State of Florida & Lake County Sponsored Business Incentive Programs
Below is information about the various Business Incentive programs sponsored by
the State of Florida and Lake County Economic Development
Economic Enhancement Area Program (EEAP) (Brownfield Redevelopment)
To encourage the redevelopment or reuse of properties with real or perceived contamination,
this program offers $2,500 job bonus tax refund for each new job created within the Economic
Enhancement Area (EEAP), and the applicant is eligible for sales tax credit on building materials
related to construction of a housing project or mixed-use project in the designated area. In addition,
if a Brownfield Site Rehabilitation agreement is entered into with the Department of Environmental
Protection, the applicant is eligible for a 50% voluntary cleanup tax credit and, if the project is
redeveloped as affordable housing, an additional 25% voluntary cleanup tax credit and state loan guarantees.
For more information about this or any other program, call the Office of Economic Development & Tourism at (352) 742-3918 or e-mail Lake County Economic Development & Tourism.
Qualified Target Industry Tax Refund Program (QTI)
To encourage the creation of high-skilled jobs and growth of corporate headquarters
and targeted industries, this program provides a tax refund of $3,000 per qualified
job created. An additional bonus of $1,000 and $2,000 respectively is paid for jobs
paying 150% or 200% of the County’s average annual wage.
For more information about this or any other program, call (352) 742-3918 or e-mail Lake County Economic Development & Tourism.
Qualified Defense & Space Contractors Tax Refund Program (QDSC)
To encourage the preservation and growth of the 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, this program, offers tax refunds of $3,000 per job created or retained; An additional bonus of $1,000 and $2,000 respectively is paid for jobs paying 150% or 200% of the County’s average annual wage.
For more information about this or any other program, call (352) 742-3918 or e-mail Lake County Economic Development & Tourism.
Economic Development Transportation Fund (EDTF)
To encourage businesses to locate, remain or expand within the County, the “Road Fund” offers local government funding to alleviate transportation problems that adversely impact a specific company’s location or expansion decision. The amount is based on number of jobs created or retained and transportation project costs, up to $3 million.
For more information about this or any other program, call (352) 742-3918 or e-mail Lake County Economic Development & Tourism.
