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North Florida Economic Development Partnership

North Florida. A Natural Place to Grow Business.

With 8,500+ square miles of gorgeous blue skies, green woods and bright, inquisitive minds, we know a lot about growing things. NFEDP exists to help grow your business. Give us a call today.

Your team at the North Florida Economic Development Partnership can assist you with every aspect of  the site selection process. Whether you’re looking for local and regional data, robust property and site searches or key human connections, talk to us today. We do it all for economic development in North Florida. Let’s see what we can do for you.

FIND PROPERTIES

North Florida has more than 8,500 square miles of the best and most diverse sites in the state. From agricultural to quick urban access, we’ll help you find exactly what you need. Ask about businesses similar to yours, key supply chains, or the major companies that call our region home.

MAP YOUR FUTURE

Explore local views of North Florida and our regional and national connections. Target by major industry and employers, business and industrial parks, easy access to higher education, logistics, driving distances and more. Our interactive assets can help you map your future.

INCENTIVES AND FINANCING

Not only is North Florida blessed with an abundance of nature, we offer the biggest selection of financial incentives in the state for relocating and expanding companies. From Tier 1 incentives across 14 counties to tax refunds, job credits and grants, North Florida EDP can help you zero in on the most strategic financial opportunities for your company.

STATE OF FLORIDA PROGRAMS

Targeted Industry Incentives:

  • Qualified Target Industry Tax Refund (QTI)
  • Qualified Defense and Space Contractor Tax Refund (QDSC)
  • Capital Investment Tax Credit (CITC)
  • High Impact Performance Incentive Grant (HIPI)

Workforce Training Incentives:

  • Quick Response Training Program (QRT)
  • Incumbent Worker Training Program (IWT)

Infrastructure Incentive:

  • Economic Development Transportation Fund

 Special Opportunity Incentives:

  • Rural Incentives
  • Urban Incentives
  • Enterprise Zone Incentives
  • Brownfield Incentives
  • Local Government Distressed Area Matching Grant Program (LDMG)

Financing Options:

Florida offers a variety of options for companies seeking access to capital. We’re home to commercial banks as well as numerous angel investors and venture capitalists. There are many federal and state programs that can aid you financially, including:

  • Enterprise Bond Program
    • Tax-exempt, low interest bond financing to qualifying manufacturing and non-profit organizations
  • SBA Loan Program
    • The SBA offers several loan programs for small businesses. For North Florida businesses, contact the Jacksonville SBA office.
  • Federal Grants

 

BUT WAIT, THERE’S MORE!

Enterprise Florida is the state’s official economic development organization. According to their website, Florida offers all this and more for relocating and expanding companies:

  • NO corporate income tax on limited partnerships
  • NO corporate income tax on subchapter S-corporations
  • NO state personal income tax guaranteed by constitutional provision
  • NO corporate franchise tax on capital stock 
  • NO state-level property tax assessed
  • NO property tax on business inventories
  • NO property tax on goods-in-transit for up to 180 days
  • NO sales and use tax on goods manufactured or produced in Florida for export outside the state
  • NO sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging
  • NO sales/use tax on co-generation of electricity
  • Manufacturing Tax Exemption
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