Gainesville provides the perfect pro-business climate for new and relocating businesses.
Opportunity Zones incentive is a new community investment tool established by congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated opportunity funds.
GRU's Economic Development Rate
GRU's Economic Development Rate is an incentive for large businesses that want to establish or expand its presence in Gainesville. The program is open to new and existing customers that meet certain criteria.
Enterprise Zone Savings
A 50 percent discount on various development fees may be applied to properties located within the Enterprise Zone(PDF, 77KB).
Enterprise Zone Retention/Expansion Incentive Program
The Enterprise Zone Manufacturing Retention/Expansion Incentive Program is a local incentive designed to assist in the retention of a business/company seeking to relocate its manufacturing operations outside of Gainesville's Enterprise Zone or to promote expansion of a company’s manufacturing operations within the Gainesville Enterprise Zone.
Industrial Revenue Bonds
Provides bond issues for manufacturers (up to $10,000,000) for property acquisition, construction, machinery and equipment costs.
Gainesville Community Reinvestment Area
The Gainesville CRA operates in a single reinvestment district. Redevelopment in the GCRA district is an investment in a vibrant future for Gainesville’s urban core.
Need More Information?
Companies must apply prior to relocating or expanding its facilities to qualify. If you are interested in any of these programs business incentives contact us for more information early in your development plans.