The Tallahassee/Leon County Enterprise Zone (EZ), number 3701, offers financial incentives to businesses and residents. Almost twenty square miles in size, the Tallahassee/Leon County EZ is located in the central, southern and western portions of the community. The Enterprise Zone is a geographical area targeted for economic revitalization. Businesses that locate or expand their operations are eligible for various state tax incentives. Potential benefits include a jobs tax credit for new employees who live within an Enterprise Zone boundary, rebates of state sales tax paid for equipment and construction materials and a state tax credit for increases in local property taxes due to property improvements. A building materials sales tax refund is a potential benefit for a resident living in the Enterprise Zone who has renovated or expanded their home.
The EZ was designated an Urban Enterprise Zone effective January 1, 2003 in accordance with Section 290.0056, Florida Statutes, and is governed by the Tallahassee/Leon County Enterprise Zone Development Agency (EZDA). The EZDA provide assistance to businesses and residents within the zone by reviewing and certifying incentive applications.
Both Gadsden and Wakulla counties have designated Rural Enterprise Zones. For additional information on other Florida Enterprise Zones go to Enterprise Florida's website at www.floridaenterprisezone.com
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