Thinking about moving your business to Fort Lauderdale?

Thinking about moving your business to Fort Lauderdale?

BUSINESS ASSISTANCE & INCENTIVES 77
The advantages of doing business in Greater Fort
Lauderdale carry over to the personal side, where
individuals pay no state or local personal income
taxes, giving companies an added enticement in
recruiting technology specialists, and other talent.

TAX ADVANTAGES
A stable and highly favorable tax climate enhances
profitability for a wide variety of businesses
looking to grow and prosper in a Florida location.
Florida has . . .
• NO corporate income tax on limited partnerships
• NO corporate income tax on subchapter
S-corporations
• NO state personal income tax guaranteed by
constitutional provision
• NO corporate franchise tax on capital stock
• NO state-level property tax assessed
• NO property tax on business inventories
• NO property tax on goods-in-transit for up to
180 days
• NO sales and use tax on goods manufactured or
produced in Florida for export outside the state
• NO sales tax on purchases of raw materials
incorporated in a final product for resale, including
non-reusable containers or packaging
• NO sales/use tax on boiler fuels
• NO sales/use tax on co-generation of electricity

Florida Offers Sales and
Use Tax Exemptions On . . .
• Semiconductor, defense and space technology based
industry transactions involving
manufacturing or research equipment
• Purchases of machinery and equipment used by a
new or expanding Florida business to manufacture,
produce or process tangible personal property for sale
• Labor, parts and materials used in repair of and
incorporated into machinery and equipment that
qualify for sales tax exemption upon purchase
• Electricity used in the manufacturing process
• Aircraft parts, modification, maintenance and
repair, sale or lease of qualified aircraft
• Commercial space activity – launch vehicles,
payloads and fuel, machinery and equipment for
production of items used exclusively at Spaceport
Florida
• Labor component of research and development
expenditures
• Any facility, device, fixture, machinery or
equipment required for pollution control,
abatement or monitoring
of equipment used in
manufacturing processing or
compounding items for sale

Access to Capital
Florida provides business leaders easy access to
capital. Whether a business needs venture capital,
experienced commercial lenders, or access to
federal and state programs, Florida has full access
to capital resources.

Venture Capital
Venture capitalists can provide the funding
needed to jump-start a business. These venture
capital firms or angel investors are willing to
provide an entrepreneur with seed capital in the
hopes of gaining a substantial return when the
business takes off. Florida has an entrepreneurial
networking group called The Florida Venture
Forum that is a resource of proven value.
For more information, visit www.flventure.org.
Business Incubators/Accelerators
Emerging entrepreneurs can receive assistance
through results-driven business incubators such
as the Innovation Hub and Venture Formula at
Broward College campuses in Fort Lauderdale,
Financial assistance, streamlined regulatory processes, low taxes and
innovative and highly ranked workforce development support contribute
to Greater Fort Lauderdale’s business-friendly environment.
Greater Fort Lauderdale offers relocating and expanding
businesses a wide range of benefits

Office Space in Fort Lauderdale, FL

 

More information can be found on: https://www.gflalliance.org/clientuploads/Business%20Intelligence/Sourcebook%202017/Business%20Assistance%20%20Incentives.pdf

 

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