WHY FLORIDA SHOULD BE CONSIDERED FOR YOUR NEXT CORPORATE EXPANSION STATE & LOCAL INCENTIVE PROGRAMS The incentive programs include: Qualified Target Industry (QTI) Tax Refund (STATE) This incentive is available for companies that create high wage jobs in targeted high value-added industries and may provide the company with a tax refund of up to $3,000 per new job created. This program is funded by the State of Florida (80%) and Miami-Dade County (20%). The QTI program requires the creation of at least 10 new full-time jobs at salary levels equal to or exceeding 115% of the State annual average wage, or $45,834. For businesses paying 150% of the State average annual wage, add $1,000 per job; for 200% of the State average annual wage, add $2,000 per job. For companies that locate or expand within any of Miami-Dade County’s Enterprise Zones, this incentive is increased up to $6,000 per new job created, and the minimum salary requirement may be waived. Miami-Dade County Targeted Jobs Incentive Fund (TJIF) – The TJIF is an inducement program available only to companies from outside the County (with the exception of Palm Beach, Broward, and Monroe Counties) wishing to relocate here, and to MiamiDade companies which undertake a business expansion and that create jobs as a result of the local expansion. Nevertheless, a Palm Beach, Broward or Monroe County-located Company that is planning to relocate outside South Florida is eligible for this program. The Company must provide verifiable documentation supporting its consideration of other locales. Any business decisions, such as announcements, leasing of space or hiring of employees, made prior to the final TJIF approval, will likely be grounds for disapproval unless waived by the Miami-Dade County Manager after a showing of good cause. Projects that do not require inducement will not be approved. To qualify for consideration under the program, an applicant must: Be one of the targeted industries as per the State of Florida QTI Program (see QTI incentive information sheet for Industry List). In addition, Miami-Dade One Community One Goal (OCOG) target industries are also eligible, as are regional offices. Create at least 10 net new full-time equivalent Miami-Dade jobs; The capital investment by the company must exceed $3 million in taxable property value.