Business Climate
Tampa, Florida Business Climate & Business Incentives
Tampa demographics and economics are just some factors for locating a business, but they are big ones.
With Florida tax incentives and business relocation incentives, combined with competitive lease rates, it’s easy to see why Hillsborough County provides a healthy environment for businesses, large and small.
As Florida’s fourth largest county, and with a median age of 36, Hillsborough County has a ready and reliable workforce for a broad spectrum of business.
Other strong economic drivers include the 25 plus airlines serving the area, the largest deep-water port in the United States, several telecommunications firms providing reliable communications, top educational institutions supplying a steady stream of capable employees and much more.
Tampa itself is among the nation’s “most-wired” cities and is one of the top ten for security-cleared professional jobs requiring technical, computer and engineering skills, a background in international affairs, intelligence and foreign languages.
What Others Say About Us
- A 2010 KPMG Study ranked Tampa Bay as the most competitive large city in the United States when it comes to business operating costs. Reinforcing that, The Tax Foundation’s 2010 State Business Tax Climate Index ranked Florida, overall, as the fifth most business-friendly tax system in the nation. Combined with business relocation incentives, Tampa is a great choice when locating a business.
- Ranked among the best business climates in the U.S. (#3), the state has become the nation’s fourth largest cyber state and tops Genetic Engineering & Biotechnology News’s list of emerging hot spots. It is a national leader in growing the alternative energy industry, ranking fifth in the nation for number of start-ups (Business Xpansion Journal, Nov/Dec 2008).
- The area enjoys the distinction of being highly desirable for recruiting. Expansion Management Magazine ranked Hillsborough County in the top 20 of more than 3,000 counties in the U.S. for recruitment and attraction (May 2007).
- Moody’s Economy.com describes Tampa as Florida’s financial services capital.
Need we say more? As you search this site, you’ll find compelling reasons for why a diversity of people live here and why businesses -- large and small -- consider Tampa relocation as the “Bright Place to Be” for their business.
Florida’s Tax Advantages
A right-to-work state, Florida’s pro-business tax policies help to attract and retain quality firms. The state’s corporate income tax is 5.5 percent. In addition, there are Florida tax incentives available to accommodate a variety of businesses.
Access to Capital
Small business, innovation and entrepreneurship are main contributors to our local and statewide economy. Florida offers various funding mechanisms to help finance new and expanding ventures.
Business Incentives
Tampa Hillsborough EDC works closely with Enterprise Florida, Workforce Florida, Hillsborough County, the cities of Tampa, Plant City and Temple Terrace and other strategic partners to offer targeted industries business relocation incentives that are designed to help mitigate the cost of opening a new or expanding an existing facility. Targeted industries include but are not limited to Advanced Manufacturing, Agritechnology, Aviation and Aerospace, Biotechnology and Life Sciences, Financial and Professional Business Services, Port and Maritime, Sustainable Energy, Cyber Security and Warehouse and Distribution. Corporate Headquarters are also targeted.
CLICK HERE TO VIEW OUR BUSINESS INCENTIVES
.jpg)