Winter Garden Economic Development

The City of Winter Garden recognizes that relocating and expanding businesses have choices and opportunities throughout the county. Winter Garden has the resources to ensure your global competitiveness. Florida’s highly favorable tax climate provides advantages that make Winter Garden profitable for every type of business. Florida’s business-friendly tax codes rank 8th on the State Business Tax Climate Index (Tax Foundation, February 2006).

Florida has no income tax, no franchise tax on capital stock, no state-level property tax, no tax on business inventories, no tax on goods-in-transit for up to 180 days, no sales tax on goods manufactured or produced in Florida for export outside the state, no sales tax on purchases of raw materials incorporated in final product for resale, and no sales tax on co-generation of electricity.

Each week Metro Orlando produces:

103 New Businesses
$542 Million in Retail Sales
1,275 New Adult Residences
314 New Jobs
$689 Million in Total Buying Income

Source: Metro Orlando Economic Development Commission & Orlando Sentinel

INCENTIVES

The City of Winter Garden has the resources to be competitive offering state and local incentive packages. We will provide a customized package for companies that are interested in creating new opportunities and high-paying jobs for our economy.

NAME	REQUIREMENT	INCENTIVE TYPE	INCENTIVE AMOUNT	MATCHING FUNDS
Qualified Target Industry Tax Refund (QTI)	New or Expanding Business in targeted industry ( Life Sciences, Information Technology, Aviation/Aerospace, Homeland Security/Defense, Financial Services, Manufacturing) or corporate headquarters creation of jobs	Refund on corporate income, sales, ad valorem, intangible and personal property	$3,000 per net new Florida full-time job $6,000 in EZ (none in WG) 150% of annual wage add $1,000 per job 200% of annual wage add $2,000 per job Cap of $5m 25% of total refund may be taken in any single fiscal year	Local community where company locates must contribute 20% of total tax refund.
High Impact Performance Incentive Grant	New or Expanding Business in the following sectors – Biomedical technology, financial services, silicon technology, transportation equipment manufacturing and R&D facility Create at least 100 new jobs R& D create at least 75 new jobs within 3 years $100 million investment (R&D $75 m investment)	Grant	50% of eligible grant 50% once employment and capital goals are met
Qualified Defense Contractor Tax Refund	Conversion of defense jobs to civilian production Acquisition of a new defense contract Consolidation of a defense contract which resulted in 25% increase in FL employment or 80 jobs.	Refund on corporate income, sales, ad valorem, intangible and personal property	$5,000 per job created or saved	Local community where company locates must contribute 20% of total tax refund.
Capital Investment Tax Credit (CITC)	Projects designated high-impact portion of the biomedical technology, financial services, information technology, silicon technology and transportation equipment manufacturing. Create 100 jobs Minimum $25 m in capital cost	Annual Tax Credit for up to 20 years against the corporate income tax	5% of investment per year for 20 years.
Quick Response Training Incentives (QTI)	Provide existing businesses the training for expansion	Training Provider Reimbursable training expenses, instructors, curriculum devilment, textbooks, materials and supplies	First come, first served (annual appropriation)
Incumbent Worker Training Program (IWT)	Existing Businesses who have been in business at least one year	Grant	First come, first served (annual appropriation)
Economic Development Transportation Fund	New or expanding business, new jobs, infrastructure impact	Grants	$2 million for public transportation improvements
Brownfield Incentives	Located in designated brownfield area (CRA boundaries) Brownfield redevelopment and job creation – can be topped with QTI	Tax refunds	$2,500 for each job created	Local community where company locates must contribute 20% of total tax refund (locality may request waiver)

City of Winter Garden, 300 West Plant St., Winter Garden, FL 34787 Tel: 407-656-4111 PRIVACY POLICY

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