Investment Incentives

ECONOMIC DEVELOPMENT (TAX INCREMENT GRANT): Targets commercial projects that add to the tax base, project new employment in excess of 10 direct, full-time equivalent persons and makes a significant economic impact (PCI greater than $1,000,000). Utilizing a “base year” assessed taxable property value (from the Property Appraiser’s database) for the project, a certain percentage of the county’s incremental increase in ad valorem taxes on real property paid by the project above the base year amount is available as an EDG to the developer.


LARGE EMPLOYER RETENTION GRANT: Available as an incentive for large employers to remain in Clay County if they are contemplating a move out of the county. In order to be eligible, a business does not need to meet the criteria of capital investment, creation of jobs or minimum salary requirements. The Employer must pay real property ad valorem taxes to the County either directly or as a pass-through charge under a lease agreement.

TANGIBLE PERSONAL PROPERTY CAPITAL INVESTMENT GRANT: Available as an incentive for an Employer who is contemplating moving its business to Clay County, Florida and who intends to invest a minimum of $1,000,000 for machinery and equipment in its Clay County, Florida location.

INDUSTRIAL DEVELOPMENT REVENUE BONDS: The Clay County Development Authority (CCDA) is the sole industrial development authority for Clay County. In this capacity, CCDA is authorized to issue tax-exempt bonds to finance the expansion or relocation of industrial development.

REGULATORY RELIEF: The intended purpose behind regulatory relief is to promote positive forms of new development and redevelopment, to reward the creation and retention of high skilled, high wage jobs, to attract primary businesses, to increase the non-residential tax base and to foster a more diverse employment base within Clay County. (Subsequently, Clay County has regulatory relief programs for Target Industry employers in the form of Impact Fee Mitigation.)

 

Clay County Investment Incentives

"The Clay County Board of County Commissioners has established its number one priority as economic development."

Clay County has a Business Incentive Policy that offers property tax rebates to qualifying businesses relocating to Clay County.

Qualifying projects create at least 10 new jobs that pay a minimum of 101% above Clay's average wage (2012 average wage was $30,207), and invest a minimum of $1,000,000 in capital improvements. Each project is reviewed and approved by the Board of County Commissioners.

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