Business Incentives in Palm Beach County

Negotiated grants for major facilities in high-impact sectors (Clean Energy, Corporate HQ, Financial Services, Life Sciences, Semiconductors, Transportation Equipment Manufacturing). Requires 50+ new full-time jobs (25 for R&D) and $50M+ investment (or $25M for R&D) within three years.

Up to 20 years of annual corporate income tax credits based on eligible capital costs. Requires 100+ new jobs and $25M+ capital investment; covers similar high-impact sectors plus Information Technology.

Grant funding for customized workforce training for new and expanding businesses in qualified targeted industries, administered by CareerSource Florida.

$1,000–$1,500 per qualified new job for businesses in one of Florida’s 36 designated rural counties. Capped at $500,000 per year and carries forward five years.

$500–$2,000 per qualified new job for businesses in designated urban areas. Carries forward five years.

Corporate income tax credit equal to 10% of qualified research expenses above a four-year average, limited to FloridaCommerce-certified target industries. Carries forward five years.

Matches 50% of training costs, up to $8,000 per veteran, for businesses training or hiring military veterans.

$1 per hour worked (up to 1,000 hours) for employing qualified employees with a physical or intellectual disability. Maximum $10,000 per year, carries forward five years.

$2,000 per apprentice, pre-apprentice, or student intern hired, up to $10,000 per year. Covers tax years 2022–2025.

Cover manufacturing machinery and equipment, R&D equipment, solar energy equipment, commercial space activities, aviation maintenance and repair, and semiconductor, defense, and space technology facilities. Also applies to electricity and steam used for qualifying manufacturing equipment.

Direct state grants (not tax refunds) for public infrastructure and workforce training projects supporting private-sector job creation. Awards range from under $1M to over $10M.