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Collier County Economic Development Incentives

Collier County Incentive Website 

Collier County welcomes the opportunity to discuss these options in detail and your business requirements.  

Michael Dalby, IOM, CCE, President and CEO
Greater Naples Chamber of Commerce
Partnership for Collier’s Future Economy
2390 Tamiami Trail North
Naples Florida 34103
michael@napleschamber.org
239.403.2901
www.napleschamber.org


Jace Kentner, Interim Director
Collier Business & Economic Development
2800 N. Horseshoe Drive
Naples, Florida 34104
239.252.8358
239.252.2405 (Fax)
colliergov.net

Basic Industry Growth Promotion Incentive

The Basic Industry Growth Promotion Incentive recognizes Collier County’s desire for near term job growth opportunities through the expansion of local companies and recruitment of new companies which may necessarily not qualify for the State of Florida’s Qualified Targeted Industries (QTI) program.  Qualified applicants are eligible to participate in the Basic Industry Growth Incentive.  The incentive is a grant of $1,500 per job for projects creating at least 10 new jobs within 12 months in a Targeted Industry, and with wages meeting or exceeding the Collier County average of the applicant’s specific 3 digit North American Industry Classification System industry code. Only 5 jobs are required for projects located in officially-designated distressed areas, and wage requirements are waived. There is no minimum capital investment required for participation. An additional $500 per-job bonus is available for businesses that create jobs that meet the definition of “Collier Clean Quality Jobs,” which includes jobs that demonstrate energy efficiency, reduction of pollution, or environmental sustainability in either the firm’s operational process or final products for sale. (See full definition below.)  Grants will be paid in installments over four years.

General Program Requirements

  • Applications must be submitted in advance of public announcements or any permit applications changing usage or building occupancy related to the projected jobs.
  • The new jobs and business must be a for profit business operating within Collier County and qualified under the State’s listed Target Industries, creating 10 new jobs within 12 months of the BCC application approval. In addition, for existing firms, the net new jobs must be reflected as the increase of full-time equivalents over the latest quarter prior to application.
  • In officially designated economically distressed areas the wage requirement is waived and job eligibility is reduced to 5 qualified industry jobs.
  •  “Collier Clean Quality Jobs” is defined to mean jobs that produce goods that improve energy efficiency, including energy-efficient equipment, appliances, vehicles, or other such products, and products that facilitate pollution reduction and removal, greenhouse gas reduction, and recycling and reuse, including products that reduce or eliminate the creation or release of pollutants, greenhouse gas emissions, or reduce or eliminate the creation of waste materials.  The definition also includes jobs in which the the establishment’s production processes have been made significantly more environmentally friendly than previous industry standards. This includes generating energy from renewable sources, using technologies that increase energy efficiency within the establishment, or reduce or remove pollution, greenhouse gases, and waste products from the environment.
  • Each new employee hired must be either a full time employee working an average of 36 hours per week, or business will be allowed to count two employees working a minimum of 20 hours per week as one full time equivalent employee as long as these employees are eligible to receive full benefits.
  • The level of new jobs and wages comprising the grant must be maintained and documented to be eligible for the annual payment over the four (4) year term of the program.  In addition, the applicant must agree to provide sufficient evidence the new job and wage levels were maintained.
  • Grant disbursements in four equal installments over four years as compliance for each year is verified.  Method of evidence verification will be based on records such as: IRS Form 941, Payroll Records, and a Florida Department of Revenue Employer’s Quarterly Report (UCT-6) Form for each new employee or an acceptable equally reliable substitute.
  • The program is administered by the County Manager or his or her designee.
  • The County Manager is responsible for developing all required forms, including the BIGP Program application form.
  • Job creation beyond commitment within the four year payment term is eligible for extra per job awards.
  • Award payments are subject to annual appropriations.

Qualified Target Industry Tax Refund Program (QTI) Participation

The State of Florida’s Qualified Target Industry Tax Refund Program (QTI) is designed to facilitate the attraction of high-value, export industry jobs that generate new wealth and create jobs. The program seeks to diversify Florida’s economy by targeting certain industry clusters of strategic importance to the state’s economic diversity. This program provides a basic incentive of $3,000 per job for each new job created, with bonuses available for jobs with higher than required wages, jobs located in certain areas, and jobs in certain high-impact sectors. The QTI program operates as a tax refund, with payments only occurring if applicants have sufficient state or local tax liability to equal the refund amount. Awards are typically paid out over four (4) years of job creation.
To be eligible for the program, applicants must:

  • Agree to create 10 new jobs or, if a Florida business planning to expand its operations, agree to create a net increase in employment of at least 10 percent. The state’s Department of Economic Opportunity (DEO) may grant a waiver to an existing business located in an enterprise zone or rural county.
  • Agree to pay employees an annual average salary that is at least 115 percent of the average private sector wage in the area or of the statewide private sector average wage. DEO may waive the wage requirement for businesses that locate in a rural county or city, in an enterprise zone, or in a brownfield area or for manufacturing project.
  • Receive a commitment of a 20 percent local match. The form of the commitment must be included in a resolution passed by the county commission of the county where the project will be located.

Collier County’s Board of County Commissioners is committed to providing the required 20% local match requirement for eligible businesses creating jobs in the County.

Advanced Long-term Productivity Strategy Incentive Program (ALPS)

The Advanced Long-term Productivity Strategy Program (ALPS) is designed to expand Collier County’s competitiveness in attracting extraordinary high value economic development projects in order to augment participation in the State of Florida’s existing Qualified Targeted Industries (QTI) program. Qualified applicants may participate in the ALPS Incentive if the project creates at least 25 new jobs whose average wage meets or exceeds the 150% of the County’s average wage (currently $59,958).  A two tiered system will determine the award amount.  Tier One provides a bonus incentive equal to  1.000% of  actual payroll for each of  four years provided that the project’s  aggregate employment  meets a minimum of 150% of the State’s average wage and the minimum job creation threshold. Existing jobs of an expansion project are excluded if the applicant is an existing business.  Tier Two provides a bonus incentive equal to 1.063% of actual payroll for each of four years provided that the project’s aggregate employment meets a minimum of 200% of the State’s average wage and the minimum job creation threshold of 25 new jobs. Only 10 qualified jobs are required for jobs located in officially designated distressed areas (brownfields and enterprise zones). All new jobs must be full-time equivalents working at least 36 hours per week, and eligible for full benefits.

General Program Requirements

To be eligible projects and businesses must qualify for the State’s QTI program and agree to the Collier specific requirements as a contingency for eligibility in Collier County’s Advanced Long-term Productivity Strategy Incentive.

A summary of qualifications includes but is not limited to:

  • Applicant must notify Collier County of intent to apply to the County’s Advanced Long-term Productivity Strategy Program before Collier County approves the local match contribution to that project’s State QTI application and in all cases the ALPS application must be approved by the BOCC prior to the project’s commitment of intent.
  • New businesses or Expansions of existing businesses in Collier County must create at least 25 new jobs that meet 150% of the lowest of the County or State’s annual average wage to qualify for Tier 1 and 200% to qualify for Tier 2. Tier 1 businesses are eligible to receive a grant equaling 1.00% of aggregate payroll; Tier 2 businesses are eligible to receive a grant equaling 1.063% of aggregate payroll. Only new jobs created will be counted toward the total payroll for the purpose of the award amount.
  • Each new employee hire must be a full time equivalent working an average of 36 hours per week and eligible for full benefits.
  • Job creation requirement is reduced to 10 qualified new jobs in economically distressed areas.
  • Applicants must execute an agreement with the County to participate in the program. The agreement must at a minimum include the total award amount, the job and wage verification schedule, and the payment schedule.
  • The level of new jobs and wages comprising the grant must be maintained and documented to be eligible for the annual payment over the four (4) year term of the program.  In addition, the applicant must agree to provide sufficient evidence the new job and wage levels were maintained.
  • The first performance verification is due 18 months from the execution of an agreement.
  • Grant is disbursed over four annual installments, with aggregate payroll adjusted for inflation after the initial year as compliance for each year is verified.  Method of evidence verification will be substantiated by County-approved records such as: IRS Form 941, Payroll Records, and a Florida Department of Revenue Employer’s Quarterly Report (UCT-6) Form for each new employee or an acceptable equally reliable substitute.
  • The program is administered by the County Manager or his or her designee.
  • The County Manager is responsible for developing all required forms, including the ALPS Program application form.
  • Award payments are subject to availability of funds.

Industrial Development Revenue Bonds

Industrial Development Revenue Bonds (IRDBs) are securities issued by a local governmental agency, such as the Collier County Industrial Development Authority, for the purpose of financing capital projects for companies. Industrial Development Revenue Bonds, also known as “private activity bonds” are a viable method of financing certain types of industrial relocation and expansion, as outlined below. It is important to note that the debt is a liability of the respective company, not the local governmental agency.
Industrial Development Revenue Bonds offer some advantages over conventional financing methods, including the following:
1- Since IDRBs are considered limited and special obligations of governmental units, the interest on the bond may not be subject to federal income tax and certain State and local taxes, including intangible taxes and documentary stamp taxes.
2- Some capital costs associated with the acquisition of an industrial project may be financed.
The qualifications for Industrial Revenue Bond financing are established by Federal and State regulations and by the policies adopted by the issuing agency of local government. There are numerous types of projects which may be eligible for tax exempt financing and these are defined in Florida Statute Section 159.27(5). Eligible projects include, but are not limited to, the following:

  1. Manufacturing or industrial plants
  2. Research and development parks
  3. Warehousing and distribution facilities
  4. Corporate headquarters facilities
  5. Tourism facilities
  6. Health care facilities
  7. Airport or port facilities

This brief synopsis is not intended to be a statement of the current law on the subject and interested parties should retain proper consultants to ensure that they have knowledge of the most current laws, rules and regulations related to their particular project at the time at which they engage in financing.

Tamiami Angel Fund

The Tamiami Angel Fund I, LLC (“TAFI” or “the Fund”) is Southwest Florida’s first Angel Fund. TAFI is a formal fund of growth capital organized to invest in Florida-based early stage through expansion stage companies. TAFI is a Member-owned and Member-managed for-profit limited liability company that seeks to provide its Members an opportunity for active involvement in a diversified capital investment process and a portfolio of high quality, high growth companies located in the State of Florida.

VIP PERMITTING PROCESS

The Economic Recovery Task Force-Commercial Retrofitting SWAT team has created a group of development professionals that are offering assistance to business owners through the initial permit application process. This pro-bono service will include an initial consultation to review plans, offer insight into local and state code requirements, and provide tips on how to expeditiously move through the review process. Once the project is ready to be submitted, the Economic Recovery Task Force-Commercial Retrofitting SWAT team member will introduce the applicant and his/her design professional to a member of the Collier County Growth Management Division (GMD) Client Services Section, who will be assigned to track and guide your project through the review and inspection process, providing weekly follow-up, and correspondence pertaining to reviews and inspections.
The Collier County Growth Management Division, Operations and Regulatory Management Department, has established the following performance standards for review of the building permit plans within the following time periods:

  1. One and Two Family Units: 5 Business Days
  2. Commercial (one trade): 5 Business Days
  3. Commercial (two to three trades): 10 Business Days
  4. Commercial (greater than three trades): 15 Business Days

IMPACT FEES – Cost to businesses have been substantially reduced
For more information please click here

Advertising Opportunity

“One sandwich board sign is allowed at the entrance door of a business establishment as long as the base is no more than 30 inches and a maximum height of 42 inches.  The sign location must allow for a passageway of 36 inches for ADA accessibility of pedestrians and shall be removed from the entrance door area when the business is not open.”