Introduction to Incentives. For more information - Click here
The City of Deltona Economic Development Office serves to coordinate grant and incentive applications to State and Federal agencies on behalf of Deltona businesses. The following list of incentives identifies only the major incentive opportunities that currently exist for local businesses.
State of Florida Incentive Programs
Capital Investment Tax Credit -Provides annual corporate income tax credits to eligible high-impact sector businesses equal to 5 percent of the eligible capital costs of a new or expanding Florida facility.
CDBG Infrastructure Grants -The Florida Department of Community Affairs administers the Community Development Block Grant (CDBG) Program. The CDBG program currently provides $12 million to provide infrastructure to new or expanding businesses.
Florida Energy Loan Program -The program provides low-interest loans to small businesses to purchase and install energy-efficient equipment or otherwise improve a facility's energy efficiency.
High Impact Business Performance Grant -This is an incentive used to attract and grow high-impact businesses in Florida. For example, a qualified high-impact business making a cumulative investment of $100 million and creating 100 jobs may be eligible for a total grant award of $1 million to $2 million. A qualified company engaged in R&D that makes a cumulative investment of $75 million and creates 75 new jobs may be eligible for a total grant award of $2 million to $3 million.
Qualified Defense Contractor Tax Refund Program -The refund provides up to $5,000 per job created or saved in Florida through conversion of defense jobs to civilian production. Also qualifying are the acquisition of a new defense contract or the consolidation of a defense contract that results in at least a 25 percent increase in Florida employment or a minimum of 80 jobs.
Qualified Target Industry Tax Refund Program -This program provides tax refunds to pre-approved applicants of up to $5,000 per new job created.
Quick Response Training Program -Working with community colleges, vocational/ technical centers, state universities and other institutions, the program provides start-up training tailored to a company's needs.
Sales Tax Exemption on Aircraft Parts, Repair and Maintenance -Creates a sales tax exemption for replacement engines, parts and equipment used in the repair and maintenance of eligible aircraft. Also provides a sales tax exemption for the sale or lease of qualified aircraft.
Sales Tax Exemption on Manufacturing Machinery and Equipment -Allows for the purchase of certain manufacturing machinery and equipment to qualify for an exemption from paying the state sales/use tax.
Sales Tax Refund on Manufacturing or Research Equipment -Transforms an existing sales tax refund program for silicon technology machinery into a direct and recurring exemption.
Small Business Technology Growth Fund -Creates a new program to provide financial assistance (loan guarantees, letters of credit) to Florida businesses with emerging technological potential and fewer than 100 employees.