Incentives
To further enhance the low cost of doing business in our part of Florida, Holmes County is one of Florida’s Rural Area of Opportunity (RAO) communities, offering a wide range of opportunities for tax savings and tax benefits.
Your business dollars go further given the state's limited corporate taxes and your employees benefit from 0% state personal income tax.
New Market Tax Credit
The entire county also qualifies for the New Market Tax Credit - a tax credit against federal income tax in exchange for making equity investments in an underserved community like Holmes County. The credit totals 39% of the original investment amount and is claimed over a period of seven years.
Additional Incentives
Our business-friendly community welcomes discussion of additional incentives unique to the project, depending on capital investment and job creation impact.
Florida Business Facts
- Florida ranked #4 in the nation and #1 in the Southeast for the most competitive business tax system by Tax Foundation (2016).
- Florida has the 7th largest economy and is 3rd in the nation in economic growth – US News and World Report (2017)
- Florida is the 3rd most populated state (larger Congressional base) – US Census 2015
- Florida ranks #2 in the nation of Best State for Business on a wide range of criteria from taxation and regulation to workforce quality and living environment – Chief Executive (2017)
- Florida is 4th in the nation in Job Growth and #1 in Entrepreneurship - US News and World Report (2017)
- Florida earned another Silver Shovel Award in 2017 from Area Development magazine for states with a population of over 15 million.