County Incentives

Job Creation Bonus

Osceola County may offer a Job Creation Bonus up to $3,000 per job to Qualified Targeted Industries to stimulate the creation and/or retention of high wage jobs in the County. To seek this incentive the company must create at least ten (10) net new jobs at a minimum of 115% of the County’s Average Annual Wage and commit to retain these jobs for the agreed-upon term. This is a performance-based incentive, payable to the company after certifying and providing satisfactory proof that the jobs have been created and/or retained.

Ad Valorem Property Tax Refund

Osceola County may offer a property tax (ad valorem) refund to Qualified Targeted Industries to stimulate the creation and/or retention of high wage jobs in the County. Through this incentive, the County may refund a portion paid by the company of the property taxes (ad valorem) on the value added to real property or new business personal property for a period of up to 10 years. All applications go through an approval process. Specific levels of refund will be determined by the size, scope, and location of the project. This is a discretionary incentive, offered to projects on a case-by-case basis.

Fast Track Permitting

Osceola County conducts a coordinated effort through all permitting departments to expedite the review of all County permits. This process often includes an onsite inspection team for Fire, Building, Engineering, and any other discipline necessary to ensure the timely progression of construction along with preapplication meeting (and follow up meetings, as needed) to provide guidance regarding the permits needed from each department, site planning and development, site suitability and limitations, to ensure an expeditious permit application. This program has been highly successful, and helps to identify the needs of the applicant, as well as any potential roadblocks.

Manufacturing Equipment Refund

This incentive is for companies investing in manufacturing equipment. It provides a refund of 50% of the purchase price of the manufacturing equipment up to $50,000 per business. The refund applies to companies that purchase qualified new machinery and equipment for use in manufacturing in Osceola County.

State Incentives

Capital Investment Tax Credit

The Capital Investment Tax Credit is used to attract and grow capital-intensive industries in Florida. It is an annual credit, provided for up to twenty years, against the corporate income tax. Certain eligibility and annual maximum credit amounts apply.

Quick Response Training (QRT)

Quick Response Training provides grant funding for customized training to new or expanding businesses.

Incumbent Worker Training (IWT)

This program provides employers with funds to train currently employed workers to keep their firms and workers competitive.

Sales Tax Exemptions

Florida offers sales and use tax exemptions on a variety of business purchases, including machinery and equipment used by a new or expanding manufacturer, research and development equipment, and certain other items.

Expedited Permitting Assistance

State and local permit streamlining procedures are available to assist businesses in obtaining necessary permits and approvals in a quick, efficient, and predictable manner.

Capital Accelerator Programs

Space Florida provides cash awards to winning presenting companies to attract the most innovative and capital worthy companies. Typical awards vary depending on whether the presenting companies are Seed, Early or Growth Stage. The range extends from $25K to $100K max.