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 Landon Harrar.
| Incentive | Description |
|---|---|
| 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. |
