Incentive
BUSINESS ENVIRONMENT & INCENTIVES
Broward County’s Financial and Non-Financial Incentive Packages
Monetary Award
Monetary award to new, relocating, or expanding Targeted Industry Businesses that provide the County with a positive return on investment based upon the number of new jobs created and their corresponding cumulative salaries, for up to $2,000 per new job created and a maximum Broward County contribution of $1,000,000.
Quick Response Training (QRT)
Quick Response Training (QRT) provides grant funding for customized training to new or expanding businesses. A local training provider is selected and available to assist in the application process and program development, with an awarded tax refund of $3,000 per new full-time Florida job created.
Annual Credit
Annual credit against the corporate income tax which is available for up to 20 years in an amount up to 5% of the eligible capital costs generated by a qualifying project. Projects with investments of at least $25 million and 100 jobs are eligible to receive the full credit.
R&D Tax Credit
The R&D tax credit is available to a business enterprise that has qualified research expenses in Florida in the taxable year and is allowed a research credit equal to 10% of the excess qualified research expenses, the total amount of credits that may be granted under this program is $9 million.
Expedited Review Process
Expedited review process for permitting and amendments to facilitate new and expanding companies seeking to renovate existing facilities or construct a new facility, that create at least 50 jobs, or 25 jobs if the project is in an enterprise zone or rural county, Bringing together regulatory agencies, authorities, and government departments to review projects
Designated High-Impact Sector
Designated high-impact sector businesses creating at least 50 new full-time equivalent jobs in Florida; and making an investment of at least $50 million in a three-year period may be eligible for this grant program, which awards 50% of the eligible grant upon commencement of operations, and 50% on completion of objectives.