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Florida Enterprise Zone Program

 

Background. The Florida Enterprise Zone (FEZ) Tax Incentive Program was established by the State of Florida in 1982. The Florida Enterprise Zone Act of 1994 made significant changes to the program. This act was based primarily on the federal government's Empowerment Zones and Enterprise Communities programs. There are 51 enterprise zones statewide (26 rural and 25 urban), which are areas targeted for economic revitalization. This program offers tax incentives to businesses located in designated FEZ areas of urban and rural communities to encourage private investment and increase employment opportunities for the area's residents.

The FEZ Program in Palm Beach County was formally established in May 1995 for a 10-year period that will sunset on December 31, 2005. The Florida Legislature will decide if the program is to be continued as is, continued but modified or completely repealed. This state program offers eight different tax incentives and it is designed to assist and support: (a) new and existing businesses contemplating relocation to or establishing a new facility in an Enterprise Zone, and (b) local existing businesses in the County planning an expansion.

(rev. 7-14-03)
 

EDO Location

 
301 N. Olive Avenue, 10th Floor
West Palm Beach, FL 33401
phone:  (561) 355-3624
fax:  (561) 355-6017
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