARES ACT BUSINESS GRANT

Will be accepting applications Friday, July 10th!

Click Here for Guidelines and Application

TARGET INDUSTRY INCENTIVES

Qualified Defense and Space Contractor Tax Refund (QDSC)

Florida is committed to preserving and growing its high technology employment base by giving Florida defense, homeland security, and space business contractors a competitive edge in consolidating contracts or subcontracts, acquiring new contracts, or converting contracts to commercial production. Pre-approved applicants creating or retaining jobs in Florida may receive tax refunds of $3,000 per net new Florida full-time equivalent job created or retained; $6,000 in an Enterprise Zone or rural county. For businesses paying 150 percent of the average annual wage, add $1,000 per job; for businesses paying 200 percent of the average annual salary, add $2,000 per job.

 

Capital Investment Tax Credit (CITC)

The Capital Investment Tax Credit is used to attract and grow capital-intensive industries in Florida. It is an annual credit, provided for up to twenty years, against the corporate income tax. Eligible projects are those in designated high-impact portions of the following sectors: clean energy, biomedical technology, financial services, information technology, silicon technology, transportation equipment manufacturing, or be a corporate headquarters facility. Projects must also create a minimum of 100 jobs and invest at least $25 million in eligible capital costs. Eligible capital costs include all expenses incurred in the acquisition, construction, installation, and equipping of a project from the beginning of construction to the commencement of operations. The level of investment and the project’s Florida corporate income tax liability for the 20 years following commencement of operations determines the amount of the annual credit.


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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.

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