Downtown Orlando

The Downtown Development Board (DDB) is here to assist with matching up available incentives to your company. In conjunction with the Business Development team, any assistance available through the State, City or the DDB/CRA will be presented. It is our goal to see businesses in our community succeed. Please contact us for more information.

TIF Overview:  Tax Increment Financing is a tool used by the Community Redevelopment Agency to promote private investment in Downtown Orlando. Tax Increment is used to fund and build infrastructure, improve transportation needs, provide more housing, and encourage retail development. The objective of Tax Increment is to help local companies expand and to create employment opportunities for residents.

PROGRAMS INCLUDE:

Parramore Stabilization Program -The Parramore Commercial Façade & Building Stabilization Grant.  This program (FBS) provides for the use of Community Redevelopment Agency (CRA) funds along with private investments for general improvements of commercial structures located within the Parramore District of the CRA. The goal of the FBS is to increase commercial occupancy rates and property values in the Parramore Holden District. To do this, the program provides financial assistance in the form of a forgivable or deferred loan to commercial property owners and/or tenants for the restoration/renovation of the exterior of their building and for the stabilization of their building.

Façade Grant Program - Building appearance plays an important role in creating Downtown’s image. A grant for facade improvements made to storefront properties will encourage reuse, improve appearance, place vacant or underutilized spaces back into use, and support the creation of retail space Downtown.

CITY PROGRAMS INCLUDE:

Small Business Façade Grant Program – The Small Business Façade Program is an interest free deferred loan for façade improvements. It is a matching loan to off-set design and façade improvements.

http://www.cityoforlando.net/economic/business/BUS_SmallBusinessFacadeProgram.htm

Non-Profit Impact Fee Assistance Program - The Non-Profit Assistance Program provides impact fee assistance to non-profit agencies, located within the City of Orlando, that undertake construction projects. Eligible costs include transportation and sewer impact fees that have been assessed by the City for the construction project. 

http://www.cityoforlando.net/economic/BUSINESS/eNot_for_Profit_Prog.htm

STATE PROGRAMS INCLUDE:

Enterprise Zone Program – The Enterprise Zone Program was created to stimulate the creation of new jobs and to enhance the social and economic well-being of affected neighborhoods. Qualifying companies can receive job creation incentives, property tax exemption, as well as a sales tax refund.

http://www.cityoforlando.net/economic/BUSINESS/eEnterprise_Zone_Prog_main.htm 

Urban Job Tax Credit Program – The Urban Job Tax Credit Program encourages the creation of jobs in urban areas. The credit ranges from $500 to $2,000 per qualified job and can be taken against the Florida Corporate Income Tax or the Florida Sales and Use Tax.

http://www.cityoforlando.net/economic/BUSINESS/eUrban%20Job%20Tax%20Credit%20Program.htm

Qualified Target Industry Program – QTI is a tool used to diversify the Orlando economy. Qualified applicants who create jobs receive tax refunds up to $5 million in all years, and no more than 25% of the total refund approved may be taken in any single fiscal year.

http://www.cityoforlando.net/economic/BUSINESS/eQualified_Refund_Prog.htm

Orlando Economic Enhancement District – OEED is an economic development tool that encourages the redevelopment of properties. It is a Brownfield designation and includes sites that have the perception of contamination and/or blight.

http://www.cityoforlando.net/economic/BUSINESS/eOrlando_Economic_Enhancment_Dist.htm

OTHER STATE PROGRAMS:

Quick Response Training

Incumbent Worker Training

Capital Investment Tax Credit

HUB Zones

http://www.cityoforlando.net/economic/business/BUS_incentiveprogs.htm

Downtown Entrepreneur Zone (E-Zone)

E-Zone Information