Incentives

In Titusville, we understand that every business is unique. That's why we offer a range of incentives designed to help companies grow faster, hire smarter, and go further. Whether you're building a headquarters, scaling production, or bringing a supply chain in-house, we don't just point to programs, we help you craft a winning deal structure that fits your timeline and goals.

State-Level Incentives

Capital Investment Tax Credit (CITC)

For businesses investing $25 million or more in qualifying sectors, the CITC offers an annual corporate income tax credit for up to 20 years, equal to 5% of eligible capital costs. Ideal for capital-intensive projects in manufacturing, R&D, clean tech, and space-related industries. Learn more.

Brownfield Redevelopment Bonus Refund

This program offers up to $2,500 per job created in a designated Brownfield area. It's a strong incentive for companies willing to invest in underutilized or environmentally challenged properties. Learn more.

High Impact Performance Incentive (HIPI)

HIPI supports high-wage job creation in targeted industries with a negotiated grant. Eligible projects must create at least 50 new full-time jobs and invest $50 million within three years. Learn more.

Florida Job Growth Grant Fund

Administered by the Florida Department of Commerce, this program funds public infrastructure and workforce training projects tied to job creation. Learn more.

Local and Regional Incentives

Ad Valorem Tax Abatement

Property tax exemptions are available through the City of Titusville for businesses that meet specific thresholds for capital investment and job creation. These abatements can significantly reduce annual operating costs.

Impact Fee Mitigation

Titusville offers reductions or waivers on certain impact fees for qualifying projects, helping lower upfront development costs.

Permitting Support

We know time is valuable. The City works closely with businesses to navigate the permitting process efficiently, offering guidance and responsive support to help keep your project on track.

Workforce Training and Hiring Assistance

On-the-Job Training (OJT)

CareerSource Brevard offers reimbursement of up to 50% of wages for training new employees on the job. This allows you to build your team with confidence while offsetting the cost of onboarding. Learn more.

Incumbent Worker Training (IWT)

Helps existing businesses fund the upskilling of current employees through state-supported grants, improving productivity and retention. Learn more.

Quick Response Training (QRT)

Designed for new or expanding businesses, QRT supports customized, short-term training that's delivered just in time for project ramp-up. Learn more.

Opportunity Zones and Foreign Trade Zones

Opportunity Zone

Downtown Titusville lies within a federally designated Opportunity Zone, offering powerful tax advantages for investors who reinvest capital gains into long-term local projects.

Foreign Trade Zone #136

Titusville businesses operating in FTZ #136, which includes the Space Coast Regional Airport, benefit from duty deferrals and reductions on imported goods-an advantage for manufacturers and logistics operators engaged in global trade.

Export Assistance Programs

State Trade Expansion Program (STEP) Grants

Through SelectFlorida and the Florida SBDC, small businesses can access financial assistance for international marketing, trade show participation, and export compliance.

Export Marketing Plans

The Florida SBDC develops custom, research-based export strategies to help companies enter and grow in foreign markets.