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Enterprise Zone

What is the Enterprise Zone?

Enterprise Zone offer opportunities for entrepreneurial initiatives and small business expansion in targeted areas around the state. Enterprise Zones may be in rural or urban areas of Florida, and businesses locating within an Enterprise Zone, qualify for sales and corporate tax credits. Enterprise Zones may also include Brownfields sites offering additional financial incentives for businesses.

The North-Central Dade Enterprise Zone area includes a substantial portion of the City of Miami. The neighborhoods of Allapattah, Wynwood, Edison, Little River, Overtown, Culmer, East Little Havana and Little Haiti make up this diverse Zone. A portion of downtown Miami and substantial industrial land along the busy Miami River are also included.

Existing Infrastructure
Every portion of this Enterprise Zone is served by the complete array of urban infrastructure. Water mains, sewer hook-ups, excellent roads, and complete municipal services, which are readily available and reasonably priced. Aggressive maintenance and continual updating ensures that Miami’s infrastructure will remain at a very high level. Downtown and the thriving financial centers of Brickell Avenue are also easily accessible.

Surface Transportation
Direct and easy access between the airport and seaport, makes the Enterprise Zone an ideal location for transporting. Rail freight service is also available. Major arterial highways, including I-95 and State Roads 836 & 112, assure easy highway access to any destination.

Public transportation is readily available throughout the area, which include bus service, Miami-Dade County’s elevated Metrorail transit system and the downtown People Mover, with connection to
Tri-Rail, the tri-county rail system linking Miami, Broward and Palm Beach Counties.

The Enterprise Zone boasts an ethnically diverse population of over 365,000. The workforce residing in the Enterprise Zone is wide-ranging in its skills and training from the unskilled worker to college-educated management candidates. 

Enterprise Zone Incentives

Jobs Tax Credit — Credit against either the Florida Corporate Income Tax or the Florida Sales & Use Tax on wages paid to new employees who have been employed by the business for at least 3 months and are residents of a Florida Enterprise Zone. 

Property Tax Credit — New or expanded businesses located in an enterprise zone are allowed a credit on Florida corporate income tax equal to 96% of ad valorem taxes paid on the new or improved property (the assessment rate varies by county).

Sales Tax Refund for Business Machinery and Equipment Used in an Enterprise Zone — Refund on sales taxes paid on the purchase of certain business property.

Sales Tax Refund for Building Materials Used in an Enterprise Zone
— A refund for sales taxes paid on the purchase of building materials used to rehabilitate real property located in an Enterprise Zone. Enterprise Zone Map

For more information on the Enterprise Zone, please contact: 
Enterprise FLORIDA, Inc.
2801 Ponce de Leon Blvd
Suite 700
Coral Gables, FL 33134
Phone: (305) 569-2650
Fax: (305) 569-2686

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