Business Incentives
Seven reasons to relocate to the Tampa Bay area:
- No state income tax.
- Corporate income tax of just 5.5% with the first $5,000 exempt.
- No business inventory tax.
- State sales tax exemptions on energy consumption for manufacturing meeting state guidelines.
- Enterprise zones are targeted for economic revitalization. Tax savings are offered to businesses that invest in zones, or who employ zone residents and other targeted employees.
- For businesses that import or export, operation in one of Tampa's foreign trade zones can cut costs and increase profit margins.
In addition to these incentives, Tampa Electric can assist with state and local economic development incentives/tax credits for companies meeting certain required criteria
Employment facts & trends
- Tampa Bay's principal industries are trade, manufacturing and services.
- More than 900 manufacturing firms are located in Hillsborough County.
- 60% of workers are in the white collar sector; 20% are in service occupations and 20% are in blue collar sectors.
- Hillsborough County's service sector is expected to increase by 50% by the year 2005.
