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Economic Development Incentives

Launched in 2013, the Economic Development Incentives Portal allows interactive capabilities as FloridaCommerce furthers its commitment to efficiency, accountability and transparency. The portal provides unprecedented access to the performance measurements required in economic development incentive contracts and each company’s progress toward reaching their required job creation goals. This site contains details on every non-confidential Florida economic development incentive project with an executed contract.

Florida competes globally to bring jobs to the state from companies that have other location options. Economic development incentives are components of a toolkit designed to address various business needs in a competitive environment. A competitive economic development project is one in which a business has identified multiple locations that can meet its needs. Incentives may be used to reduce costs associated with a site, facility or equipment and can help facilitate the location of businesses in Florida. They are designed to promote job creation, job retention and capital investment in Florida.

For a list of the types of incentives and awards, visit the FloridaCommerce page at https://www.floridajobs.org/office-directory/division-of-economic-development/economic-development-incentives-portal/types-of-incentive-awards.