Economic Incentives

Incentive Eligibility Criteria

 

To be eligible for economic incentives, a company must meet all three of the criteria below.

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First Criteria

Be within one of the City’s target industry categories: ​

• Aerospace (Aviation/Aeronautical)

• Nano, Sensor, Clean or Renewable Technologies

• Manufacturing

• Medical Specialties

• Preparatory High School

• Post-Secondary Educational Institutions

 

Second Criteria

Create at least ten (10) net new full-time permanent jobs, or if expanding a business, increase employment by at least 10% or ten (10) net new full-time jobs (whichever is greater).
 

Third Criteria

Pay an average annual wage that is 115% of the Osceola County average wage. (2022: 115% = $46,113)

 

*Note: The number of jobs created may be reduced, however for every one job less, the average company wage has to increase by 10% and cannot fall below a minimum of five (5) new jobs created.

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• 10 jobs = average salary ............. $50,338

• 9 jobs = average salary ............... $54,715

• 8 jobs = average salary ............... $60,186

• 7 jobs = average salary ................$66,205

• 6 jobs = average salary ................$72,826

• 5 jobs = average salary ............... $80,108