Tax Exemptions Available for Businessess

The Economic Development Ad Valorem Tax Exemption Program provides an additional economic development incentive for businesses that locate or expand within the City of Tampa and create jobs. Exemptions on Ad Valorem property and tangible taxes are available for qualifying businesses. 

Small Business Job Creation Program

The Small Business Job Creation Program enables businesses located in Hillsborough County, with 10 or less employees, to hire new workers. The program will offer a wage reimbursement of 50% of wage/salary cost of new jobs for three months, up to $3,900 for each new job.

Locational Assessment and Recommended Strategic Plan for Economic Growth

The Tampa Hillsborough Economic Development Corporation recently unveiled a Locational Assessment and Recommended Strategic Plan for Economic Growth. The report is the culmination of a seven month effort to evaluate Tampa-Hillsborough County's competitiveness to develop, attract and retain quality jobs for the residents of the County; to identify the best suited target industries to achieve this objective; and to develop strategic recommendations to best position Tampa-Hillsborough County, its constituent communities and citizens for sustainable economic growth.

The City of Tampa is the county seat and largest city in Hillsborough County, and is the third most populous city in Florida. Approximately one-third of Hillsborough County's population resides in the City of Tampa.

The City of Tampa is the economic hub of west central Florida. Its economy is founded on a diverse base that includes tourism, agriculture, construction, finance, health care, technology, and maritime industry.

The City of Tampa works in partnership with a number of local, regional, and statewide organizations to promote job creation and a healthy economy. Among these are the Tampa Hillsborough Economic Development Corporation, the Tampa Bay Partnership and Tampa Bay & Company.

The City of Tampa is actively seeking properties considered for development to include in their Brownfields Program. The City of Tampa has received $400,000 in assessment funding ($200,000 for hazardous substances and $200,000 for petroleum) through the EPA Brownfields Program. Click on the banner for more information, including an application.

The CRA Facade Improvement Program provides property owners with financial assistance (grant) to improve the appearance of their properties in designated areas of Tampa's Community Redevelopment Area (CRAs). The program is funded for fiscal year 2012 for Drew Park, East Tampa, and Ybor City. Click on the banner for program information and application.