In addition to valuable state incentives available to targeted businesses locating or expanding in Florida, inducements are available through Brevard County, the City of Melbourne and Melbourne International Airport.
Brevard County Property Tax Abatement
Depending on the level of projected employment and capital development, Brevard County offers up to 100 percent abatement of general property taxes for up to 10 years. This does not include school taxes and special district and purpose taxes.
City of Melbourne Property Tax Abatement
Depending on the level of projected employment and capital development, the City of Melbourne offers up to 100 percent abatement of general property taxes for up to five years.
Melbourne Airport Authority
Term - With sufficient capital investment, leases may have an initial term of up to 30 years with up to four five-year options to renew, for a total term 50 years.
Construction Phase - There is no lease charge for the site from lease execution to 18 months or Certificate of Occupancy, whichever first occurs.
Other - Other incentives are available, depending on the type of industry, infrastructure needs and other criteria.