Metro Orlando offers attractive incentives to qualified relocating and expanding companies. This business assistance is provided based on each organization’s particular needs including, but not limited to:

• Job creation
• Wage levels
• Capital investments

Orange County’s Economic Stimulus Package 2.0 awarded a total of $2.17 million to 30 projects, with 58 percent of the funding earmarked for seven University of Central Florida (UCF) projects. The intent is the creation of new incentives for projects—from initial development or research to commercialization—to make Orange County more competitive in the national and global marketplace. The partnership for funding and grants between the county and UCF will provide more than $1.26 million to UCF for projects and programs, including the construction of a state-of-the-art Biotech Research Greenhouse.

State incentives include the Capital Investment Tax Credit (CITC), which is an annual credit against an approved project’s Florida corporate income tax for up to 20 years. Eligible projects are those in designated, high-impact sectors (such as biotechnology, silicon technology, biocertain transportation equipment manufacturing or certain information technology facilities) that create at least 100 jobs and invest at least $25 million in eligible capital costs.

For more information, please visit the "Incentives" section under Data Center, which provides a general overview of incentives offered to high tech companies within Metro Orlando.