Santa Rosa County is ready to work for you.
Santa Rosa County offers numerous incentives to industries that relocate to Northwest Florida. Incentives range from tax exemptions and credits to loan programs, to workforce training and assistance through development permitting. But, what really sets Santa Rosa County apart, in terms of incentives, is its pricing guidelines program for publicly owned industrial property. This innovative, unique, and attractive incentive offers new and expanding industry discounted land, based on what you bring to our community (i.e. employment capacity, wages, company's performance, capital investment).
Land Pricing Guidelines
Pricing guidelines are in place to provide Santa Rosa County EDO with a rational, non-arbitrary, non-discriminating basis to determine a cost per acre for industrial publicly owned property within Santa Rosa County. The point system represents the discount from the base price as it relates to the economic impact the proposed business will have on the area. In some cases, the land can be free upon approval of the Board of County Commissioners.
Target Industry Cash Program
Cash incentives offered to expanding targeted industries or relocating targeted industries that generate 51% of their sales from outside the state of Florida. The incentive amount is based on the number of new positions anticipated in our region within a five-year period and the quality of that position (average wage). Funds are distributed on a yearly basis for up to five consecutive years at the end of each year. Payout ranges from $1,000 to $4,000 per employee.
Ad Valorem Tax Exemption
The Economic Development Ad Valorem Tax Exemption (EDATE) is a local option tax incentive for new or expanding businesses and is granted at the discretion of the Board of County Commissioners.
Triumph Gulf Coast
$1.5 billion in economic development enhancements have been directed to Northwest Florida, including Santa Rosa County. Triumph Gulf Coast funds are being used for public infrastructure, workforce training, and tax reduction. This represents an extraordinary opportunity for business expansion on the Gulf Coast.
State and local permit streamlining procedures are in place to assist businesses in obtaining necessary permits and approvals in a quick, efficient, and professional manner. Your project will be assigned to a project manager who will bring in all related parties for a pre-application meeting to ensure that your project will run as smoothly and quickly as possible.
Space Florida is uniquely empowered by the State of Florida with robust tools to aid companies in aerospace and related industries, including facility and equipment financing and utilization of statutory tax efficiencies to reduce short- and long-term capital costs.