Historical article published in January 2014. Incentive programs, eligibility requirements, agency names, links, and contact details reflect the original article and have not been updated. Do not rely on this information for a current tax or investment decision.

Hillsborough County Incentive Programs Described in 2014

In response to the unique needs of expanding or relocating businesses, the communities of Tampa Bay have created customized local business and expansion incentive programs, in addition to incentives offered in conjunction with the state.

Ad Valorem Tax Exemption

This program is available to qualified new businesses relocating to Hillsborough County and to expansions of businesses already situated in Hillsborough County. All interested applicants should contact Hillsborough County Economic Development Department.

• Appendix 2 (State Statutes)
• Ordinance 11-1
• Program Narrative

Florida Qualified Target Industries Tax Refund Program

This program is available to qualified target industry businesses with average wages exceeding 115% of the state average, as in section 288.106 of the Florida Statutes, that create new high-wage employment opportunities in Florida either by expanding an existing business within the state or by bringing a new business to the state.

Premier Business Bonus Program

Local incentive grant used in conjunction with States QTI. Available to qualified applicants creating new high-wage job opportunities, with exceptionally high wages and capital investment, either by expanding an existing business within the county or by bringing a new business to the county.

High Impact Performance Incentive Grant

This program provides a grant to pre-approved applicants in certain high impact sectors designated by the Department of Economic Opportunity. In order to participate in the program, the project must operate within designated high-impact portions of biomedical technology, financial services, silicon technology, and transportation equipment manufacturing.

Capital Investment Tax Credit

This program is targeted for extraordinarily capital-intensive industries. Eligible projects are those in designated high-impact portions of biomedical technology, financial services, silicon technology, and transportation equipment manufacturing.

Employers Impact Fee Mitigation Program

This program is available to qualified businesses to be awarded toward development transportation impact fees assessed (excluding water and wastewater capacity fees). Applications must be submitted in advance of any permit application, changing land usage or building occupancy related to the proposed jobs.

Employers Water & Wastewater Capacity Fee Mitigation Program

This program is available to qualified businesses to be awarded toward water and wastewater capacity and accrued guaranteed revenue fees. Applications must be submitted in advance of any permit application, changing land usage or building occupancy related to the proposed jobs.

Hillsborough County Job Creation Incentive Programs –  Additional Information

For more information please contact Jaksa Petrovic, Corporate Business Development Manager, at 813-273-3719.