Programs |
Assistance |
Amount of Funding |
|
FLORIDA PROGRAMS |
|
Qualified Targeted Industry Tax Refund
Program (QTI) |
Tax refund |
$3,000 per FT job created in targeted markets; increased award for higher wages |
|
Incumbent Worker Training |
Grant |
Existing companies and employees; No minimum wage requirement;
Grant goes directly to company; no restrictions on type of training. |
|
Quick-Response Training Grant |
Grant |
For new or expanding businesses |
|
Enterprise Bond |
Low rate financing |
$500,000 to $2.5m pooled industrial revenue bonds for manufacturers (tax exempt) |
|
Economic Development Transportation
Fund |
Grants for road improvements |
Up to $2 million to local municipality |
|
LEE COUNTY PROGRAMS |
|
Lee County Job Opportunity Program (LCJOP) for High-Wage Jobs (15% above average
wage) |
Cash Incentive |
Up to $2,000 per FT job created. Additional $1,000 per full-time job if located
in an Enterprise Zone |
|
Lee County Job Opportunity Program (LCJOP) for EZ (100%-114% of average wage) |
Cash Incentive |
Up to $1,000 per full-time job created if located in an Enterprise Zone |
|
Industrial Development Revenue
Bonds (IDRB) |
Low rate financing |
$3M to $10M for manufacturers (tax exempt) |
|
Enterprise Zone |
State tax refunds and credits; local job incentive |
Varies depending on wages and sales taxes paid |
|
CAPE
CORAL PROGRAMS |
|
Economic Incentive Reserve Fund |
Cash Incentive |
Up to $1,500 per full-time job created |
|
Impact Fee Incentive Program |
Impact fee deferral |
Varies |