Florida Tax Incentives

What to do when the Affordable Care Act Impacts Case Settlements:
The Benefits of an Accessibility-Focused Case Evaluation

A White Paper by Michael Fiore

One of the likely unintended consequences of the Affordable Care Act is that Special Need Trusts may be impacted due to settlement criteria that can be based on past, present, and future medical needs.

Read the White Paper

Teleseminars on Disability, Diversity, and the Changing Workforce. One hour of learning that can change the way that you think.

Tech Update: Read an article about the implications of 32-bit and 64-bit processors for Assistive Technology Solutions.

Looking for qualified candidates with disabilities?

recruitdisability.org
A Job Board for job seekers with disabilities and the businesses looking to hire them.

Florida Tax Incentives


Able Trust

The Florida Able Trust, also known as the Florida Governor's Alliance for the Employment of Citizens with Disabilities, is a 501(c)(3) public-private partnership foundation established by the Florida Legislature in 1990. Its mission is to be the leader in providing Floridians with disabilities fair employment opportunities through fundraising, grant programs, public awareness and education. Since its establishment, The Able Trust has awarded over $19 million to individuals with disabilities and nonprofit agencies throughout Florida for employment-related purposes. Its programs have enabled approximately 2,000 Florida citizens with disabilities to enter the workforce each year.

General Employment Placement Grant Instructions PDF


General Employment Placement Grant Instructions DOCX

Go to Top

Black Business Loan Program

The Black Business Loan Program provides loans, loan guarantees, or investments through Loan Administrators to black business enterprises that cannot otherwise obtain capital through conventional lending institutions, but who could otherwise compete successfully in the private sector.

An Afro-American business owner can start a business and employ workers with disabilities using the proceeds from these loans.

Go to Top

Chamber of Commerce

The Florida Chamber of Commerce is the state's most powerful federation of employers, chambers of commerce and associations, representing more than 139,000 grassroots members with more than 3 million employees. The Florida Chamber unites Florida's business community with its powerful combination of legislative, grassroots, and political tools.

Go to Top

Enterprise Florida Inc.

Enterprise Florida Inc. (EFI) is a public-private partnership serving as Florida’s primary organization devoted to statewide economic development. EFI's mission is to diversify Florida's economy and create better-paying jobs for its citizens by supporting, attracting and helping to create businesses in innovative, high-growth industries.

 Go to Top

Financial Incentives for Florida Businesses

This web site has general information on the various tax credits and other types of incentives available to Florida businesses. Many of these programs are relevant to job creation. They can be used as incentives for employers to create new jobs, some of which could be occupied by workers with disabilities.

Go to Top

Florida First Capital Finance Corporation (FFCFC)

FFCFC is a state-supported Certified Development Corporation that provides eligible small businesses with long-term fixed-asset financing through the Small Business Administration 504 Loan Program and other loan programs.

The financing obtained through this corporation can be used to purchase ADA compliant property or Assistive Technology that would enable a disabled employee to be more productive. More information on the SBA 504 Small Business Loans.

Go to Top

Florida's Microfinance Programs

This web page focuses on 2 programs that give small businesses in Florida access to credit. They are the Microfinance Loan Program and the Microfinance Guarantee Program.

Microfinance Loan Program Brochure PDF


Microfinance Loan Program Fact Sheet PDF

Go to Top

Florida New Markets Development Program

The New Markets Development Program was established to encourage capital investment in rural and urban low-income communities by allowing taxpayers to earn credits against specified taxes by investing in qualified community development entities that make qualified low-income community investments in qualified active low-income community businesses to create and retain jobs.

Some of the jobs created or retained through this program could be occupied by workers with disabilities.

Go to Top

High Impact Performance Incentive Grant

The High Impact Performance Incentive Grant is a negotiated grant used to attract and grow major high impact facilities in Florida. Grants are provided to pre-approved applicants in certain high-impact sectors designated by the Governor's Office of Tourism, Trade and Economic Development.

In order to participate in the program, the project must:

  • Operate within designated high-impact portions of the following sectors- clean energy, corporate headquarters, financial services, life sciences, semiconductors, and transportation equipment manufacturing
  • Create at least 50 new full-time equivalent jobs (if a R&D facility, create at least 25 new full-time equivalent jobs) in Florida in a three-year period
  • Make a cumulative investment in the state of at least $50 million (if a R&D facility, make a cumulative investment of at least $25 million) in a three-year period

More job prospects for knowledgeable employees with disabilities can be part of the growth spurred on by these grants.

Go to Top

Incumbent Worker Training Grants

This business-driven grant program is flexible to meet training objectives and specifically designed to support small businesses. Public, private or in-house training providers may be used based on the type of training needed.

With this program, an employee with a disability can receive a skills upgrade allowing for further achievement in his/her field of employment.

Incumbent Worker Training Program Guidelines PDF


Incumbent Worker Training Program Sample Application PDF

Go to Top

New Horizon Loan Program

https://www.faast.org/about/new-horizon-loan-program

Go to Top

Quick Response Training

New businesses or those relocating to or expanding in Florida may be eligible for grant dollars to help pay for training new employees. The workers that benefit from this training could be ones with disabilities who require some vocational instruction to secure employment.

https://careersourceflorida.com/business-services/training-grants/

Fiscal Agent Post-Training Certification of Completion and Evaluation

Company Post-Training Certification of Completion and Evaluation

Trainee List Submission

Go to Top

Rural Job Tax Credit Program

The Rural Job Tax Credit Program offers an incentive for eligible businesses located within one of 36 designated Qualified Rural Areas to create new jobs. The tax credit ranges from $1,000 to $1,500 per qualified employee and can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax. The credit can only be taken against one of these two taxes. These tax credits are provided to encourage meaningful employment opportunities that will improve the quality of life of those employed and to encourage economic expansion of new and existing businesses in rural areas of Florida.

The employment opportunities that are generated as a result of this tax provision can benefit job seekers with disabilities.

Rural Job Tax Credit Program Application for Eligibility PDF

Go to Top

State Small Business Credit Initiative

The State Small Business Credit Initiative is a federal initiative that encourages states to establish or strengthen state programs that support lending to small businesses. States can use State Small Business Credit Initiative funds for programs that leverage private lending to help finance small businesses that are creditworthy, but are not getting the loans they need to expand and create jobs.

Go to Top

Urban Job Tax Credit Program

The Urban Job Tax Credit Program offers an incentive for eligible businesses located within one of the 13 designated urban areas to create new jobs. The credit ranges from $500 to $2,000 per qualified job and can be taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax. The credit can only be taken against one of these two taxes. These tax credits are provided to encourage meaningful employment opportunities that will improve the quality of life of those employed and to encourage economic expansion of new and existing businesses in urban areas of Florida.

Job seekers looking for work in these designated areas will benefit from the employment opportunities created by this program.

Urban Job Tax Credit Program Application for Eligibility PDF

Go to Top

Vocational Rehabilitation

The Florida Division of Vocational Rehabilitation (VR). VR helps adults with various disabilities obtain and keep gainful employment. To help achieve this goal, services, like accessibility assessments and ADA consultations, are offered to employers without any obligation to hire a person with a disability. This web site also has information and links to programs that would be beneficial to an employer seeking to hire a person with a disability. Find the VR office in your area.

DVR offers training and education at no cost to employers who hire DVR clients. DVR services for employers.

Go to Top


FACEBOOK

Find Us on Facebook Logo

Follow Us on Facebook