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Incentives

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 (15% above average wage)
Incumbent Worker Training Grant Existing companies and employees; No minimum wage requirement; Grant goes directly to company; no restrictions on type of training, 50/50
Quick-Response Training Grant Grant For new or expanding businesses, 50/50
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 FIRST Performance Incentive Up to $25 million in reserve
Lee County Job Opportunity Program (LCJOP) for targeted industry jobs Cash Incentive Up to $6,000 per FT job created.
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