WHY NORTHWEST Florida

Great location, ideal business climate

The Northwest Florida service area is strategically located along the Gulf of Mexico, offering access to deepwater ports, international airports, rail and major interstate corridors.

The region is home to six military installations that offer a skilled talent pool and pipeline in aerospace and defense, cybersecurity, logistics and distribution, advanced manufacturing and more. Already, companies like ST Aerospace, Navy Federal Credit Union and Eastern Shipbuilding call the region home.

Each year, the region’s education providers award more than 11,000 in-demand certificates and degrees in welding, computer science, engineering, business administration and more.

NW Florida Sites

Scarlett Phaneuf

Economic Development Representative

scarlett.phaneuf@powersouth.com
(850) 424-5226

NW FLORIDA Solutions

Florida Tax
Advantages

No corporate income tax on limited partnerships
No corporate income tax on subchapter S-corporations
No state personal income tax guaranteed by constitutional provision
No corporate franchise tax on capital stock
No state-level tax on property
No property tax on business inventories
No property tax on goods-in-transit for up to 180 days
No sales and use tax on goods manufactured or produced in Florida for export outside the state
No sales tax on purchases of raw materials incorporated in a final product for resale, including non-reusable containers or packaging

Expedited
Permitting

Florida understands that businesses need certainty, predictability and efficiency in government regulations. The state’s regulatory agencies and local governments provide quicker, less costly and more predictable permitting processes for significant economic development projects.

Additional Tax
Abatements & Credits

Sales & Use Tax Exemptions on:

Machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
Labor, parts and materials used in repair of and incorporated into machinery equipment
Machinery and equipment used predominantly in research and development
Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft