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Incentives

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INVEST, EXPAND, THRIVE

 

Collier County wants to support your success. We understand that a major barrier for companies looking to expand or relocate is cost — the cost of space, equipment and training employees. We also know incentives are an important part of any site location decision. 

Arthrex, ACI Worldwide, Kore's Position LogicFive Star Gourmet Foods and Ferris Marketing took advantage of Collier County's incentives. Why not your company?

We have tools to help a growing business. Our office and economic business partners will work with you to find the best incentive programs for your project at the local, regional and state level.

Here's our printable Incentives overview brochure.

 

Basic Industry Growth Promotion Incentive

The Basic Industry Growth Promotion Incentive recognizes Collier County’s desire for near-term job growth opportunities through the expansion of local companies and recruitment of new companies that may not necessarily qualify for the State of Florida’s Qualified Targeted Industries (QTI) program.

Qualified applicants are eligible to participate in the Basic Industry Growth Incentive, a grant of $1,500 per job for projects that create at least 10 new jobs within 12 months in a targeted industry, and with wages meeting or exceeding the Collier County average of the applicant’s specific three-digit North American Industry Classification System industry code. Only five jobs are required for projects located in officially-designated distressed areas, and wage requirements are waived. There is no minimum capital investment required for participation. An additional $500 per-job bonus is available for businesses that create jobs that meet the definition of “Collier Clean Quality Jobs,” which includes jobs that demonstrate energy efficiency, reduction of pollution or environmental sustainability in either the firm’s operational process or final products for sale. (See full definition below.) Grants will be paid in installments over four years.

General Program Requirements

Applications must be submitted in advance of public announcements or any permit applications that change usage or building occupancy related to the projected jobs. The new jobs and business must be a for-profit business operating within Collier County and qualified under the state’s listed target industries and must create 10 new jobs within 12 months of approval by the Collier County Board of County Commissioners. In addition, for existing firms, the net new jobs must be reflected as an increase of full-time equivalents over the latest quarter prior to application.

In officially designated economically distressed areas the wage requirement is waived and job eligibility is reduced to five qualified industry jobs.

“Collier Clean Quality Jobs” produce goods that improve energy efficiency, including energy-efficient equipment, appliances, vehicles or other such products, and products that facilitate pollution reduction and removal, greenhouse gas reduction, and recycling and reuse, including products that reduce or eliminate the creation or release of pollutants, greenhouse gas emissions, or reduce or eliminate the creation of waste materials.  The definition also includes jobs in which the business’ production processes have been made significantly more environmentally friendly than previous industry standards. This includes generating energy from renewable sources, using technologies that increase energy efficiency within the business, or reduce or remove pollution, greenhouse gases and waste products from the environment.

Each new employee hired must be either a full-time employee working an average of 36 hours per week. Business also will be allowed to count two employees working at least 20 hours per week as one full time equivalent employee as long as these employees are eligible to receive full benefits.

The level of new jobs and wages that comprise the grant must be maintained and documented to be eligible for the annual payment over the four-year term of the program.  In addition, the applicant must agree to provide sufficient evidence that the new job and wage levels were maintained.

Job creation beyond commitment within the four year payment term is eligible for extra per job awards. Award payments are subject to annual appropriations.

Grants are disbursed in four equal installments over four years as compliance for each year is verified.  The method of evidence verification will be based on records such as: IRS Form 941, Payroll Records, and a Florida Department of Revenue Employer’s Quarterly Report (UCT-6) Form for each new employee or an acceptable equally reliable substitute.

The program is administered by the county manager or his designee.

Application form.

 

Advanced Long-term Productivity Strategy Incentive Program (ALPS)

The county Advanced Long-term Productivity Strategy Program (ALPS) is designed to expand Collier County’s competitiveness by attracting extraordinary high-value economic development projects to augment participation in the state’s Qualified Targeted Industries (QTI) program. Qualified applicants may participate in the ALPS Incentive if the project creates at least 25 new jobs whose average wage meets or exceeds 150 percent of the county’s average wage, which is currently $59,958.  A two-tiered system will determine the award amount.

Tier One provides a bonus incentive equal to 1.000 percent of  actual payroll for each of four years, provided that the project’s aggregate employment meets a minimum of 150 percent of the state’s average wage and minimum job creation threshold. Existing jobs of an expansion project are excluded if the applicant is an existing business.

Tier Two provides a bonus incentive equal to 1.063 percent of actual payroll for each of four years provided that the project’s aggregate employment meets a minimum of 200 percent of the state’s average wage and the minimum job creation threshold of 25 new jobs. Only 10 qualified jobs are required for jobs located in officially designated distressed areas, such as Brownfields. All new jobs must be full-time equivalents working at least 36 hours per week and eligible for full benefits.

General Program Requirements

To be eligible, projects and businesses must qualify for the State’s QTI program and agree to the Collier-specific requirements as a contingency for eligibility in Collier County’s Advanced Long-term Productivity Strategy Incentive.

A summary of qualifications includes but is not limited to:

  • The applicant must notify Collier County of its intent to apply to the county’s Advanced Long-term Productivity Strategy Program before Collier County approves the local-match contribution to that project’s State QTI application. The ALPS application also must be approved by the Board of County Commissioners prior to the project’s commitment of intent.
  • New businesses or expansions of existing businesses within the county must create at least 25 new jobs that meet 150 percent of the lowest of the county or state’s annual average wage to qualify for Tier 1 and 200 percent to qualify for Tier 2. Tier 1 businesses are eligible to receive a grant equaling 1 percent of aggregate payroll; Tier 2 businesses are eligible to receive a grant equaling 1.063 percent of aggregate payroll. Only new jobs that are created will be counted toward the total payroll to calculate the award amount.
  • Each new employee hire must be a full-time equivalent working an average of 36 hours per week and eligible for full benefits.
  • Job creation requirement is reduced to 10 qualified new jobs in economically distressed areas.
  • Applicants must sign an agreement with the county to participate in the program. At a minimum, the agreement must include the total award amount, the job and wage verification schedule and the payment schedule.
  • The level of new jobs and wages comprising the grant must be maintained and documented to be eligible for the annual payment over the program’s four-year term.  In addition, the applicant must agree to provide sufficient evidence that the new job and wage levels were maintained.

The first performance verification is due 18 months from the execution of an agreement.

The grant is disbursed over four annual installments, with aggregate payroll adjusted for inflation after the initial year as compliance for each year is verified.  The method of verifying evidence will be substantiated by county-approved records such as: IRS Form 941, Payroll Records, and a Florida Department of Revenue Employer’s Quarterly Report (UCT-6) Form for each new employee or an acceptable equally reliable substitute.

The program is administered by the county manager or his or her designee and award payments are subject to availability of funds.

Application form.

 

Capital Investment for Diversification Incentive Program

Collier County offers qualifying applicant’s eligibility to the CID Incentive as an inducement grant providing a benefit equivalent of up to 100 percent of the value of the transportation impact fees actually assessed and remitted for business space that directly houses the occupancy of a target industry business.  The CID Incentive provides four equal annual installments of the grant amount commencing with the first anniversary of the issuance of the Certificate of Occupancy for the facility, and will continue each year until the full grant amount is paid, conditioned and contingent upon the project remaining current on all local tax liabilities and the operation of the facility as a targeted industry, as evidenced by a certified county approved method, or in substitution, an equivalent Targeted Industry Business operation acceptable to the county.

Payments are contingent on employer offering and demonstrating the provision at least 50 percent of the employee’s cost of health care coverage.  Each CID Incentive Grant applicant/agreement will be approved by the Board of County Commissioners and funding will be subject to annual appropriations of the county. Annual grant funding will not exceed $500,000 unless authorized by the BCC. Project eligibility for the CID Incentive Grant will be discrete and mutually exclusive of any other locally based Collier economic development financial incentives. The grant is not applicable within a geographic area utilizing Innovation Zone participation. CID Incentive Grants projects will be eligible for Collier’s local match participation with the State’s Qualified Target Industry Tax Refund Program (QTI). The CID Incentive Grant is only eligible for properties or facilities that apply before the issuance of the Certificate of Occupancy. 

General Program Requirements

A project must result in sustained occupancy by a Targeted Industry Business and agree to the Collier specific requirements as a condition for eligibility in Collier County’s Capital Investment for Diversification Program Incentive.  The BCC must approve all applicants and administration of the program will be conducted by the county manager or designated staff.  Only official forms and procedures are deemed sufficient for application to this program.  A summary of qualifications includes but is not limited to:

• “Target industry business” means a corporate headquarters business or any business that is engaged in one of the target industries as identified in the State of Florida Qualified Target Industry List.
• Impact Fees are prepaid and the grant is reimbursed over four equal annual installments; initial payment occurs one year from the Certificate of Occupancy and certification and payment cycles continue annually until the grant is complete or the project loses eligibility due to failure to comply with program requirements. Payments are contingent upon the employer offering at least 50 percent of the employees’ cost of health care coverage.
• Project eligibility will be subject and conditioned on the county’s annual appropriation limit of $500,000 for the CID Incentive Project total annual payments.
• Project eligibility for simultaneous participation in the State QTI program is permitted, but prohibited in conjunction with other county local economic development incentive programs.
• Applicant must notify Collier County of intent to apply to the county’s Capital Investment for Diversification Incentive before Collier County approves the local match contribution to that project’s State QTI application. In all cases, the CIDS application must be approved by the BCC prior to issuance of the project’s original certificate of occupancy.

Application form.


Qualified Target Industry Tax Refund Program (QTI) Participation

Florida’s Qualified Target Industry Tax Refund (QTI) program is the state’s most widely used incentive program. It's designed to encourage high-skills job creation and encourage the growth of low-impact, light-industrial, corporate-headquarters type enterprises and other targeted industries. It aims to diversify Florida’s economy by enabling the state to effectively compete for higher-wage jobs by targeting certain industry clusters of strategic importance to the state’s economic diversity. QTI provides a basic incentive of $3,000 per job for each new job created, with bonuses available for jobs with higher than required wages, jobs located in certain areas and jobs in certain high-impact sectors.

Florida competes with other states and foreign countries for the high-wage jobs created by businesses in innovative industries. To effectively compete, Florida uses performance-based business incentives as part of its economic development toolkit. In exchange for a business creating jobs in the state, the business receives a tax refund once new jobs are created. Payments occur if applicants have sufficient state or local tax liability to equal the refund amount. Awards are typically paid out over four years of job creation.

The state administers these financial incentives with oversight and approves the incentives only in situations when they clearly will play a material role in convincing a targeted business to locate or expand in the state. Incentives may be the deciding factor for businesses making site selection decisions in a globally competitive environment. While modest compared with the job-based incentives offered by many of Florida’s competitor states and nations, QTI is working to achieve Florida’s goals of economic diversification, higher-wage job creation and increased capital investment. Without QTI, Florida communities may be at a disadvantage when competing for economic development projects.

There is a cap of $5 million per single qualified applicant in all years, and no more than 25 percent of the total refund approved may be paid in any single fiscal year.

To be eligible, applicants must be pre-approved and:

  • agree to create 10 new jobs or, if it’s a Florida business planning to expand its operations, agree to create a net increase in employment of at least 10 percent. The state’s Department of Economic Opportunity (DEO) may grant a waiver to an existing business located in a rural county.
  • agree to pay employees an annual average salary that is at least 115 percent of the average private sector wage in the area or of the statewide private sector average wage. DEO may waive the wage requirement for businesses that locate in a rural county or city, in an enterprise zone, or in a Brownfield area, or for manufacturing project.
  • receive a commitment of a 20 percent local match. The form of the commitment must be included in a resolution passed by the county commission.

Collier County’s Board of County Commissioners is committed to providing the required 20 percent local match requirement for eligible businesses that create jobs in the county.

Enterprise Florida Inc. staff will shepherd businesses and communities through the entire application process, ensuring that the company and community understand what is required for a complete, effective application. EFI reports its evaluation of the application and recommendation to the director of the Governor’s Office of Tourism, Trade and Economic Development (OTTED), who makes the final decision on the project. Although the law allows a maximum of 45 days to evaluate the completed application, EFI makes every effort to expedite the process to meet the applicant’s schedule.

Printable QTI informational brochure.

Other state incentive programs:

 

Florida Power & Light (FPL) incentives

FPL’s business customer bills are among the lowest in the southeast and well below the national average, but FPL understands that in today’s competitive economy, more is needed. FPL is able to further cut rates for large power users through two special programs for economic development projects. One is a definitive tariff program (EDR) and the other is a flexible negotiated rate (CISR). 

EDR: The FPL Economic Development Rider is designed to help attract new investment to the Sunshine State and create more jobs for Floridians. EDR is available to new or expanding businesses that add a minimum of 350 kilowatt demand of new electric load and create at least 25 new jobs per 350 kilowatt demand of added load. Eligible companies receive declining discounts on their standard base energy and demand charges over four years; the discount increases to five years if the company moves into a vacant, existing building.

Year

1

2

3

4

5

Business discount

20%

15%

10%

5%

NA

Business discount for
re-use of vacant property

25%

20%

15%

10%

5%

 

Commercial Industrial Service Rate (CISR): This CISR rate is designed to attract new, large power users as part of a competitive location project. To negotiate a rate, potential or existing businesses must have a load of 2,000 kW or greater, served by a single meter and document that this is part of a competitive project, with opportunities for lower rates outside FPL's territory. CISR is for firm power only; load management or interruptible rates are not eligible
Once these stipulations are satisfied, both FPL and the customer must agree to a negotiated power contract after entering into a non-disclosure agreement.

 

Industrial Development Revenue Bonds

Industrial Development Revenue Bonds (IRDBs) are securities issued by a local governmental agency, such as the Collier County Industrial Development Authority, for the purpose of financing capital projects for companies. Industrial Development Revenue Bonds, also known as “private activity bonds,” are a viable method of financing certain types of industrial relocation and expansion, as outlined below. That debt is a liability of the respective company, not the local governmental agency.

Industrial Development Revenue Bonds offer some advantages over conventional financing methods, including the following:

  • Since IDRBs are considered limited and special obligations of governmental units, the interest on the bond may not be subject to federal income tax and certain state and local taxes, including intangible taxes and documentary stamp taxes.
  • Some capital costs associated with the acquisition of an industrial project may be financed.

The qualifications for Industrial Revenue Bond financing are established by federal and state regulations and by policies adopted by the local government’s issuing agency. There are numerous types of projects that may be eligible for tax-exempt financing and these are defined in Florida Statute Section 159.27(5). Eligible projects include, but are not limited to, the following:

  • Manufacturing or industrial plants
  • Research and development parks
  • Warehousing and distribution facilities
  • Corporate headquarters facilities
  • Tourism facilities
  • Health care facilities
  • Airport or port facilities

 

Tamiami Angel Fund

The Tamiami Angel Fund LLC is Southwest Florida’s first Angel Fund. TAFI is a formal fund of growth capital organized to invest in Florida-based early stage through expansion-stage companies. TAFI is a member-owned and member-managed for-profit limited liability company that provides members with an opportunity for active involvement in a diversified capital investment process and a portfolio of high-quality, high-growth companies in Florida.

 

Adrenaline Venture Fund

The Adrenaline Venture Fund is a group of local investors who give high-net worth individuals and family offices an opportunity for a diversified capital investment in a portfolio of idea and seed stage startups. If you are a company with an outstanding execution team, a disruptive idea, and a large addressable market, then the Adrenaline Venture Fund wants to hear from you. The Adrenaline Venture Fund also works to help businesses in the county's Naples Accelerator.

 

VIP PERMITTING PROCESS

The Economic Recovery Task Force-Commercial Retrofitting SWAT team has created a group of development professionals that are offering assistance to business owners through the initial permit application process. This pro-bono service includes an initial consultation to review plans, offer insight into local and state code requirements and provide tips on how to expeditiously move through the review process. Once the project is ready to be submitted, the Economic Recovery Task Force-Commercial Retrofitting SWAT team member will introduce the applicant and his/her design professional to a member of the Collier County Growth Management Division (GMD) Client Services Section. That person will be assigned to track and guide your project through the review and inspection process and will provide weekly follow-up and correspondence involving reviews and inspections. Contact Economic Recovery Task Force Chair Diane Flagg at Diane.Flagg@att.net to schedule a plan review, or obtain more information.

The Collier County Growth Management Division, Operations and Regulatory Management Department has established the following performance standards for review of the building permit plans within the following time periods:

  • One and Two Family Units: 5 Business Days
  • Commercial (one trade): 5 Business Days
  • Commercial (two to three trades): 10 Business Days
  • Commercial (greater than three trades): 15 Business Days
  • Impact Fees: The costs to businesses are substantially reduced. For more information please click here.

 

Promise Zone Incentives (Immokalee)

Immokalee, in addition to neighboring Hendry and Glades counties, was designated a federal Promise Zone in 2016. The program provides tools to revitalize communities by attracting private investment, creating jobs, improving affordable housing, expanding educational opportunities, providing tax incentives for hiring workers and investing within the zones and partnering with local leaders to navigate federal programs and cut through red tape. The Promise Zone designation gives Immokalee Promise Zone grant applications priority.

 

Florida Heartland and Rural Area of Opportunity (Immokalee) 

Immokalee also is a Rural Area of Opportunity and is part of the Florida's Heartland (FHero) program, now called  the FHREDI (Florida Heartland Regional Economic Development Initiative Inc.), which provides economic development support.  Rural Areas of Opportunity (RAO) are defined as rural communities, or a region composed of rural communities, that have been adversely affected by extraordinary economic events or natural disasters. The designation allows the governor to waive criteria of any economic development incentive including, but not limited to: the Qualified Target Industry Tax Refund Program under section 288.106, Florida Statutes (F.S.), the Quick Response Training Program and the Quick Response Training Program for participants in the welfare transition program under section 288.047, F.S., transportation projects under section 339.2821, F.S., the Brownfield redevelopment bonus refund under section 288.107, F.S., and the rural job tax credit program under section 212.098, F.S. and section 220.1895, F.S.

Here's a program comparison of the county and state incentives.

Printable brochure.

 

Program Name

 Basic Industry Growth Promotion

Advancing Long-Term Productivity Strategy Incentive

Capital Investment for Diversification Incentive

Type

Grant

Grant

Grant (Four Year Disbursement)

 

Award Made to Whom

Qualified Target Industry Employers

Eligible Target Industry Employers

Developers, Landlords or Business Owners

Wage requirement

Pegged to the Collier County Average Wage for the 3-Digit North American Industry Code (NAICS).

Tier One 150% of the lowest of County, MSA or State Average Wage or $64,772; Tier Two 200% of the lowest of County, State or MSA Average Wage or $86,362.

No wage specific requirement. Eligibility is limited to occupancy by a Targeted Industry as defined by Enterprise Florida and new capital investment for space to house that targeted Industry.

Number of Jobs Required

5

25

Number of jobs is not a specific requirement. Eligibility is limited to occupancy by a Targeted Industry, as defined by Enterprise Florida and demonstration of operations and related jobs.

Capital Investment Requirement

No

No

New capital investment is scaled to amount of space to house a Targeted Industry.

Expandable for Later Year Jobs

Yes. Up to two times the number of jobs applied for during the initial four-year participation term.

Yes. Percentage of payroll captures job increases.

No.

Available to Existing Industry

Yes. Each of the new jobs lasting four years are eligible.

Yes. Each of the new jobs lasting four years are eligible.

Yes. New capital investment for Targeted Industries is required

Available to New Industry

Yes. Each of the new jobs lasting four years are eligible.

Yes. Each of the new jobs lasting four years are eligible.

Yes. New capital investment for Targeted Industries is required.

Available for Retention

No.

No.

Yes. New capital investment for Targeted Industries is required.

Amount of Award

$3,000 base, with a $500 Green Product/Process Bonus

Variable annual award equates to a % of payroll, provided an average aggregate wage is met.

Tier One- Average wages equaling 150% yield a 1.0% of payroll award;

Tier Two- Average wages equaling 200% yield a 1.063% of payroll award. * Existing firm's annual award will be based on segregated new job payroll, existing jobs are excluded from calculation.

Benefit equivalent of up to 100% of the value of the Transportation Road Impact Fees assessed & remitted for business space directly related to the occupancy of the Target Industry business

 

 

Program Name

 

Basic Industry Growth Promotion

Advancing Long-Term Productivity Strategy Incentive

Capital Investment for Diversification Incentive

Payout Schedule

Paid in installments over four years after each year’s performance is certified. Subject to confirmation of compliance.

Paid in installments over four years after each year’s performance is certified. Subject to confirmation of compliance, each year's payroll is adjusted for inflation over the previous year. First annual performance evaluation is due 18 months from execution of the agreement.

Paid in installments over four years, subject to confirmation of compliance, beginning one year after Certificate of Occupancy is issued.

Specified Use of Funds

None.

None.

None.

Local Support Required

Yes, 100% paid by the county if jobs are located in Unincorporated Collier County.

Yes, 100% paid by the county if jobs are located in Unincorporated Collier County.

Yes, 100% paid by the county if jobs are located in Unincorporated Collier County.

"But For" Incentive

Applications must be submitted before any public announcements or permit applications that change usage or building occupancy related to projected jobs.

Applications must be submitted before commitment of intent, public announcements or any permit applications that change usage or building occupancy related to projected jobs.

Yes, new construction or never occupied space, or yet to receive a final end-user Certificate of Occupancy.

Eligible Industries/Business Activities

Industries defined as Qualified Targeted Industries by Enterprise Florida Inc.

Industries defined as Qualified Targeted Industries by Enterprise Florida Inc.

Industries defined as Qualified Targeted Industries by Enterprise Florida Inc.

Ineligible Activity

Any business engaged in retail industry activities; any electrical utility company as defined in F.S. 366.02(2); any phosphate or other solid minerals severance, mining, or processing operation; any oil or gas exploration or production operation; or any business subject to regulation by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation.

Any business engaged in retail industry activities; any electrical utility company as defined in F.S. 366.02(2); any phosphate or other solid minerals severance, mining, or processing operation; any oil or gas exploration or production operation; or any business subject to regulation by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation.

Any business engaged in retail industry activities; any electrical utility company as defined in F.S. 366.02(2); any phosphate or other solid minerals severance, mining, or processing operation; any oil or gas exploration or production operation; or any business subject to regulation by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation.

Distressed Area Exception

Wage requirement waived, but Targeted Industry is required for eligibility in designated economically distressed areas.

Minimum job eligibility threshold is reduced to 10 qualified industry jobs in designated economically distressed areas.

N/A

 

 

 

State Incentive Programs

 

QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM (QTI)

QUICK RESPONSE TRAINING PROGRAM (QRT)

ECONOMIC DEVELOPMENT TRANSPORTATION FUND (Road

Fund)

QUALIFIED DEFENSE CONTRACTOR TAX REFUND PROGRAM (QDC)

Type of Incentive

Tax Refund.

Grant.

Grant.

Tax Refund.

Award Made to Whom

Business.

Training Provider.

Local government on behalf of the business.

Business.

Wage Requirement

At least 115% of state or county or Metropolitan Statistical Area Wage (currently state avg+15%=$50,675).

Goal is 115% of county or state wages, whichever is lower, exception for Enterprise Zones or distressed areas.

No requirement, but it is a consideration.

At least 115% of state or county or Metropolitan Statistical Area wage.

Number of Jobs Required

At least 10 new full-time equivalent jobs at the 115% wage average, and if an expansion project increases employment by at least 10%, whichever is greater.

At least 10 new full-time equivalent jobs.

No minimum requirement for grant request of less than $200,000; If a business creates or retain more than 100 full time positions, it may be eligible for $200,000-$1 million; If more than 200 full time positions are created/retained, it may be eligible for up to $3 million.

No minimum requirement, except for consolidations, which requires at least 80 jobs or 25% increase in Florida employment.

Availability to Expanding Industry

Yes

Yes

Yes

Yes

Available to New Industry

Yes

Yes

Yes

Yes

Available to Retain Jobs

No

As part of an expansion project.

Yes

Yes

Amount of Reward

$5000 per job/$84,984 avg wage., $4000 per job /$63,738 avg wage, $3000 per job/$48,866 avg. wage. Total not to exceed a total of $5 million. Additionally, $2,000 per job High-Impact Bonus. $2,500 per job bonus for jobs located in Brownfields.

Negotiated with local education provider to meet industry need. The business must provide cash or in-kind company matches to the training program.

Up to $3 million based on cost of improvements and limited to $7,000 per job created and/or retained.

Based on the average wage of all new and retained jobs, ($3,000 per job for 115%; $4,000 per job for 150%; and $5,000 per job for 200%). The base award increases to $6,000 per job if the project is located in a Rural county or an Enterprise Zone.

Payout Schedule

Paid out over a minimum of four years.

Reimbursement monthly.

Paid out to local governmental entity as needed for construction.

Paid out over a minimum of four years.

Specified Use of Funds

None

Training equip & cost, instructors' wages; curriculum dev.; & materials; (cannot be used for trainees' wages).

Design and engineering cost; construction costs of public transportation infrastructure projects.

None


 

QUALIFIED TARGET INDUSTRY TAX REFUND PROGRAM (QTI)

QUICK RESPONSE TRAINING PROGRAM (QRT)

ECONOMIC DEVELOPMENT TRANSPORTATION FUND (Road

Fund)

QUALIFIED DEFENSE CONTRACTOR TAX REFUND PROGRAM (QDC)

Local Support Required

Yes, 20 percent of total tax refund.

Yes, local education provider administers and provides training; endorsement by local economic development organization.

Yes, right of way.

Yes, 20 percent of total tax refund (business may exercise exemption in REDI counties).

"But For" Incentive

Yes

No

Yes

Yes

Eligible Industries/Business Activities

Target Industry.

Must produce a good or service for markets outside the local area. Requires customized entry- level skills training of 24 months or less, which is not available at the local level.

Target Industry.

Defense only.

Ineligible Industries/Business/ Activities

Any business engaged in retail industry activities; any electrical utility company as defined in F.S. 366.02(2); any phosphate or other solid minerals severance, mining, or processing operation; any oil or gas exploration or production operation; or any business subject to regulation by the Division of Hotels and Restaurants of the Department of Business and Professional Regulation.

Retail establishments, training for existing employees.

Retail, distributors, hotels (exceptions for Enterprise Zones, distressed areas and Rural Economic Development Initiative counties).

Available only to defense industry.


 

Collier County welcomes the opportunity to discuss these options in detail, as well as your business requirements. We believe in collaborative partnerships between our office and our funded economic development partners — the Southwest Florida Economic Development Alliance and the Greater Naples Chamber of Commerce — as well as the education system and workforce boards help support the entire workforce pipeline.

Bus and Econ Dev 4 color logo 

Jace Kentner, Director
Collier County Office of Business & Economic Development
2800 N. Horseshoe Drive
Naples, Florida 34104
239.252.8358
239.252.2405 (Fax)

JaceKenter@Colliergov.net