Incentives
Long term profitability for all types of businesses
Collier County offers various incentives to eligible businesses relocating or expanding here and our incentives program is outlined below.
A $3,000 per job grant for companies that create at least five Target Industry jobs with wages meeting or exceeding corresponding Collier-specific averages for those industries. This incentive promotes job-growth opportunities through the expansion of existing and recruitment of new Qualified Target Industry companies. Payments are equally distributed over a four-year period after performance verification. The program is administered by the county manager or his/her designee. and award payments are subject to the availability of funds.
Provides a bonus incentive for those Targeted Industry companies that create at least 25 jobs with average wages of at least 150% of the County’s average. The incentive is divided into two tiers: Tier 1 companies creating at least 25 jobs with average wages of at least 150% of the County average may receive an incentive equal to 1% of payroll annually over four years for the new jobs created, while Tier 2 companies creating at least 25 jobs with an average wage of at least 200% of the County average wage may receive an incentive equal to 1.063% of total payroll annually over four years for the new jobs. The program is administered by the county manager, or his/her designee, and award payments are subject to the availability of funds.
An inducement grant providing a benefit equivalent of up to 100% of the value of the transportation impact fees paid for business space directly housing the occupancy of a target industry business. The aggregate annual amount of CID program funding will not exceed $500,000 annually unless authorized by the Board of County Commissioners. Stipulations include the employer offering and demonstrating the provision of at least 50 percent of the employee’s cost of health care coverage. The Grant is paid in four equal annual installments; initial payment occurs one year from Certificate of Occupancy. Annual certification of compliance is required. The county manager administers the program, or his/her designee, and award payments are subject to the availability of funds.
Florida offers bottom-line advantages for long term profitability for all types of businesses, from corporate headquarters to manufacturing plants to service firms. More information can be found here.
Industrial Development Revenue Bonds (IRDBs) are securities issued by the Collier County Industrial Development Authority, for the purpose of financing capital projects for companies. That debt is a liability of the respective company, not the local governmental agency.