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Home > Transparency Florida > Economic Incentives

Economic Incentives

Economic Incentives * - Florida competes globally to bring jobs to the state from companies that have other location options. Economic incentives are 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 or expansion of businesses in Florida. They are designed to promote job creation, job retention, and capital investment in Florida.

Florida Department of Economic Opportunity ** - Economic Development Incentives Home Page

Annual Incentives Report - For a more comprehensive and historical look at the success incentives have played in helping Florida families, please read the 2013 Annual Incentives Report.

Economic Development Incentives Portal - Launched on October 1, 2013, the enhanced Economic Development Incentives Portal allows interactive capabilities as Florida’s Department of Economic Opportunity (FDEO) 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 the required job creation goals. This site contains details on every non-confidential Florida economic development incentive project with an executed contract.

Search the Economic Development Incentives Portal

Largest Incentive Programs - Good Jobs First offers a searchable database of government incentives. Among the largest in Florida are:

Economic Development Transportation Fund
Enterprise Zone Program
Film & Entertainment Incentive (Some projects are exempt pursuant to 288.075 FS.)
Qualified Target Industry Tax Refund
Quick Action Closing Fund

*All programs that allow for payments upfront include a clawback clause. Payments returned to the state are indicated by a negative payment on the Economic Development Incentives Portal.

** Due to the performance periods, reporting requirements, third party verification, and DEO’s confirmation, there is a lag between real-time events, such as job creation and investments, and the information being posted on DEO’s Economic Development Incentives Portal.