Business Incentives

Tax exemptions, state funding, and employee screening services for qualified businesses help to defray costs and maximize business growth. Gainesville provides the perfect pro-business climate for new and relocating businesses.

GRU's Economic Development Rate

GRU's Economic Development Rate is an incentive for larger business customers that want to establish or expand their presence in Gainesville. The program is open to new and existing general service, demand and large power service customers that meet certain criteria.

Enterprise Zone Savings

Local incentives are focused on a 50 percent discount on various development fees located on properties within the Enterprise Zone.

Qualified Targeted Industry Tax Refund Program

This program provides a tax refund of up to $5,000 per new job created in Florida through the location of a new business or expansion of an existing business. To qualify, a company must create 100 new jobs (10 percent increase for expanding companies), pay an average of at least 115 percent of area wages, have significant impact on the community, show its necessity and have local support.

Industrial Revenue Bonds

Provides bond issues for manufacturers (up to $10,000,000) for property acquisition, construction, machinery and equipment costs, and certain soft costs.

Gainesville Community Redevelopment Agency

The Gainesville CRA operates in four community redevelopment areas: Eastside, Fifth Avenue/Pleasant Street, Downtown and College Park/University Heights. Redevelopment in a CRA area is an investment in a vibrant future for Gainesville’s urban core.

Need More Information?

In order to qualify for some of these benefits, companies must apply prior to relocating or expanding their facilities. Therefore, if you are interested in any of these programs, contact any of the following organizations for more details as early as possible in your development plans:

Economic Development & Innovation
City of Gainesville
200 E. Univ. Ave., St. 7
Gainesville, FL 32601
Ph: 352-334-5010
Email: bredfeldea@cityofgainesville.org
Council for Economic Outreach
300 East University Ave, Suite 100
Gainesville, Florida 32601
Ph: 352-378-7300
Fax: 352-378-7703
Gainesville Area Chamber of Commerce
P. O. Box 1187
Gainesville, FL 32602
Ph: 352-334-7100
Fax: 352-334-7141