Business Incentives

business-industry business-development, business-incentives, economic-development business-owners Companies interested in relocating or expanding in Miami-Dade County can qualify for tax incentive programs in economic development areas. Areas within Miami-Dade County have been designated as having economic development priority. Companies interested in relocating or expanding in Miami-Dade County have attractive local and state tax incentive programs available to them depending on these priority areas. <ul> <li><a href="https://mdc.maps.arcgis.com/apps/webappviewer/index.html?id=cf389278a2bc4db097a6cb7a8b87c74f" target="_blank" rel="noopener">Search the Business Incentives map</a> to find targeted economic development areas</li> <li><a href="/global/management/grants-resources.page">Access Grant resources</a></li> </ul> noFee /resources/images/departments/economy/business-Incentives-skyline-1.jpg

Custom Economic Development Fund The Economic Development Fund, funded from the voter-approved <a href="/global/management/building-better-communities.page">Building Better Communities</a> General Obligation Bond, allots $75 million for countywide projects focused on game-changing business expansions in five strategic areas, while another $15 million is aimed at targeted urban areas and empowerment zones. The goal is to attract major new businesses and create high-impact jobs. Up to $15 million per project can be reimbursed to fund public infrastructure improvements -- like road construction and water and sewer lines, among others -- as long as the project is consistent with the program's intended goals. The five strategic areas include: <ul> <li>The Opa-locka Executive Airport area</li> <li>The Civic Center/Medical District</li> <li>PortMiami</li> <li>The Kendall-Tamiami Executive Airport area</li> <li>Homestead Air Reserve Base</li> </ul> Industries sought include <ul> <li>Aviation and aerospace</li> <li>Financial and professional services</li> <li>Homeland security and defense</li> <li>Information technology</li> <li>Life sciences</li> <li>International trade and global commerce</li> </ul> Eligible projects in each targeted urban area or empowerment zone are reimbursable up to $3 million. <ul> <li><a href="https://mdc.maps.arcgis.com/apps/webappviewer/index.html?id=cf389278a2bc4db097a6cb7a8b87c74f" target="_blank" rel="noopener">Search the Business Incentives map</a> to see if a property is in a targeted urban area or empowerment zone</li> </ul> Read more about each targeted urban area (TUA) and empowerment zone: <ul> <li><a href="/resources/economy/business-incentives/documents/map-carol-city-tua.pdf" target="_blank" rel="noopener">Carol City TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-central-empowerment-zone.pdf" target="_blank" rel="noopener">Central Empowerment Zone</a></li> <li><a href="/resources/economy/business-incentives/documents/map-coconut-grove-tua.pdf" target="_blank" rel="noopener">Coconut Grove TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-florida-city-tua.pdf" target="_blank" rel="noopener">Florida City TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-goulds-tua.pdf" target="_blank" rel="noopener">Goulds TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-homestead-tua.pdf" target="_blank" rel="noopener">Homestead TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-leisure-city-tua.pdf" target="_blank" rel="noopener">Leisure City TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-liberty-city-tua.pdf" target="_blank" rel="noopener">Liberty City TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-little-haiti-tua.pdf" target="_blank" rel="noopener">Little Haiti TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-model-city-brownsville-tua.pdf" target="_blank" rel="noopener">Model City Brownsville TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-naranja-tua.pdf" target="_blank" rel="noopener">Naranja TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-north-dade-empowerment-zone.pdf" target="_blank" rel="noopener">North Dade Empowerment Zone</a></li> <li><a href="/resources/economy/business-incentives/documents/map-tua-corridor-north-miami-7-ave.pdf" target="_blank" rel="noopener">North Miami 7th Avenue Corridor TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-tua-corridor-north-miami-biscayne-blvd.pdf" target="_blank" rel="noopener">North Miami Biscayne Boulevard Corridor TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-north-miami-downtown-tua-corridor.pdf" target="_blank" rel="noopener">North Miami Downtown Corridor TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-tua-corridor-north-miami-west-dixie.pdf" target="_blank" rel="noopener">North Miami West Dixie Highway Corridor TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-tua-corridor-27-ave.pdf" target="_blank" rel="noopener">NW 27th Avenue Corridor TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-tua-corridor-nw-183-st.pdf" target="_blank" rel="noopener">NW 183rd St Corridor TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-opa-locka-tua.pdf" target="_blank" rel="noopener">Opa-locka TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-overtown-tua.pdf" target="_blank" rel="noopener">Overtown TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-perrine-tua.pdf" target="_blank" rel="noopener">Perrine TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-princeton-tua.pdf" target="_blank" rel="noopener">Princeton TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-richmond-heights-tua.pdf" target="_blank" rel="noopener">Richmond Heights TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-south-dade-empowerment-zone.pdf" target="_blank" rel="noopener">South Dade Empowerment Zone</a></li> <li><a href="/resources/economy/business-incentives/documents/map-south-miami-tua.pdf" target="_blank" rel="noopener">South Miami TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-west-little-river-tua.pdf" target="_blank" rel="noopener">West Little River TUA</a></li> <li><a href="/resources/economy/business-incentives/documents/map-all-tua.pdf" target="_blank" rel="noopener">All Targeted Urban Areas</a></li> </ul> Before submitting an <a href="/resources/economy/business-incentives/documents/economic-development-fund-form.pdf" target="_blank" rel="noopener">Economic Development Fund application</a>, please call Freenette D. Williams at 305-375-2883.

Custom Brownfields Program <a href="/global/environment/code-compliance/brownfields.page">Brownfields</a> are government-designated sites that are generally abandoned, idled or underused industrial and commercial properties where expansion or redevelopment is complicated by actual or perceived environmental contamination. The <a href="https://floridadep.gov/waste/waste-cleanup/content/brownfields-program" target="_blank" rel="noopener">Florida Brownfields Redevelopment Program</a> provides up to $2,500 per job created in a Brownfield area. Economic incentives, tax credits, low-interest loans, and waiver of contamination assessment report review fees are some of the resources available to redevelopers who clean up and develop contaminated sites in brownfield areas. Businesses seeking funding to start a new business or expand an existing one within a brownfield area may be eligible for financial assistance. Miami-Dade County administers the program locally on behalf of the state. <ul> <li><a href="https://mdc.maps.arcgis.com/apps/webappviewer/index.html?id=cf389278a2bc4db097a6cb7a8b87c74f" target="_blank" rel="noopener">Search the Business Incentives map</a> to find Brownfield areas</li> <li><a href="/resources/economy/business-incentives/documents/brownfield-designation-application.pdf" target="_blank" rel="noopener">Brownfield Designation application</a></li> <li><a href="https://selectflorida.org/wp-content/uploads/incentive-brownfield-redevelopment-bonus-tax-refund.pdf" target="_blank" rel="noopener">Brownfield Redevelopment Bonus Tax Refund</a></li> <li><a href="/resources/economy/business-incentives/documents/brownfield-redev-bonus-attachment.docx" target="_blank" rel="noopener">Brownfield Redevelopment Bonus Tax Refund form</a></li> </ul> For more information, call Freenette D. Williams at 305-375-2883 or call 305-375-1254 and ask for a Brownfield representative.

Custom Targeted Jobs Incentive Fund The Targeted Jobs Incentive Fund (TJIF) offers cash incentives for existing Miami-Dade companies in select industries undertaking a business expansion that creates at least 10 new above-average paying jobs and makes a capital investment of at least $3 million. Disbursements of incentive awards occur after capital investments are made, jobs are created and retained over a specified time period (usually six years), and after paying County property taxes. New business establishments in Miami-Dade and companies considering relocating to the county are eligible, except for companies relocating their operations from Monroe, Broward or Palm Beach counties. But companies from these counties may be eligible for a TJIF award if the company plans to relocate outside South Florida and may be solicited by The Beacon Council in an effort to retain the business in South Florida. Businesses that expand or relocate within the boundaries of the Enterprise Zone, Targeted Urban Areas, Brownfield areas and Community Development Block Grant eligible areas are eligible for an additional incentive amount. <ul> <li><a href="https://mdc.maps.arcgis.com/apps/webappviewer/index.html?id=cf389278a2bc4db097a6cb7a8b87c74f" target="_blank" rel="noopener">Search the Business Incentives map</a> to find targeted economic zones</li> <li><a href="/resources/economy/business-incentives/documents/targeted-jobs-application.pdf" target="_blank" rel="noopener">Targeted Jobs Incentive Fund information and application</a></li> </ul>

Custom Urban Jobs Tax Credit Program Businesses can earn up to a $1,000 tax credit per for new businesses with a minimum of 20 regular and full-time jobs and existing businesses with a minimum of 10 regular and full-time new jobs. See maps of the different Urban Job Tax Credit Program areas: <ul> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-carol-city.pdf" target="_blank" rel="noopener">Carol City</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-cutler-ridge-perrine.pdf" target="_blank" rel="noopener">Cutler Ridge / Perrine</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-goulds.pdf" target="_blank" rel="noopener">Goulds</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-hialeah.pdf" target="_blank" rel="noopener">Hialeah</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-homestead-florida-city.pdf" target="_blank" rel="noopener">Homestead / Florida City</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-leisure-city.pdf" target="_blank" rel="noopener">Leisure City</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-miami.pdf" target="_blank" rel="noopener">Miami</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-naranja.pdf" target="_blank" rel="noopener">Naranja</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-north-miami-dade.pdf" target="_blank" rel="noopener">North-Miami Dade</a></li> <li><a href="/resources/economy/business-incentives/documents/map-urban-job-opa-locka.pdf" target="_blank" rel="noopener">Opa-locka</a></li> </ul>

Custom Economic Development Incentives Report Local governments and economic development agencies, acting on behalf of local government, must report information on their budgets, activities, programs and results each fiscal year. The <a href="/resources/economy/business-incentives/documents/2018-19-beacon-council-incentives-survey.pdf" target="_blank" rel="noopener">2018-19 report</a> from the County's economic development partner, The Miami-Dade Beacon Council, detail how funds from a surcharge on local business taxes were spent and the outcome of Beacon Council economic development efforts.

Custom Miami-Dade County Relocation and Expansion Incentive Program (REIP) The Miami-Dade Relocation and Expansion Incentives Program (REIP) benefits expanding businesses or new-to-market businesses that will hire a minimum of 50 new employees in Miami-Dade County within a five-year period. All new jobs must pay an average annual wage at least equal to 150 percent of the average wages in Miami-Dade County or the state of Florida. If eligible, a qualifying company can receive a tax credit of $1,000 per new job. The applicant may be eligible for an additional credit of $125 per new job if any new hires received a degree from a public university, private university or technical school located within Miami-Dade County and graduated within three years of the hire date; and an additional credit of $125 per new job if any new hires were previously unemployed, a returning citizen or employed below the living wage rate immediately preceding employment with company. <ul> <li><a href="/resources/economy/business-incentives/documents/reip-application-2024.pdf" target="_blank" rel="noopener">REIP Application</a></li> </ul>

online-serviceBusiness Incentives GIS Maphttps://mdc.maps.arcgis.com/apps/webappviewer/index.html?id=cf389278a2bc4db097a6cb7a8b87c74f true James C. Kohnstamm – Director, Economic Development 786-960-1669 [email protected] [email protected] [email protected] [email protected]

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