While Gov. Ron DeSantis’ bold moves in the past year often went against CDC guidelines and the national consensus, there’s a strong case that it has helped the state’s economy weather the storm. Florida ranked #2 in Chief Executive’s 2021 Best and Worst States for Business for its business-friendly policies. The Sunshine State has landed several notable projects in the past year. IT consulting firm Synergy Technologiesis adding 300 new jobs with an expansion in Jacksonville. And Scotlynn USA, a logistics subsidiary of Canada-based Scotlynn Commodities, opened a new U.S. headquarters in FortMyers.
Capital Investment Tax Credit (CITC): Offers an annual corporate income tax credit, for up to 20 years, for projects that create a minimum of 100 jobs and invest at least$25 million in eligible capital costs.
High Impact Performance Incentive: Offers a grant for projects in clean energy, life sciences, financial services, corporate headquarters and other sectors that invest $50 million and create 50 new jobs over a three-year period.
Research and Development Tax Credit: Offers a credit of up to 10 percent of the excess qualified research expenses.
Urban Job Tax Credit Program: Offers between $500 and $2,000 per qualified job for eligible businesses located in one of 13 designated urban areas.
Veterans Florida Business Training Grant: Offers matching grants of up to $8,000 per veteran employee trained in high-demand fields.
Miami-Dade Beacon Council
Tampa Bay Economic Development Corporation
Orlando Economic Partnership
Greater Fort Lauderdale Alliance
Business Development Board of Palm Beach County
Greater St. Petersburg Area Economic Development Corporation
The Rural Expansion Toolkit offers grant opportunities to rural communities in the state to assist their economic engagement and capacity building efforts. It consists ofgrant programs that include consulting, site preparedness, marketing and training.
20 Fortune 500 companies headquartered in state, including: