Opportunity Florida - Economic Development in Northwest Florida

HIGH IMPACT PERFORMANCE INCENTIVE GRANT
(Application Form)
(General Project Overview Form)

Two sectors are designated as high impact--Silicon Technology and Transportation Equipment Manufacturing (SICs 372, 376 and 3711).

Guidelines on the amount of grant to be given to an eligible high impact business:

If the high impact business makes a cumulative investment of $100 million and creates 100 jobs, it may be eligible for a total grant award of $1 to $2 million;
If the business makes a cumulative investment of $800 million and creates 800 jobs, it may be eligible for a total grant award of $10 to $12 million.
Similarly, for a qualified high impact business engaged in research and development:

If the business makes a cumulative investment of $75 million and creates 75 jobs, it may be eligible for a total grant award of $2 to $3 million;
If the business makes a cumulative investment of $150 million and creates 150 jobs, it may be eligible for a total grant award of $3.5 million to $4.5 million.

Type of Facility	Jobs Created	Capital Investment	Grant Range
Qualified High Impact Business ( Manuf.)	100*	$100 million	$1 - $2 million
Qualified High Impact Business ( Manuf.)	800	$800 million	$10 - $12 million
Qualified High Impact Business ( R & D)	75*	75 million*	$2 - $3 million
Qualified High Impact Business (R & D)	150	$150 million	$3.5-$4.5 million
* minimum to be eligible

Why?

A negotiated incentive used to attract and promote growth of major high impact facilities in Florida.

How?

Qualified applicant must:

Be in a designated high impact sector (currently, silicon technology or transportation equipment manufacturing);
Create at least 100 new full-time equivalent jobs in Florida in a designated high impact sector in a 3-year period; or if a research and development facility, create at least 75 new full-time equivalent jobs in a 3-year period; and
Make a cumulative investment in the state of at least $100 million in a 3-year period, or if a research and development facility, make a cumulative investment of at least $75 million in a 3-year period.