|If you are considering Factory Relocation for your manufacturing business, you will want to explore the great incentives that many Economic Development Agencies offer to expand or relocate. We realize that Factory Relocation involves an enormous commitment and expense, but we can help with obtaining tax abatement, grants and other incentives to help you fund your decision. With many manufacturing jobs going overseas, local counties and municipalities are bringing more competition to the landscape of relocation and expansion, the key is to leverage this in a timely fashion.
We are not the commercial real estate agent who will help you negotiate the purchase or lease of property, but rather serve as your consultant to obtain local EDC incentives. Our work will be in parallel to your realtor and will compliment his or her efforts on your behalf. The key is to get started on this effort early on. If you sign a lease or make a public announcement, then you have made your decision without support or incentives from local government.
Tax exemptions for the building and procured capital items are basic incentives available here in Florida. Incentives also include workforce training, sales tax abatement on electricity (defense related), and State hiring incentives. When you need to consider a new home for your manufacturing business, we understand Factory Relocation and how to navigate the process. We can better prepare your business for expansion through the programs and tax incentives that are available and handle all the paperwork.
The key is to get this process started BEFORE you select the site. Typically it takes about 90 days to get through the process and approvals, so please get us involved early.
County and City Incentives (varies depending on locale)
Economic Development AD VALOREM Tax Exemption
State of Florida Incentives
Capital Investment Tax Credit (CITC)
Economic Development Transportation Fund
High Impact Performance Incentive Grant (HIPI)
Incumbent Worker Training Program (IWT)
Jobs for the Unemployed Tax Credit Program (JUTC)
Qualified Defense & Space Contractor Tax Refund (QDSC)
Qualified Target Industry Tax Refund (QTI)
Quick Response Training Program (QRT)
Foreign Trade Zones
Our CVG Strategy experts understand the relocation and expansion process and are prepared to share this experience with you, when needed. Please, contact us BEFORE you sign a lease or purchase agreement.
Click here to download the Melbourne AVT Tax Abatement Chart