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.