Capital Investment Tax Credit, (CITC):
Annual credit against Florida corporate income taxes for certain approved industry sectors (Financial Services, Biomedical Technology, Silicon Technology, Transportation Equipment Manufacturing).

Economic Development Transportation Fund (EDTF):
This program is funded by the state legislature as an inducement for the location, expansion, or retention of qualified business and industrial projects to Florida. Application is made by the city/county to the state of Florida to fund the cost (up to $2,000,000) of transportation projects (access roads, road widening, grade crossings, traffic signalization, etc.) necessary for the location, expansion, or retention of a qualified business or industry in Florida.

High Impact Performance Incentive Grant (HIPI):
The High Impact Performance Incentive is a negotiated grant used to attract and grow major high impact facilities in Florida.

Incumbent Worker Training Grant (IWT):
The Incumbent Worker Training Program provides grant funding for customized training for existing for-profit businesses.

Permit Streamlining Initiatives:
Companies with extensive permitting and regulatory needs can benefit from streamlining procedures. Streamlining is achieved through commitment among the state's regulatory agencies and local governments to provide quicker, less costly and more predictable permit approvals to significant economic development projects without reducing environmental standards.

Qualified Target Industry (QTI):
The Qualified Target Industry Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries.

Qualified Defense Contractor Tax Refund (QDC):
The Florida Qualified Defense Contractor program is provided to encourage the location and expansion of defense industries in the state.

Quick Response Training Grant (QRT):
An inducement program for job creation and retention. In addition to actual employee training, the grant may cover the cost of acquiring specialized equipment, retaining an instructor, and provision of a training facility (if required) necessary for the conduct of the training program.

Visit TEAM Santa Rosa for more information.