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Incentives

You are here: Home / Incentives

Regional Incentives

The Greater Gainesville Chamber Economic Development team is well versed in regional and state incentives. We would be happy to assist you and your company with inventive applications. If you have any questions, please contact Staci Bertrand.

IncentiveDescription
Industrial Revenue Bonds
Source: Alachua County
Up to $10,000,000 for various industrial business development costs.
Commercial/Industrial Service Rider (CISR)
Source: Duke Energy
Requires a minimum 500 kW of new load or retention of 500 kW existing load for Florida customers whose current load is less than 10,000 kW. Qualifying applicants will receive a discounted electric rate calculated on a case-by-case basis.
Economic Development Rider
Source: Duke Energy
Requires a 500 kW demand or greater* (≥50% LF) and must be a Florida targeted industry. Qualified companies will receive a five-year declining discount on demand and energy charges.
Economic Re-development
Source: Duke Energy
Requires a 350 kW demand or greater* (≥50% LF), produce 15 new jobs or $200,000 capital investment and must be a Florida targeted industry. Qualified companies will receive a three-year declining discount on demand, energy and non-fuel charges.
Clay Electric Rebate Program
Source: Clay Electric
Up to $50’000 in matching grants to stimulate the revitalization of key areas in the community.
GRU Economic Development Rate
Source: GRU
Up to 20% on a five-year term for expanding or new businesses, and based on energy usage per month.
CRA Façade Grants
Source: Gainesville CRA
Program provides grant funding for customized, skills-based curriculum development and training, through partial reimbursement, to new or expanding businesses in Florida’s targeted industries.
CRA Job creation Incentive
Source: Gainesville CRA
For each job paying at least 70% of the average annual wage and over 100% of the average annual wage for Alachua County, the incentive is $1,500 per job, payable as $750 each year over a two year period.
Florida High Tech Corridor Council (FHTCC) Matching Funds Research Program
Source: The Florida High-tech Corridor Council
Proposals are sought for collaborative research and development projects between technology companies that maintain a physical presence within the 23 counties of the Florida High Tech Corridor and University of Florida (UF) faculty. $20k – $100k annual award.
University of Florida Industry Partnership Matching Grants Program
Source: The University of Florida
The grant seeks to promote early- to late-stage technology development and commercialization through collaborative research projects (for 12 months) between University of Florida’s Principal Investigators (PIs) and high tech (UFLIPS-G) and energy (UFLIPS-E) companies located in Florida. From 25k to 50k in awards.
Capital Investment Tax Credit (CITC)
Source: State of Florida
Reserved for capital-intensive ventures in high-impact industries. It is an annual credit, provided for up to twenty years, against the corporate income tax. Projects must also create a minimum of 100 jobs and invest at least $25 million in eligible capital costs.

If you’re interested incentives, contact us!

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CONTACT US

(352) 334-7100
300 E. University Avenue
Gainesville, Florida, 32601

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