The Qualified Target Industry Tax Refund incentive is available for companies that create high wage jobs in targeted high value-added industries. This incentive includes refunds on corporate income, sales, ad valorem, intangible personal property, insurance premium, and certain other taxes. Applicants who create qualifying jobs in Florida may receive tax refunds of:

• $3,000 per net new Florida full-time equivalent job created
• $6,000 in an Enterprise Zone
• Additional $1,000 per job for businesses paying 150 percent of the average annual wage
• Additional $2,000 per job for businesses paying 200 percent of the average annual salary
• Additional $2,000 per job for businesses falling within a designated high impact sector or increasing exports of its goods through a seaport or airport in the state by at least 10 percent in value or tonnage in each year of receiving a QTI refund

The local community where the company locates contributes 20 percent of the total tax refund.  New or expanding businesses in selected targeted industries or corporate headquarters are eligible. Application must be submitted and approved prior to hiring and finalization of location/expansion plans.

For additional information on the QTI program, other available incentives and/or assistance in indentifying sites, contact Gregory J. Weiner, Senior Director, Business Development at 1.800.535.0203 or by email at gweiner@SpaceCoastEDC.org.

Incentives, programs and tax benefits are available subject to qualification according to the enabling legislation, or administrative guidelines, as may be applicable. Inclusion is for information purposes and does not constitute an offer.