Press release: The University of West Florida Office of Economic Development and Engagement is accepting applications for $5 million in job creation incentives.
The funds, offered through the Industry Recruitment, Retention and Expansion Fund, were allocated by the Florida Legislature in 2011 to foster economic recovery in those areas hit hardest by the Deepwater Horizon Oil Spill.
The fund is intended to supplement state and local incentives in enticing medium and large enterprises, particularly those in Florida’s targeted industry clusters, to relocate to the Florida Panhandle. Applications are being accepted now through June 30, 2016.
Companies can receive a maximum of $1 million in incentives through the program. In order to be eligible, projects must also meet the following minimum qualifications:
- Existing jobs could be considered net new jobs if reasonable assurance was provided that the jobs would leave the state, if not for the proposed investment.
- The average annual wage of all jobs created through the project must be at least 85 percent the average annual wage of the county.
In awarding grants, OEDE will give preference to businesses in the following industries, although all applicants will be considered: clean technology, life sciences, information technology, aviation and aerospace, homeland security and defense, financial and professional services, and manufacturing.
For more information about the program, visit uwf.edu/oede. Interested parties may also call Dr. Brice Harris at 850-698-2107, or email him at email@example.com.