The state of Florida, St. Lucie County, and our city partners all offer a variety of incentives to relocating and expanding companies. Determining which incentives and amounts of incentives that a company qualifies for is a complicated task and requires one-on-one counseling with EDC staff.

Information on all public incentives is provided, but the final decision of incentives to be granted rests with the authorities responsible for administering those incentives. The primary factor in determining values of incentives is the relative importance the incentives carry in the location decision of a company. It is assumed that all other factors critical to the location decision such as workforce, buildings and sites, utilities, financing, market proximity, etc. have been evaluated and any incentive that might be awarded should be the final inducement that convinces the company to chose our state and county over a competitor’s location.

State Incentives: Qualified Target Industry Program; Quick Response Training Grants; Capital Access Plus; Florida Development Finance Corporation; Private Activity Bonds; Florida First Capital Corporation; Florida Export Finance Corp.; Space Development Industrial Revenue Bonds; Florida Economic Development Transportation Fund; Minority Economic and Business Development; Florida Black Business Investment Corporations; Sales Tax Exemptions; High Impact Performance Incentive; Silicon Technology Sales and Use Tax Refund

Local Incentives: Job Growth Investment Grant Program; Property Tax Exemptions; Industrial Development Revenue Bonds; Accelerated Permit Review and Approvals; Training Programs

Local & State Incentives Overview