Business Incentives

As one of the fastest growing areas in the nation, St. Lucie County desires to attract and retain a quality workforce. This means we're working toward building a strong economic base.  St. Lucie County's Board of County Commissioners is committed to creating a business-friendly environment. Local incentives include the Job Growth Investment Grant, Ad Valorem Tax Exemption and Fast Track Permitting. Business services include assistance with site locations, state and local incentive applications, demographic and labor market information, permitting, job training programs, and overall coordination with locating or expanding your business in St. Lucie County.

Job Growth Investment Grant
Job Growth Investment Grant Process & Application (PDF)
St. Lucie County Board of County Commissioners offers this grant to assist targeted industry companies for job creation, capital investing, and wages that are new or relocating. The board may issue grants ranging from $1,500 to $3,000 per job for companies locating or expanding in the county. A minimum of 10 new jobs must be created. A salary requirement of 107% of the County's current hourly wage must also be met.  Board of County Commissioners approval is required on this incentive.

Ad Valorem Tax Abatement
Ad Valorem Tax Abatement Application (PDF)
St. Lucie County offers an Ad Valorem Tax Abatement (approx. 7-8 mils) to a new or expanding business.  The exemption is applied to improvements a business makes to its property, such as a new building or new equipment purchased in connection with relocating or expanding. The exemption can be granted for up to ten years; the number of jobs created, wage rate, and capital investment determine the length of the exemption. A new business is defined as one that creates a least 10 manufacturing jobs, 25 (non-manufacturing) jobs or a business that has more than 50% of its sales outside the State of Florida. The category also covers a new Florida corporation with 50 or more full-time employees or any business located in an economically depressed area (Enterprise Zone).  Board of County Commissioners approval is required on this incentive.

St. Lucie County and State Incentives Overview

The Economic Development Council of St. Lucie County is a local partner with Enterprise Florida and will assist a new or expanding business with state incentive applications. For assistance contact:

Additional Economic Development Organizations:

  • Enterprise Florida Headquarters
    http://www.eflorida.com/
    390 North Orange Avenue, Suite 1300 
    Orlando FL 32801
    Phone: (407) 316-4600
    Fax : (407) 316-4599
  • Florida Economic Development Council, Inc.
    http://www.fedc.net/
    The Atrium Building
    325 John Knox Road, Suite 201
    Tallahassee, FL 32303
    e-mail: info@fedc.net

 

 


 

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