There are a number of financing and incentive options to help you grow your business. Here's a list of incentives you could qualify for.
Historic Preservation Tax Credits
The National Parks Service offers 10% and 20% tax credits on historic building rehab projects. To see if your project qualifies, visit the National Parks Service website.
Industrial and High Tech Tax Abatements
This gives incentives for businesses to invest in industrial or high tech projects.
Obsolete Property Tax Abatement
This gives an abatement on residential and commercial properties qualified as obsolete.
Personal Property Tax Abatement
We can abate all new personal property taxes on new businesses that create at least 25 jobs for up to 12 years. The City Commission determines abatement duration.
Tax-Exempt Industrial Revenue Bonds (IDRBs)
These loans can be made for manufacturing projects, not-for-profit corporation projects and solid or hazardous waste disposal facilities.
Tax Revenue Bonds
These bonds provide companies with potentially longer-term financing (10-20 years), at a fixed rate and lower cost than conventional financing. They can be used as working capital, to finance projects of more than $10 million, or to finance commercial, pollution control, agricultural, and recreational projects.
- To learn more, call or email us using the information in the Contact Us section of this page
Small Business Association (SBA) 504 Loans
The SBA 504 loan puts financing within reach for small businesses through low down payments and long-term, low, fixed interest rates. It also reduces the risk to lenders through a shared financing structure.
Processes Flow Charts
The following flow charts were created to help give you a glimpse of how each each exemption/ abatement process works. Use the information in the "Contact Us" section of this page if you have any questions regarding these processes.