Economic Development Incentives Portal

Economic Development Incentives Portal

DEO continues its commitment to efficiency, accountability, and transparency with the Economic Development Incentives Portal, which provides unprecedented access to the performance measurements required in economic development incentive contracts and each company’s progress toward reaching their required job creation goals. This site contains details on every non-confidential Florida economic development incentive project with an executed contract.

A core principle of the state’s current economic development incentive program is that businesses are paid based on verified performance, meaning no tax dollars are paid until job creation or capital investment numbers are audited and confirmed. All incentive agreements have sanction and clawback provisions to help protect the state’s investment. While performance requirements are typically phased and met over multiple years, performance is measured and audited annually. Projects will be updated each July once their performance data has been audited and confirmed, as well as new non-confidential projects that will be added quarterly.

The Economic Development Incentives Portal is a collaborative effort between DEO and its economic development partner, Enterprise Florida, Inc. A public-private partnership, Enterprise Florida identifies companies for job creation in targeted growth industries in which incentives can be vital to securing the business recruitment or expansion opportunity.

ABOUT INCENTIVES

Florida competes globally to bring jobs to the state from companies that have other location options. Economic development incentives are components of a toolkit designed to address various business needs in a competitive environment. A competitive economic development project is one in which a business has identified multiple locations that can meet its needs. Incentives may be used to reduce costs associated with a site, facility, or equipment and can help facilitate the location of businesses in Florida. They are designed to promote job creation, job retention, and capital investment in Florida. For a more comprehensive and historical look at the success incentives have played in helping Florida families, please read the 2012 Annual Incentives Report.

View Types of Incentives Awards for more specific information on each incentive type.

WHAT’S INCLUDED IN THE PORTAL

The portal includes every non-confidential incentive project with an executed contract since 1996 that received or is on schedule to receive payments from the state of Florida. Projects that are confidential or approved but do not yet have an executed agreement and projects that have withdrawn or decided not to proceed with the incentive are not included. Confidential projects, as defined by Florida Statutes, will be included once their exemption from the state’s public record requirements has expired. Projects whose confidentiality expires will be added to the portal on a quarterly basis. Incentives relating to the Office of Film and Entertainment, Workforce Florida, Space Florida, and the Division of Community Development are not included in the portal.

View Guide to Understanding the Economic Development Incentives Portal for descriptions of keywords, fields, headers, and project status.

SEARCH THE ECONOMIC DEVELOPMENT INCENTIVES PORTAL

View economic development incentives by program, county, date and/or business.

NOTE: An economic development project may receive more than one incentive, depending on the needs of the project. Accordingly, aggregating job creation numbers across incentive programs will lead to incorrect calculations. Information in the portal about jobs created and capital investment relates to past performance from the most recently completed and confirmed annual measurement period. The information does not represent real-time activities.