Incentives

Quick Links:

• Local Incentives
• Volusia County Local Business Financial Support Reporting
• Sales and Corporate Income Tax Incentives
• Tax Exemptions
• IDA Bonds
• Business Grants

Business Growth Incentives

Thriving businesses are at the heart of healthy communities. So encouraging and supporting business creation and growth just makes sense. One way to foster business growth is through targeted, performance-based investments in job-creating companies. There are several incentive programs offered by state, county and municipal agencies.

Local Incentives

• Beautification and Downtown Improvements
• Brownfields Program
• CRA/ERA (property upgrade cost sharing)
• Capital Investment reimbursement
• Customized Packages
• Economic Opportunity Fund - Job Growth
• Expedited Permitting
• Grow Volusia Business Program (job creation)
• HUB ZONE
• Industrial Site Readiness
• Infrastructure Development/Improvement
• Impact Fee Assistance
• Municipal Job Growth Incentives
• Opportunity Zones
• Special Infrastructure Grant
• Speculative Building
• Targeted Industries
• Training and Hiring Expenses
• Water Quality Infrastructure Grant
• Zoning, Annexation Fee Reductions

View available local assistance and incentive programs.  

Volusia County Local Business Financial Support Reporting 

To view Volusia County's financial support of local businesses to the State, click this link and then choose "Volusia County" under the County option then select "All" under the status option. 

Sales and Corporate Income Tax Incentives

• Sales tax incentives
• Corporate income tax incentives

Tax Exemptions

Florida offers tax credits, refunds, and other incentives to promote business development and job creation.

• Machinery sales tax exemption
• Aviation tax exemptions
• Electric energy tax exemtion

Industrial Development Authority Bonds

If traditional financing is not an option or you are interested in learning about an alternative source of funding for your capital project, you may want to consider a bond.

The Volusia County Industrial Development Authority (IDA) was created for the purpose of reviewing and processing commercial/industrial projects submitted for tax-free revenue bond financing and re-financing as defined by, and in the manner provided by, the Florida Industrial Development Financing Act and by Sections 159.44-159.53 of Chapter 159 of the Florida Statutes. 

Projects submitted and accepted by the IDA are subject to the approval or disapproval of the County Council. Types of projects the IDA can issue bonds for include but are not limited to:

1. Educational facilities
2. Manufacturing facilities
3. Office buildings for use as corporate or company headquarters or regional offices
4. Health care institutions
5. Housing
6. Any facilities owned or operated by a 501(c) organization.

View this overview document which states the rules and benefits. If you would like to learn more about whether or not your project qualifies for consideration, please contact Director Lou Paris at 386-248-8048.

Business Grants

Small business grants are provided to business owners from both public and private sources. 

• Export Trade Grants - Select Florida offers a variety of trade grants through the Florida Export Diversification & Expansion program to help qualified companies start exporting for the first time or diversify into new overseas markets. 
• Grants.gov - Grants provided by the Federal government fund your ideas and projects to provide public services and stimulate the economy. Grants support critical recovery initiatives, innovative research, and many other programs listed in the Catalog of Federal Domestic Assistance.
• SBIR/STTR programs - ​​​​The U.S. Small Business Administration, Office of Investment and Innovation (OII) plays a substantial role in the Federal Lab-to-Market ecosystem, serving as the hub of the Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) programs. These highly competitive programs encourage domestic small businesses with the potential for commercialization to engage in Federal Research/Research and Development (R&D) and are an important resource for a wide-range of researchers, innovators, inventors, entrepreneurs, and startups working on big ideas.
• Office of Veterans Business Development (OVBD) - Devoted exclusively to promoting veteran entrepreneurship, the OVBD facilitates the use of all SBA programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors. SBA programs provide access to capital and preparation for small business opportunities and can also connect veteran small business owners with federal procurement and commercial supply chains.
• Private Organizations - Several private and non-profit organizations provide various types of grants to aid small businesses. The Volusia County Economic Development newsletter periodically includes grants found from various grant resource websites for small businesses to further research to determine their specific eligibility.