Business Support That Goes Beyond the Basics
Citrus County offers the tools that help companies move with speed and confidence. From infrastructure support to workforce training and state-level tax exemptions, we work with you to identify the right combination of programs for your project. Every incentive offered is performance-based, transparent, and designed to support long-term success.
Citrus County considers local incentive support for companies that create quality jobs, make capital investments, and align with the region’s growth goals. Support may include:
- Infrastructure improvements (roads, utilities, site prep)
- Fee reductions or permit review support
- Customized workforce recruitment assistance
- Expedited development review or entitlement coordination
All local incentives are evaluated on a case-by-case basis and must meet criteria established by the Board of County Commissioners. To explore all incentive possibilities please contact our Economic Development staff.
Note: Citrus County has an official Economic Development Incentive Ordinance under Florida Statutes §125.045(1), giving local leaders the authority to negotiate business support where appropriate.
Recent Example: Infrastructure Investment in Action
In 2024, Citrus County received $2.8 million from the Florida Job Growth Grant Fund to extend wastewater infrastructure to the 551-acre Holder Industrial Park. This public investment is unlocking shovel-ready land and preparing the site for long-term industrial development.
This is the kind of coordinated state-local investment Citrus County can deliver.
State of Florida Incentives
Florida offers a suite of targeted, performance-based programs administered through FloridaCommerce and the Department of Revenue. These include:
- Capital Investment Tax Credit (CITC)
Corporate income tax credit for capital-intensive projects (20-year credit for eligible businesses).
- High Impact Performance Incentive (HIPI)
Grant for high-wage, high-impact industries making significant investment in Florida.
- Quick Response Training (QRT)
Customized workforce training funds delivered in partnership with local colleges.
- Research & Development Tax Credit
Corporate income tax credit for qualified R&D expenditures in targeted industries.
- Sales & Use Tax Exemptions
Exemptions available for machinery, equipment, and production-related materials.
- Rural Infrastructure Fund (RIF)
Supports local governments with planning, site preparation, and infrastructure for targeted sites in rural areas.
- State Small Business Credit Initiative (SSBCI)
Capital access program that provides credit enhancements and loan support for small businesses.
Learn more at Florida’s official Economic Development Incentives Portal:
- No personal income tax in Florida
- Competitive cost structure
- Aligned local and state leadership
- Fast permitting and infrastructure planning
- Legal framework for county-level incentive agreements
- Public examples of real investment in shovel-ready sites
Want to know which programs apply to your project?
We’ll prepare a custom incentive summary based on your capital investment, hiring plans, and timeline.
Want to know which programs apply to your project?
We’ll prepare a custom incentive summary based on your capital investment, hiring plans, and timeline.