Business Incentive Programs
For additional information on programs, please contact the City of Clearwater’s Economic Development and Housing Department at (727) 562-4054.
Complete listing of Economic Development State and Local Incentives available in Clearwater
Incumbent Worker Training (IWT)
The Incumbent Worker Training Program (IWT) is funded by the Federal Workforce Investment Act (WIA) and administered by Workforce Florida, Inc. Through this program, Florida is able to provide training to currently employed workers to keep Florida’s workforce competitive in a global economy and to retain existing businesses.
- Applications for the Incumbent Worker Training Program are open to all for-profit Florida businesses that have been in operation for a minimum of one year prior to the application date and require training for existing employees.
- Business must have at least one full-time employee.
- Business must demonstrate financial viability and be current on all state tax obligations.
- Training services can be provided through Florida’s community colleges, school districts, area vocational-technical centers, state universities, licensed and certified post secondary private institutions and from subject matter experts, consultants, or trainers from the business.
- Training can be conducted at the business’s own facility, at the training provider’s facility or at a combination of sites.
- Businesses must provide a matching contribution to the training project.
- Training must be completed by the end of the fiscal year, June 30, of each calendar year.
Florida Flex (formerly known as Quick Response Training):
Florida Flex is an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. A state educational facility – community college, area technical center, school district or university – is available to assist with application and program development or delivery. The educational facility will also serve as fiscal agent for the project. The company may use in-house training, outside vendor training programs or the local educational entity to provide training.
Reimbursable training expenses include: instructors’/trainers’ wages, curriculum development, and textbooks/manuals. This program is customized, flexible, and responsive to individual company needs.
The City of Clearwater is applying for a grant from the Environmental Protection Agency (EPA) which would provide funding for Brownfields site remediation.
A Brownfields site is real property, the expansion, redevelopment or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. These sites are usually impaired by a negative environmental stigma.
The designated Clearwater Brownfields Area’s northern boundary is Sunset Point Road, southern boundary is Belleair Road, eastern boundary is Missouri Avenue to Highland Avenue, western boundary is Fort Harrison that includes Pierce Boulevard and an extension of Drew Street that runs along the waterfront.
View Brownfields Map for Clearwater
Brownfields Redevelopment Bonus Refund
A $2,500 tax refund is available for each new job created by an eligible business in the designated Brownfields Area. Applicants must meet the program requirements of the Qualified Target Industry (QTI) Tax Refund.
Sales Tax Credit on Building Materials
A sales tax credit on building materials is available for construction of housing or mixed-use projects located in the designated Brownfields Area. At least 20 percent of the units in a housing project or 20 percent of a mixed-use project’s square footage must be set aside for low-income and moderate-income residents.
Cleanup Liability Protection
Cleanup liability protection is available for projects that have an executed Brownfields Site Remediation Agreement with the Florida Department of Environmental Protection.
SBA HUBZone Empowerment Contracting Program
Census Tract 259.01, 259.02, 262, 263 and 264
The program seeks to encourage economic development in historically underutilized business zones (HUBZones) through the establishment of preferences for award of Federal contracts to small businesses located in these areas. The program falls under the auspices of the U.S. Small Business Administration. As of October 1, 2000, all Federal departments and agencies involved with procurement must factor into their contracting plans annual goals that have been established for the HUBZone Empowerment Contracting Program. Purpose of the HUBZone program is to provide federal contracting assistance for qualified small business concerns located in the HUBZone.
To participate in the HUBZone Empowerment Contracting Program, a concern must be determined to be a “qualified HUBZone small business concern” if the following four requirements are met:
Small business by SBA standards
Principal office is located in a “historically underutilized business zone” (HUBZone)
It is owned and controlled by one or more U.S. citizens, a community development corporation, or native American tribe.
At least 35% of concerned employees reside in a HUBZone.
Another benefit for which HUBZone businesses are eligible is higher SBA-guaranteed surety bonds on construction and service contract bids.
Additional information can be obtained at www.sba.gov/hubzone. The South Florida District HUBZONE Office at (305) 536-5841, works with the City of Clearwater.