|Miami-Dade County - Targeted Jobs Incentive Fund
|Miami-Dade County, District 8
|Solar Thermal Electric, Solar Photovoltaics
The Targeted Jobs Incentive Fund (TJIF) provides financial incentives for select industries, including solar thermal and photovoltaic manufacturing, installation and repair companies that are relocating or expanding within Miami-Dade County. The program is administered by the Beacon Council. To be eligible, new or expanding companies relocating to Miami-Dade County must create at least 10 new jobs with salaries equal to or exceeding 100% of the state annual average wage, and make a capital improvement of at least $3 million.
Qualifying industries include:
Miami-Dade County will provide a qualifying company a property tax credit up to 1.7% of total real property capital investment or 1.15% of the tangible personal property capital investment. Incentives will be paid over a six year time period. Incentive award cannot exceed more than the revenue generated by the TJIF project over the same six year time period.
Additional incentive opportunities for eligible real property and tangible personal property are as follows:
All incentive disbursements will occur after jobs are created, capital investments are made and a qualifying company has paid taxes.