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Brownfield Incentives

Brownfield Incentives

Brownfield sites are defined as real property, the expansion, redevelopment, or reuse of which may be complicated by actual or perceived environmental contamination.

However, cleanup of brownfield sites in Florida is generally easier, quicker, and cheaper than brownfield sites in many other parts of the country. That’s because the severity of environmental degradation/contamination in Florida generally does not even begin to approach that of many other U.S. states.

Businesses that cleanup and redevelop an existing brownfield site are provided with generous financial incentives, regulatory benefits, technical assistance, and liability protection.

Just a few of the advantages of brownfield sites include:

  • $2,500 Job Bonus Refund for each new job created in a brownfield area by an eligible business
  • Highly attractive business locations with existing infrastructure
  • Voluntary cleanup tax credits
  • Cleanup liability protection
  • Low-interest loans for assessment and cleanup
  • Increased State Loan Guarantee can improve lending opportunities
  • Expedited Permitting for Brownfield projects

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Ready to learn more about doing business in Florida? Get in touch with Enterprise Florida, Inc. (EFI) for more information.
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