Business Resources

State & Local Business Incentives

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STATE INCENTIVES

Florida offers bottom-line advantages for long term profitability for all types of businesses, from corporate headquarters to manufacturing plants to service firms. A complete list of incentive programs and tax exemption opportunities is available through Enterprise Florida.

COUNTY INCENTIVES

Jobs Growth Incentive Program

The Economic Development Department of Seminole County initiated a Jobs Growth Incentive Fund in 1995 for companies creating new jobs. Seminole County will consider awarding funds for expenses such as impact and permit fees, relocation costs, equipment purchases, land acquisition, building construction, loan interest pay-down, lease-hold improvements or any other legitimate business expense as determined by the Board of County Commissioners. Special consideration will be given to projects seeking to locate in targeted redevelopment areas. Preference will be given to projects that will be constructing new buildings. This program is available to new, and expanding companies in Seminole County.

The JGI Program is currently in the process of being revised. Applications will be considered on a case by case basis. 

Please contact the Economic Development Office for more details on the program at (407) 665-7135.

CITY INCENTIVES

The city offers development incentives that reduce building and impact fees for qualified new construction projects within the Central Business District. To qualify, commercial and office projects must be at least 100,000 square feet. Mixed-use projects must be at least 150,000 square feet.

Casselberry

  • Casselberry Jobs Growth Incentive Program: Eligible firms may receive front-loaded cash incentive up to $2,000.00 per new qualifying job.
  • Ad-Valorem Tax Abatement:  Beginning April 2013, City may grant ad-valorem tax abatement for up to 10 years for new or expanding qualifying targeted industries.
  • Casselberry Community Redevelopment Area (CRA):  Redevelopment district focusing on the 17-92 corridor.  Tax Increment Funding (TIF) available for qualifying projects.
  • Site Location Assistance:  City staff will facilitate identification of available sites and facilities for industry expansion or relocations.
  • Expedited Review and Permitting:  City staff engages in expedited review and permitting.
  • Incentive Partnering:  The City of Casselberry has worked in partnership with Seminole County to provide incentives for significant projects on a case-by-case basis.

Oviedo

  • Oviedo Jobs Growth Incentive Program: Front-loaded cash incentive for new or expanding targeted industries.  Up to $2,000.00 per new qualifying job.
  • Impact Fee Assistance: Impact fee payment assistance up to $2,000 per new qualifying job for new or expanding targeted industries.
  • Incubator Graduate Rental Subsidy and BTR Grant:  City pays for Oviedo Business Tax Receipt (Occupational license) and up to $12,000.00 for one year rental subsidy for small business incubator program graduates.
  • Ad-Valorem Tax Abatement:  City may grant ad-valorem tax abatement for up to 10 years for new or expanding qualifying targeted industries.
  • Oviedo Seminole Economic Enhancement District (Oviedo-SEED):  Economic Brownfield area.  Enables access to state and federal environmental assessment programs, remediation  and loan programs.  Also enables additional state QTI incentive bonus. (MAP Attached)
  • Oviedo Community Redevelopment Area (CRA):  Targeted redevelopment area joining historic downtown Oviedo and new Oviedo on the Park development.  Tax Increment Funding (TIF) available for qualifying projects. (MAPs Attached)
  • Site Location Assistance:  City staff will facilitate identification of available sites and facilities for target industry expansion or relocations.
  • Expedited Review and Permitting:  City staff will facilitate expedited review and permitting of targeted industry development. 
  • Incentive Partnering:  The City of Oviedo also partners with Seminole County on incentive projects for new and expanding targeted industries.

Lake Mary

The city has worked in partnership with Seminole County to provide incentives for projects on a case-by-case basis.

Longwood

The city has worked in partnership with Seminole County to provide incentives for significant projects on a case-by-case basis. The city offers a Residential Energy Efficiency Program (REEP) that allows for energy efficiency rebates. The city has designated and approved the Longwood Economic Enhancement Program (LEEP) that takes advantage of State brownfield rebates and incentives.

Sanford

The city has worked in partnership with Seminole County to provide incentives for projects on a case-by-case basis.

Winter Springs

The city will create a customized incentive package for qualifying businesses.  The City's package may include one or more of the following:  property tax exemption, impact fee credit, performance-based cash grant, local share of the State of Florida incentives in partnership with Seminole County.