State and local incentives

As a designated rural county, Nassau County is able to offer many incentives to new and expanding businesses that choose to operate in the area.  The Nassau County Economic Development Board (NCEDB) is here to assist you through the process.  Our team can act as a resource to help you identify the incentives you may be eligible for and guide you through the process of applying for them.  Please find a list below of local incentive programs. For a listing of state programs, please visit Enterprise Florida.

The NCEDB can assist your company with a number of programs that can offset expenses incurred by relocating your business to Nassau County.  We can provide assistance with permitting, occupational licensing or other local issues that your company may encounter.

Local incentives


Nassau County Economic Development Grant:  Nassau County offers qualified businesses a return of a portion of ad valorem property taxes (taxes due on real and personal property) based on the new capital investment and jobs created by the business. 
 
The business must be in a targeted industry, create at least ten new jobs, and create at least $1 million in new capital investment in the county.  The amount of the annual grant is based on the size of the project.  Businesses meeting the basic requirements will be eligible to receive a grant of 100 percent of the increase in taxes resulting from the new capital investment in the first year, declining to 80 percent the second year, 60 percent the third year, and so on, until the grant phases out at the end of the fifth year.
 

Creating at least: And Paying at least: Then Eligible for
Jobs And Capital Investment Nassau's Average Wage % E.D. Grant For Number of Years
10-20 $1 million - $2 million 100% 100/80/60/40/20% Over 5 years
21-30 >$2 million - $5 million 115% 50% 7 years
31-50 >$5 million - $10 million 115% 50% 10 years
51-100 >$10 million - $20 million 115% 75%/50% 1st 5 yrs/2nd 5 yrs
101+ >$20 million 115% 75%/50% 1st 10 yrs/next 5 yrs

 

Aviation & Aerospace Health & Life Sciences Manufacturing Defense & Homeland Security Information Technology Financial & Professional Services Logistics & Distribution Cleantech
Corporate Headquarters
Research and Development

Aircraft & aircraft parts manufacturing

MRO of aircraft & space vehicles

Navigation instrument manufacturing

Flight simulator training

Space vehicle & guided missile manufacturing

Satellite communications

Space technologies

Biotechnology

Pharmaceuticals

Medical device manufacturing

Laboratory & surgical instruments

Independent or assisted health care

Elderly & non-elderly health care

Medical tourism

Automotive & marine

Automotive supplies

Specialty industrial

Food & beverage

Precision machining & machine tooling

Plastics & rubber

Clean transportation fuels & technologies

Heavy equipment

Original equipment (OEM)

Power storage / batteries

Tool & die

Propulsion systems

Optical instruments

Navigation aids

Ammunition

Electronics

 Military vehicles

Shipbuilding & repair

Computer systems design

Simulation & training

Tracking devices

Port security

Modeling, simulation & training

Optics & photonics

Software

Telecommunications

Electronics manufacturing & testing

Data centers

Health care IT

Supply chain management IT

Banking

Insurance

Securities & investments

Engineering

Legal

Accounting

Consulting

Global logistics

Warehousing & distribution

Materials handling & processing

Logistics software development

Assembly, repackaging & kitting

Distribution centers

Supply chain management

Biomass & biofuels processing

Energy equipment manufacturing

Fuel cells & energy storage technologies

Photovoltaic

Environmental consulting

Solar, wind & ocean energy equipment manufacturing

More information on the EDG Incentive can be found in Nassau County’s Municipal Code at Chapter 1, Article X Sec. 1-181 of the County’s Code of Ordinances or here:

For more information on taxes in Nassau County, please visit our Taxes page.

Source: Enterprise Florida


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