Do You Know What an Enterprise Zone Is?
City of Fort Lauderdale, Florida - Venice of America
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Do You Know What an Enterprise Zone Is?

Get your business in the zone…the Enterprise Zone!

Petula Burks, Public Information Specialist
(954) 828-4742 or petulab@fortlauderdale.gov

Fort Lauderdale – Join the Broward County Enterprise Zone and the City of Fort Lauderdale Community Redevelopment Agency for a FREE business assistance and financial incentive workshop, Wednesday, August 17 beginning at 10:00 am at War Memorial Auditorium.

Attendees will have the opportunity to learn about State of Florida funded incentives, resources and job training through Florida Enterprise; find out about the many tax benefits available under the Enterprise Zone Program; gain insight from the City of Fort Lauderdale CRA and available incentives; and have the ability to talk to an Enterprise Zone Consultant about how to file Enterprise Zone applications.

What is an Enterprise Zone?

Enterprise Zone Agencies seek ways to relax or eliminate fiscal and regulatory constraints and identify supportive actions that facilitate business investments in distressed areas.

They provide the necessary means to assist local communities, their residents, and the private sector in creating the proper economic and social environment to induce investment of private resources in productive business enterprises located in severely distressed areas.

By locating in an Enterprise Zone a business can qualify for the following:

  • Loans - Up to 75% of the project cost for construction or rehabilitation of an existing structure.
  • Jobs Tax Credit Program - A tax credit of up to 45% of the actual monthly wages per job created in new or existing businesses.
  • Sales Tax Refund for Business Machinery and Equipment - Refund of 97% of sales tax paid for business machinery or equipment. A maximum refund of $10,000 per purchase applies.
  • Sales Tax Refund for Building Materials - Refund of 97% of the sales tax paid on the purchase of building materials to rehabilitate commercial property. This is a one-time tax credit with a maximum refund allowance of $10,000.
  • Enterprise Zone Property Tax Credit - New and expanded businesses are allowed credit against ad valorem taxes paid for a maximum amount of $50,000 per year for five years. The amount a business is credited is based upon the number of jobs created and the number of employees hired who reside within the Enterprise Zone. Tax credits can be carried forward for five years.

View the Enterprise Zone Map.

For a complete list of State Incentives, please visit Enterprise Florida Incentives. To see if your property is located within the Zone, please visit http://gis-it.fortlauderdale.gov/property_info/map.asp.

Who:
The Broward County Enterprise Zone and The City Of Fort Lauderdale Community Redevelopment Agency

What:
FREE Business Assistance And Financial Incentive Workshop

Workshop Topics:

  • Enterprise Florida:  Learn About State Of Florida Funded Incentives, Resources And Job Training
  • Enterprise Zone Tax Incentives: Learn About The Many Tax Benefits Available Under The Enterprise Zone Program
  • CRA Incentives: Gain Insight From The City Of Fort Lauderdale CRA About
  • Available Incentives
  • Application Completion: Talk To An Enterprise Zone Consultant About How To File Your EZ Applications

Location:
War Memorial Auditorium
800 NE 8th Street
Fort Lauderdale

For Details:

Call (954) 828-4347 or email ANGELAW@FORTLAUDERDALE.GOV