City of Plantation, Florida
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Incentives
Fast Track Permit Review and Inspections
Local permit streamlining procedures are offered to assist businesses depending upon the specifics of the project.
State of Florida Programs
The City of Plantation works with the State of Florida, Enterprise Florida, to attract, expand and retain businesses in our community. A number of programs are offered by the State to assist enterprising industries to flourish, enable thriving companies to grow, ensure existing businesses prosper, and overcome development related obstacles.
Assistance is provided through Enterprise Florida to businesses which meet various goals which promote a stable economy, and improve the quality of life. Enterprise Florida works negotiate incentives with various businesses seeking opportunities in Florida. Additionally it conducts competitive analysis and makes policy recommendations to assist with local economic stability.
Programs offered through the State of Florida assist with: local incentives, corporate taxes, tax exemptions, labor costs, energy availability and associated costs, occupancy or construction costs, highway accessibility, land availability, and environmental regulations. To qualify for State programs, businesses must meet certain criteria that addresses a defined target industry business, ensures stability, allows for higher wages, provides for independent marketing and resources, offers an industrial base that is diversified, and other economic benefits. The following is a list of programs and program criteria offered through the State of Florida in which the City of Plantation participates.
Qualified Target Industry
The Qualified Target Industry (QTI) program provides an incentive for target industries to locate new facilities in Florida or to expand existing facilities in Florida. To qualify a company must create at least ten (10) new jobs (or a 10% increase for expanding Florida companies), pay an average of at least 115% of the area wages, have a significant positive impact on the community.
Capital Investment Tax Credit
Tax credits are available for designated portions of high impact industries such as the life sciences, corporate headquarters, and information technology. Companies must provide for a minimum of 100 new jobs and $25 million of capital investment, plus other specifics.
High Impact Performance Incentive
Negotiable grant funding assistance is available to businesses which offer is in the high impact. Companies must provide for a minimum of 100 new jobs with 75 jobs for research and development, and $100 million capital investment with $75 million for research and development.