Incentives & Funding Opportunities
Program
High Impact Performance Incentive
Capital Investment Tax Credit (CITC)
Research and Development Tax Credit
Manufacturing Machinery and Equipment Sales Tax Exemption
Electricity Sales Tax Exemption
Boiler Fuels Sales Tax Exemption
Repair and Labor Charges Tax Exemption
Quick Response Training (QRT)
Incumbent Worker Training (IWT)
Veterans Florida Workforce Training Grant
Program
Synthetic Lease
Real Estate & Infrastructure Access
State Incentives
Benefits
Cash Grant
Annual credit against state corporate income tax for 20 years equal to 5% of eligible capital costs
10 % of excess qualified research expenses over company’s base
Up to 100% on Sales and Use Taxes
50-100% Sales and use tax exemption on electricity
Sales tax exemption on combustible fuel in the manufacturing process
Sales tax exemption
Qualifications
50 new FT jobs, $50 million capital investment in 3 years
$25 million minimum capital investment
Qualified expenses allowable under U.S. Code Title 26 §41. Base amount equal to qualified expenses for 4 prior taxable years
Purchase of manufacturing equipment
Amount of exemption dependent on consumption
Fuel source is a clean natural resource
Qualified expenses are on repair and labor charges and parts and materials for repairs to industrial machinery
Flexible Workforce Training Grants
Program
Benefits
Assistance developing a training program that is customized, flexible, and responsive to individual company needs
Established companies in Florida can receive assistance for skills upgrade training for existing employees
Grant funding for customized, skills-based curriculum development and training for the military veteran population
Space Florida Resources
Companies with aviation, aerospace, or space-related applications may be eligible to pursue tools through Space Florida’s unique financial structure. Space Florida operates as a business-to-business entity, offering flexible financing and real estate solutions designed to support capital-intensive projects and infrastructure development.
Benefits
Conduit Financing
Conduit financing provides a way for companies to obtain funding to pay for property or infrastructure, which is repaid as a long-term loan or lease. This structure allows businesses to access capital more quickly while deferring repayment over time, enabling companies to use existing capital more strategically and preserve cash for operations or expansion.
A synthetic lease is an operating lease structured so that it is not recorded as an asset or liability on a company’s balance sheet. Instead, it is treated as an expense. The primary benefit of a synthetic lease is that it enables businesses to defer large capital expenditures or spread those costs over multiple years, offering greater balance sheet flexibility while maintaining operational control of facilities or equipment.
Space Florida can facilitate access to property and infrastructure from federal, state, and local governments for commercial use on behalf of a business. Through business-to-business transactions, Space Florida is able to negotiate commercial terms that free companies from certain insurance, safety, and labor constraints typically associated with government-owned property. These arrangements may also help offset real and personal property tax obligations.