Targeted, performance based financial incentives for qualifying projects can lower the barriers to market entry and mitigate the cost of relocation and expansion. We’ll work with you to access these resources, as well as workforce training grants, tax exemption programs, and more.
At the state level, there are four types of incentives that could be applicable - Targeted Industry Incentives, Workforce Training Incentives, Infrastructure Incentives, and Special Opportunity Incentives.
Qualified Target Industry Tax Refund (QTI) is an incentive available for companies that create high-wage jobs in targeted industries in our area, including Manufacturing, Life Sciences, Information Technology, Financial and Professional Services, as well as Defense and Security. This incentive includes refunds on corporate income, sales ad valorem, intangible personal property, insurance premium, and other specific taxes.
A Workforce Training Incentive, the Quick Response Training Program (QRT) is an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. Whether it is a community college, area technical center, school district, or university, a state educational facility is available to assist with the application and program development or delivery.
In addition to being cost friendly, our community offers an assortment of targeted, performance-based financial incentives to help lower the barriers to market entry and mitigate the cost of relocation.
SBA’s Role in Export Financing
Most banks in the U.S. do not provide working capital advances on export orders, export receivables or letters of credit. Because of that, some small businesses may lack necessary export working capital to support their export sales. That is where an SBA program can make the difference. SBA provides lenders with up to a 90% guaranty on export loans as a credit enhancement, so that the lenders will make the necessary export working capital available.
The SBA delivers its export loan program through a network of SBA Senior International Credit Officers located in U.S. Export Assistance Centers throughout the country. These specialists understand trade finance and are available to explain SBA’s export lending programs, the application process and forms and to guide exporters in selecting appropriate payment methods. They can also link companies to specialists for increasing export sales and managing foreign payment risk.
Exporters can apply for EWCP loans in advance of finalizing an export sale or contract. With an approved EWCP loan in place, exporters have greater flexibility in negotiating export payment terms—secure in the assurance that adequate financing will be in place when the export order is won.
Benefits of the EWCP
The U.S. Small Business Administration’s newly revised International Trade Loan provides lenders with enhanced export financing options for their customers.
The ITL is designed to help small businesses enter and expand into international-al markets and, when adversely affected by import competition, make the in-vestments necessary to better compete. The ITL offers a combination of fixed asset, working capital financing and debt refinancing with the SBA’s maxi-mum guaranty— 90 percent— on the total loan amount.
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