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The future growth and long term prosperity of Miami-Dade County's economy are inextricably tied to securing new job opportunities for our community. The principal economic development agencies in Miami-Dade County, together with County government, play an enormous role impacting our economic growth. Our public-private partnership is essential to our collective efforts to strengthen our economy and create job opportunities for our residents.
Areas within Miami-Dade 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.
Economic Development Fund
This Economic Development Fund, funded from the voter-approved Building Better Communities general obligation bond, allots $75 million for countywide projects, while the other $15 million is aimed at targeted urban areas.
The County's plans for the $75 million include projects designed to promote major, game-changing business expansions anywhere in Miami-Dade County.
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 in Miami-Dade County.
Businesses seeking funding to start a new business or expand an existing one within a brownfield area may be eligible for financial assistance.
Qualified Target Industry (QTI) Tax Refund
This State of Florida incentive is available for companies that create high wage jobs in targeted high value-added industries and may provide the company with a tax refund of up to $3,000 per new job created. This program is funded by the State of Florida (80%) and Miami-Dade County (20%).
Miami-Dade County Targeted Jobs Incentive Fund (TJIF)
This initiative seeks to retain existing businesses and to encourage Business expansion by providing cash incentive awards. It provides up to $3,000 per new job created and $9,000 in an Enterprise Zone.
Urban Jobs Tax Credit Program
This program provides up to $1,000 tax credit per job for new businesses with a minimum of 20 new jobs and for existing businesses with a minimum of 10 new jobs, which are regular and full-time (36 hours or more per week).
Economic Development Incentives Report
Legislation enacted during the 2010 regular session requires local governments and economic development agencies, acting on behalf of local government, to report information on their budgets, activities/programs and results for the 2009-2010 fiscal year.
Grants and Assistance Programs
Local and state grants and business assistance programs exist to help businesses succeed.Back to Top Page Last Edited: Wed Mar 23, 2016 9:40:35 AM
Business Incentives Map
Search Miami-Dade County's GIS Map to look for Business Incentives such as Enterprise Zone areas and much more.
Additional Incentives and Resources
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