Alachua County Industrial Revenue Bonds
- Bond financing to encourage industry and businesses locate in Alachua County.
- Projects to be considered for financing in addition to machinery, fixtures, equipment and any rehabilitation or addition to any building or structure , are set forth on the Florida Industrial Development Financing Act.
Community Redevelopment Agencies (CRAs)
Accomplish community reinvestment projects in partnership with existing and new developments in the CRA districts.
Operates in four community redevelopment areas: Eastside, Fifth Avenue/Pleasant Street, Downtown and College Park/University Heights. The following programs are available to businesses currently located in (or relocating into) one of the CRA districts:
- High-Wage Job Incentive Program
- Company Relocation Incentive Program
- Grow Gainesville Fund
- Capital Access Program (CAP)
- Façade Improvement Incentive Program
- Redevelopment Incentive Program
- Transformational Projects Incentive Program
- Business Development Assistance
- Gainesville CRA
- 802 NW 5th Ave, Suite 200
- Gainesville, FL
Enterprise Zone Tax Savings
- Area in the City of Gainesville that has been targeted for economic revitalization by the State of Florida, offering financial incentives to businesses and property owners to encourage private investment and increase employment opportunities.
- Companies can receive credits on their state sales tax, corporate income tax and property tax. In addition, local incentives include a 50% discount on building permits, development fees and occupational licenses.
City of Newberry
Primary Objectives: To provide necessary tools to support economic development to assist in the attraction and retention of high-quality development in the city of Newberry.
- AD VALOREM TAX (PROPERTY) TAX ABATEMENT: New or expanding businesses that qualify as a state “targeted industry” may receive an annual rebate of up to 100% of City property taxes for up to 10-years (negotiated terms based on # of new jobs created, wage rates, and capital investment)
- DEVELOPMENT FEE REFUND: Qualifying commercial development may receive a refund of up to 100 % of the first $10,000 in development related fee. Development fees may be refunded to a total of $30,000 for ANY new or expanding commercial building (Resolution 2020-29)
- IMPACT FEE WAIVER: New and expanding businesses that meet the criteria (stated in Resolution 2023-48), may receive a maximum credit of $3000 per New Job.
- COMMUNITY REDEVELOPMENT AGENCY (CRA) ASSISTANCE: If developing/redeveloping within the Newberry Community Redevelopment Agency (CRA), may qualify for additional funding assistance
- ELECTRIC RATE INCETIVE- If large commercial user in the city electric grid.
