Florida is ranked as one of the best states to do business due to a low cost of labor,
low regulations and zero state income tax.
CAPE CORAL INCENTIVES
The City can consider tailor-made incentives for new, expanding or relocating companies as well as for new developments.
In Florida there is...
NO Corporate Income Tax on limited partnerships
NO State Personal Income Tax
NO Corporate Franchise tax on Capital Stock
NO State-Level Property Tax assessed
NO Property Tax on Business Inventories
NO Sales Tax on Manufacturing Machinery & Equipment
NO Property Tax on Goods-in-Transit for up to 180 days
NO Sales Tax on Purchases of Raw Materials Incorporated in a Final Product for Resale, including Non-Reusable Containers or Packaging
NO Sales/Use Tax on Co-Generation of Electricity
NO Sales and Use Tax on Goods Manufactured or Produced in Florida for Export Outside the State
Lee County Incentives
Lee County’s Economic Development Office also has an experienced team in place to help new, expanding, and relocating businesses identify the best incentives for their particular corporate needs.
Lee County Industrial Development Revenue Bonds (IDRB)
IDRBs are tax-exempt securities issued by the Lee County government, providing long-term, below-market-rate financing of capital requirements for new and expanding manufacturing facilities. The minimum bond is $3 million, and the maximum bond is $10 million per borrower. The borrower is solely responsible for principal and interest repayment. View IDRB Guidelines here.
The Lee County Economic Development Office, along with the Lee County Industrial Development Authority offers financial assistance to small businesses leveraging the US Commercial Services Gold Key Matching service. To learn more about the program, visit the U.S. Commercial Services site.