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: