| Table 11.3 STATE BUSINESS INCENTIVES | ||||
| Qualified Target Industry Tax Refund Program (QTI) | Quick Response Training Program (QRT) | Economic Development Transportation Fund (EDTF) | Qualified Defense Contractor Tax Refund Program (QDC) | |
| Awardee | Business | Training provider on behalf of business | Local Government on behalf of business | Business |
| Wage requirement | At least 115% of state, county or MSA wage, whichever is lower. May be waived for rural or enterprise zone projects in special situations | Goal is 115% of county or state wages, whichever is lower, may be waived for rural or enterprise zone projects in special situations | No requirement but is a consideration | At least 115% of the state, MSA, or the local average wages. For a project located in a rural city, rural county or in an enterprise zone, the wage requirement may be waived in special circumstances. A rural city means a city with population of 10,000 or less (or less than 20,000 with prior approval.) A rural county means a county with population of 75,000 or less. |
| Required # of Jobs | At least 10 new full-time equivalent jobs or if an expansion, a 10% increase in employment. May be waived for rural and enterprise zone projects in special situations. | No minimum or maximum. If an expansion, a 10 percent increase in employment or 100 new full-time jobs, whichever is less. | Permanent full-time positions must be created. May be waived if project is located in an area experiencing economic distress. | Consolidations are required to create at least 80 jobs or 25% increase in Florida employment. 'Reuse' projects must create 100 new jobs. |
| Available to expanding industry? | Yes | Yes | Yes | Yes |
| Available to new industry? | Yes | Yes | Yes | Yes |
| Available to retain jobs? | No | As part of an expansion project | Yes | Yes |
| Award | $3,000 per job ($6,000 in a rural county or enterprise zone). Increased per job award for extremely high wages. Additional $1,000 if paying 150% or $2,000 if paying 200% of state, county or MSA wage. | Negotiated with local training provider to meet industry need | Up to $2 million based on the cost of the necessary improvements. Limited to $5,000 ($7,500 in distressed area) per job created and/or retained. | Up to $5,000 per job and not to exceed a total of $7.5 million. |
| Payout Schedule | Paid out over a minimum of four years | Reimbursement monthly to local training provider | Paid out of local governmental entity as needed for construction | Paid out over a minimum of four years |
| Specified Use of Funds | None | Direct training costs, instructors' wages, curriculum development, resource materials, training equipment (cannot be used for trainees' wages) | Design and engineering costs; construction costs of transportation project; traffic signals | None |
| Local Support Required? | Yes -- 20% of total tax refund (businesses may exercise exemption in REDI counties) | Yes -- local training provider serves as fiscal agent for grant funds; endorsement by local economic development organization | Yes -- right of way | Yes -- 20% of total tax refund (businesses may exercise) |
| "But For" Incentive | Yes | No | Yes | Yes |
| Eligible Industries/ Businesses/ Activities | Manufacturing Facilities; Wholesale Trade; Information Industries; Finance & Insurance Services; Professional, Scientific & Technical Services; Management Services; Administrative & Support Services Only businesses serving multi-state and/or international markets are eligible. Business must be able to locate in other states | Business must produce a good or service for markets outside the local area | Manufacturing Facilities; Wholesale Trade; Information Industries; Finance & Insurance Services; Professional, Scientific & Technical Services; Management Services; Administrative & Support Services Only businesses serving multi-state and/or international markets are eligible. Business must be able to locate in other states | Derive not less than 60% of its Florida gross receipts from United States Department of Defense or the United States Department of Homeland Security contracts or subcontracts in the applicant's last fiscal year and not less than an average of 60% over the five years preceding the date an application is submitted |
| Ineligible Industries/ Businesses/ Activities | Any retail activities; any electrical utility company; any phosphate or solid minerals severance, mining, or processing operation; any oil or gas exploration or production operation; or any firm subject to regulation by the Division of Hotels and Restaurants of DBPR | Businesses that are producing local goods, providing a local service or that are retention in nature. Training programs that are ot available at the local store. | Any retail activities, electrical utility company, distributors, hotels, concention centers (Some exceptions for Enterprise Zones, Distressed Areas and Rural Economic Development Initiative Counties) | See above |
| Source: Enterprise Florida | ||||
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