Programs & Incentives

Micro Loan Program

Click Here for a Printable Application

The Citrus County Small Business Micro Loan Program was created by the Citrus County EDC and SCORE. It is a Small Business Community Reinvestment Program which provides financial assistance to new and existing businesses and business counseling in Citrus County that will have economic benefits for future job growth.
These new and existing businesses came to the Citrus County EDC needing financial assistance for a smaller amount than lending institutions will allow. Recently we have expanded the Micro-Loan Program to allow for assistance up to $10,000. Our goal is to give a hand up to these small businesses, to encourage their endeavors and to be there for them as they grow into a prosperous new enterprise. Micro Loan contributors include:

   

Utility Expansion Program

Click Here for Printable Details and Application

The Citrus County Board of County Commissioners has developed the Citrus County Economic Development Utility Expansion Grant/Loan Program to encourage and assist businesses in the creation of jobs in Citrus County when the business is limited due to lack of central utilities. The Board has designated a portion of the Occupational License Fee funds for allocation, at their discretion, for businesses that create new jobs through expansion, start up, or relocation. These funds may be awarded for specific eligible activities.

This program is intended to encourage and assist in the creation of jobs in Citrus County, but is not intended to be a replacement for other funding sources such as the Federal Economic Development Administration, Workforce Development, Enterprise Florida, or Community Development Block Grants.

back to top

Economic Incentive Program

Click Here for Printable Details and Application

The Citrus County Board of Commissioners has developed the Citrus County Economic Development Incentive Program to encourage new businesses when targeted. The Board has the authority under Section 125.045, Florida Statutes to provide economic incentives to provide a stronger, more balanced, and stable local economy.

This program is intended to encourage and assist in the creation of jobs in Citrus County, but is not intended to be a replacement for other funding sources such as the Federal Economic Development Administration, Workforce Development, Enterprise Florida, or Community Development Block Grants.

back to top

Job Growth Incentive Program

Click Here for Printable Details and Application

The Citrus County Board of Commissioners has developed the Job Growth Incentive Grant Program to encourage new businesses when targeted. The overall goal of this program is to provide economic stimulus for Citrus County through job growth incentives.

All relocation, expansion or start-ups must create five (5) or more new full-time or full-time equivalent non-retail jobs working on-site at the company’s facility that is located in Citrus County. The required number of jobs will be provided and filled within an agreed number of months from the effective date of the grant agreement. The company and the EDC will negotiate a job creation time frame. The agreed upon number of jobs must be maintained for a minimum of 12 months commencing upon the company providing the EDC with verification of compliance by the company.

The base award per application will be $1000.00 per job created.

back to top

Medical Recruitment Incentive Program

Click Here for Printable Details and Application

The Medical Recruitment Incentive Program is one of several economic development initiatives established in cooperation between the Citrus County Economic Development Council and the Board of County Commissioners to attract medical professionals to our community. This incentive program is designed to offset initial government assessed start-up expenses incurred when a physician or group of physicians desire to construct a new medical facility within Citrus County.

back to top

Local Small Business Assistance Program

Click Here for Printable Details and Application

The Local Small Business Assistance Program is one of several economic development initiatives established in cooperation between the Citrus County Economic Development Council and the Board of County Commissioners to provide additional job opportunities within the Citrus County economy. This incentive program is designed is designed to offset government assessed expansion costs incurred when an existing business desires to expand within Citrus County.

Tax Abatement Incentive Program


The Tax Abatement Incentive Program is a new economic development initiative established in cooperation between the Citrus County Economic Development Council and the Board of County Commissioners to provide a property tax refund to new businesses or expanding local businesses within qualified target industries. This program can provide a refund to those businesses investing $500,000 and creating at least 12 jobs with higher than average wages for the county. The businesses could receive refunds for up to 10 years on property taxes paid of up to 100 percent of the taxes assessed on the new capital investment.

Printable Details and Applications will be available shortly.

EDC Incentive Programs – A Quick Reference Guide.

This guide is to be only used as a helpful reference tool when reading through our various incentive programs. The applications themselves dictate in further detail the requirements for all of the programs and should be used as the definitive guide.

For more information about applying for any of these programs please contact the Citrus County EDC at (352)-795-2000 or email us at inquire@citrusedc.com

back to top