Enterprise Zone

Special Opportunity Incentives

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Channel District, Drew Park, East Tampa and Ybor City are designated CRA's located within the State Enterprise Zone.  Additional eligible areas within the Enterprise Zone are Palmetto Beach,  West Tampa, and Sulphur Springs.  The Enterprise Zone program offers financial incentives to businesses and property owners located in designated areas. These incentives are offered to encourage private investment in the zones as well as employment opportunities for the area’s residents. Such incentives include jobs tax credits, property tax credits, sales tax refund for building materials, machinery and equipment and the Community Contribution Tax Credit program. To download forms, go to www.floridaenterprisezone.com.

Florida offers an assortment of tax incentives to businesses that choose to create employment within an enterprise zone, which is a specific geographic area targeted for economic revitalization. These include a sales and use tax credit, tax refund for business machinery and equipment used in an enterprise zone, sales tax refund for building materials used in an Enterprise Zone, and a sales tax exemption for electrical energy used in an enterprise zone.

For more information about the Enterprise Zone Program, please call the Urban Development Department at 813-274-8091, or please visit  www.floridaenterprisezone.com..