Orion Edge, a local military defense company, recently signed an 8,008 square foot facility in the Hillsborough County Westshore District just months after relocating its headquarters to the region from Denver, CO.
Available Incentives and Tax Advantages
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Tampa’s Favorable Cost Advantages
Tampa’s cost-friendly business environment and favorable tax climate, coupled with workforce training grants and other resources, helps lower the barriers to market entry and mitigate the cost of relocation and expansion.
Available Incentives
At the state and local level there are incentives that help lower the costs of relocation and expansion: Workforce Training Incentives, Infrastructure Incentives, and Special Opportunity Incentives.
City of Tampa's Business Incentive Map:
The City of Tampa has developed a tool for new and existing businesses within the City of Tampa limits to look up available incentives at the local, state, and federal levels.
Quick Response Training Program (QRT):
Reimbursable training expenses for instructor wages, curriculum development and materials for new value-added businesses or provide existing Florida businesses the necessary training for expansion.
Target Area Programs, including Opportunity Zones, New Markets Tax Credits, and Community Redevelopment Areas.
Target Area Programs
including Opportunity Zones, New Markets Tax Credits, and Community Redevelopment Areas.
The Tax Advantage
The state and local tax climate is perhaps a more compelling reason to invest in the region, which is why Chief Executive Magazine consistently ranks Florida as a top state for business.
#1 Best State Business Environment
– WalletHub, 2023
#1 For Attracting and Developing a Skilled Workforce
– Lightcast, 2023
#2 Best State for Business
– Chief Executive, 2024
What's New in Tampa Bay?
One year ago, our leadership team was putting the finishing touches on Future Ready: Tampa Bay, our 2026–2028 Strategic Plan. which positions us to compete in an increasingly complex and rapidly changing global economy.
Over the next five to ten years, thousands of our region’s most experienced workers including welders, technicians, EMTs and paramedics, and other skilled trades professionals are approaching retirement.