Incentives

At the Intersection of Talent and Transportation, You'll Find DeSoto County

In addition to our strategic location, DeSoto County is incredibly business-friendly. In a state with zero personal income tax, a corporate tax rate of only 4.458%, and a sales tax rate of only 7.5%, we’re also generous with business tax credits, refunds, and exemptions.

business owner

Our local incentives include:

  • NO impact fees. We like to think this is even better than an incentive! DeSoto County does not  have impact fees, which is an automatic savings for companies developing in our community. No application necessary.
  • Rural Jobs Tax Credit: For eligible businesses, a $1,000  to $1,500 tax credit for each qualified employee, taken against either the Florida Corporate Income Tax or the Florida Sales and Use Tax. Click here for the application.
  • Business Incentive Grant: The BIG program can be used to provide incentives to qualified applicants for job creation, capital investment or to offset infrastructure improvement costs. Click here for the application.
  • Sales Tax Exemption on Electricity for Manufacturing: Qualifying businesses will be granted either a 50% or a 100% exemption of the sales tax on the charges for electricity or steam used in manufacturing.
  • Quick Response Training: Administered by CareerSource Florida, is a  program to provide funding to qualifying businesses to train their new full-time employees.

The team in DeSoto County will be your business concierge to help you navigate the entire process, from choosing your ideal location to everything it takes to get your doors open. We are here to see you succeed with the resources needed for your operations.