Capital & Incentives
We are committed to supporting businesses with access to capital and strategic incentives, helping companies of all sizes tap into resources that fuel growth and expansion. From tax benefits for targeted industries to grants for workforce training, we guide businesses through opportunities designed to strengthen their position in Miami.
A Capital of Capital
We help companies understand the landscape of financial support available to businesses, and can help guide companies’ through eligibility for local and state business incentives.
Target Industry Incentives
Miami-Dade County offers incentives like the Targeted Jobs Incentive Fund (TJIF), which provides tax refunds to businesses expanding or relocating in high-value industries. Companies must create at least 10 new full-time jobs.
Workforce Training Incentives
Programs such as Florida Flex, IWT, and On-The-Job Training provide grants or reimbursements to businesses for training new or existing employees, boosting workforce skills and competitiveness in key industries.
Special Opportunity Incentives
Workforce Training and Special Opportunity Incentives
Miami-Dade County offers a variety of workforce training and special opportunity programs designed to enhance employee skills, promote job creation, and encourage investment in urban and economically distressed areas through tax credits and other benefits.
Florida Flex Program
The Florida Flex Program provides reimbursable grants to new or expanding businesses for customized training. It supports skill-building in high-value industries, offering partial reimbursement for training costs over a 12-month period.
Incumbent Worker Training Program (IWT)
IWT helps Florida businesses upgrade skills for their current workforce. Available to businesses operating for at least a year, the program prioritizes companies in targeted industries and economically distressed zones.
Employed Worker Training (EWT)
EWT offers Miami-Dade companies up to 50% reimbursement for training costs, enhancing workforce skills and productivity. It aims to improve competitiveness and foster employee development through industry-focused programs.
On-The-Job Training (OTJ)
The OTJ program reimburses employers for up to 50% of wages while training new employees. The program covers the training duration required for the employee to meet job expectations and boosts workforce readiness.
Urban Jobs Tax Credit Program
This program provides tax credits to businesses creating jobs in designated urban areas. Credits range from $500 to $1,000 per job, incentivizing businesses to invest and expand in economically distressed regions.
Opportunity Zones
Opportunity Zones encourage long-term investments in low-income areas. Investors can receive tax incentives by reinvesting capital gains into Opportunity Funds, promoting economic growth in designated zones across Miami-Dade.
Target Industry Incentives
Miami-Dade offers a variety of targeted incentives to attract and grow businesses in high-impact industries. These programs provide tax credits, grants, and other benefits to support job creation, capital investment, and expansion.
Miami-Dade County Targeted Jobs Incentive Fund (TJIF)
This incentive provides tax refunds to companies creating at least 10 new full-time jobs in high-value industries. Benefits include up to 80% tax refunds over 10 years, with bonuses for green certifications or priority locations.
Capital Investment Tax Credit (CITC)
Aimed at capital-intensive industries, this annual corporate income tax credit, available for up to 20 years, requires projects to create at least 100 jobs and invest $25 million in eligible capital costs like construction and equipment.
High Impact Performance Incentive Grant (HIPI)
This grant attracts major high-impact facilities, awarding funds to projects that create at least 50 jobs and invest $50 million within three years in sectors like life sciences and clean energy. Grants are given upon project milestones.
Miami-Dade Relocation and Expansion Incentives Program (REIP)
The REIP rewards businesses that hire at least 50 new employees within five years, with wages 150% above Miami-Dade or Florida averages. It supports expanding or relocating companies that boost the local economy.
Miami Downtown Development Authority Incentive Fund Program
This incentive helps businesses in financial services, technology, and headquarters create 10 or more jobs within three years, with wages at least 125% of Miami-Dade or Florida averages, encouraging growth in Miami’s downtown area.
City of Miami Beach Job Creation Incentive Program (JCIP)
The JCIP supports businesses creating at least 10 new full-time jobs in Miami Beach within 3-4 years, with wages 125% above local or state averages. The program promotes job growth for both new and expanding companies.
Case Study
Iron Mountain Data Center
Iron Mountain is a Seattle-based company that provides document storage services. They are now introducing data centers and services in Miami-Dade County.
We supported the company through application to Targeted Jobs Incentive Fund to solidify Greater Miami’s leading position as the selected location for the new facility.
$150M
Capital investment injected into the local economy
30
New jobs created
Iron Mountain in Miami
How can we help?
Whether you are looking to relocate or expand, we can help. Contact our world-class economic development team to learn more.