Enterprise Zone InformationApproximately twenty square miles of Gadsden County is contained in an Enterprise Zone. An Enterprise Zone is a specific geographic area targeted for economic growth and revitalization. Investments in distressed areas are encouraged by offering tax advantages and incentives to businesses locating within the zone boundaries. One of the goals of the Gadsden County Chamber of Commerce Economic Development Council is to maximize these benefits to new and existing businesses in Gadsden County. Enterprise Zone Maps by CityChattahoochee Greensboro Gretna Havana Midway Quincy Enterprise Zone FAQQ. What is an Enterprise Zone?
A. An Enterprise Zone is a geographical area targeted for economic revitalization. Q. Who may benefit from an Enterprise Zone?
A. A new business locating in the Enterprise Zone; an existing business in the Enterprise Zone that is expanding in jobs, equipment, or square footage; or, a residence in the Enterprise Zone that is being rehabilitated. Q. Is it worth my time?
A. Yes. See tax credit and refund incentives listed below. Incentive 1 - Jobs Credit - Rural Enterprise Zones
To claim this credit your business must:
• collect and remit Florida Sales and Use Tax, or
• pay Florida corporate income tax; and,
• must be located within a Rural Enterprise Zone.
Incentive 2 - Business Equipment Sales Tax Refund - Rural Enterprise Zone
Allows a state sales tax refund on equipment that costs $5,000 per unit, if this equipment is to be used exclusively in an Enterprise Zone for at least three years. Incentive 3 - Building Materials Sales Tax Refund - Rural Enterprise Zone
Allows a state sales tax refund on building materials purchased for new construction or the renovation of existing buildings and residences in an Enterprise Zone. 97 percent of the 6 percent state sales tax is refundable. Incentive 4 - Property Tax Credit - Rural Enterprise Zone (Corporate Income Tax)
Allows a corporate tax credit to a corporation that establishes five or more jobs, when it builds, rebuilds, or expands its business in the Enterprise Zone. Credit on income tax equal to 96 percent of ad valorem taxes paid on new or improved property. Incentive 5 - Property Tax Exemption for Child Care Facilities
Allows real estate used and owned as a childcare facility in an Enterprise Zone an exemption from ad valorem property tax. Incentive 6 - Community Contribution Tax Credit
Business located anywhere in Florida that make donations to approved community development projects may receive a tax credit equal to 50 percent of the value of the donation. Incentive 7 - Rural Job Tax Credit Program
A rural job tax credit is an incentive for eligible businesses located within one of the thirty-seven designated qualified rural areas to create new jobs. It is credited against corporate income tax or sales and use tax. Incentive 8 - Rural Enterprise Zone Jobs Tax Credit
For up to 24 months; credited against corporate income tax or sales and use tax Incentive 9 - Qualified Target Industry Tax Refund
Cash tax refund over a minimum of four years; requires local match of 20 percent of amount of award. County will request to waive required 20 percent.
Commerce and Industrial ParksNorth Central Gadsden CountyCity of Quincy Business Park
190 Corporate Court
Quincy, Florida 32351-8002 Site Specifications
• 2+ acres
• 30 lots
• Light Industrial/Heavy Commercial
• Available Utilities
• Rural Enterprise Zone Current Tenants
• All-Tech
• Big Bend Rebar
• National Guard Armory
• Super-Valu Holding, Inc. Gretna Industrial Park
Dritches Street (2 miles north of I-10 on Hwy 12)
Gretna, Florida 32332 Site Specifications
• 2+ acres
• 12 lots
• Light Industrial/Commercial
• Available Utilities
• Rural Enterprise Zone Current Tenants
• CDS Manufacturing, Inc.
• Florida/Georgia Tomato
• Hanson Pipe & Products Southside Business Park
High Bridge Road (2 miles south of US Hwy 90)
Quincy, Florida 32351 Site Specifications
• 200,000 total square feet
• 2 to 20 acres
• Light Industrial/Commercial/Office
• City of Quincy Utilities
• Rural Enterprise Zone Current Tenants
• B-Franz Bus Charters
• Con-Tech Services
•Faith Home Health
• Gadsden Association Rehab Center
• LEEP, Inc.
• North Florida Vault and Septic
• Specialty Chemicals Southeast Gadsden CountyGadsden 10/90 Commerce Park
1335 Commerce Boulevard (I-10 & US Hwy 90)
Midway, Florida 32343-6627 Site Specifications
• 700 acres
• 2 to 25 acre lots
• Light Industrial/Commercial/Warehouse
• Available Utilities
• Rural Enterprise Zone Current Tenants
• Ajax Building Corporation
• Cook Brothers General Contractors
• Dixie Paving
• E&B Heating and Air Conditioning
• Excel Millworks and Moulding
• Florida Department of Transportation
• Frito-Lay
• Kauffman Tires
• Mac Papers
• Marty Ard Landscaping
• Ram Construction
• WTLH Fox 49 & CW
• WTXL ABC 27 HD Hammock Creek Commerce Park
River Birch Road (off US HWY 90, near I-10)
Midway, Florida 32343 Site Specifications
• 300 acres
• 2 to 50 acre lots
• Light Industrial/Commercial
• Available Utilities
• Rural Enterprise Zone Current Tenants
• Tri-Eagle Sales Contact the Gadsden County Chamber of Commerce via email for additional information about the commerce and industrial parks located in Gadsden County. Infrastructure GrantsEconomic Development Transportation Fund - Grant to local government for transportation improvements on behalf of business for improvements to site.
Sales Tax ExemptionsManufacturing Machinery and Equipment Sales Tax Exemption - Purchases of machinery and equipment used to manufacture tangible personal property for sale in Florida. Electricity and Steam Sales Tax Exemption - Applies to electricity used for manufacturing operations at applicable facility. Workforce Training AssistanceQuick Response Training - Grant funding for reimbursement of customized training costs for new employees. Incumbent Worker Training - Grant funding for reimbursement of training costs for existing employees.
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