Read verified reviews from business owners, find state/local incentives, and understand key decision data.

Target Industries

Aviation & Aerospace

Financial Services

Global Logistics

Tax Rates

Sales Tax: The sales tax rate is 7%, which equates to $7 per $100.

 

Corporate Income Tax: The corporate income tax rate is 5.5%, translating to $5.50 per $100.

 

Property Tax: The property tax rate varies, but for estimation, a rate of approximately 1.94% can be used, which is $1.94 per $100.

Reviews

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Business Incentives

High Impact Performance Incentive Grant (HIPI)

This Florida grant attracts major high-impact facilities. Applicants in sectors like clean energy, life sciences, and manufacturing must create 50 new jobs and invest $50 million (or 25 jobs and $25 million for R&D facilities) in Florida within three years.

Capital Investment Tax Credit (CITC)

Florida offers this credit to encourage significant investments. Eligible companies in sectors such as information technology and life sciences must create 100 new jobs and invest at least $25 million. The credit is up to 5% of eligible costs for 20 years, with the amount depending on the project's investment size.

Broward County Job Growth Incentive (JG)

This cash incentive promotes high-skill job growth and capital investment in Broward County. Businesses serving multi-state/international markets and creating at least 10 new jobs (above 115% of the county's average wage) can get up to $2,000 per job, with a maximum county contribution of $200,000.

Business Climate Overview

Fort Lauderdale, Florida, is a vibrant city located on the southeastern coast of the state. It is known for its beautiful beaches, extensive canal system, and as a major yachting center. The city is strategically positioned with easy access to major highways such as I-95 and I-75, making it a gateway to the Greater Miami area and other significant Floridian cities. Its proximity to the Fort Lauderdale-Hollywood International Airport also enhances its connectivity and appeal for businesses and residents alike.

Demographics: Fort Lauderdale boasts a diverse population, with a significant workforce that contributes to its dynamic economy. The city's demographics reflect a mix of cultures and ages, with a notable presence of skilled professionals in various industries. This diversity not only enriches the city's cultural fabric but also provides a robust labor pool for local businesses.

Wages: The median household income in Fort Lauderdale is competitive, reflecting the city's thriving economy and the opportunities it offers. The median rent, while reflective of the city's desirability and prime location, remains accessible compared to other major urban centers, balancing affordability with quality of life.

Key Industries: Fort Lauderdale is renowned for its maritime industry, particularly yachting and cruise lines, which significantly contribute to the local economy. Additionally, the city has strong sectors in tourism, hospitality, finance, and technology, making it a diverse and resilient economic hub.

Quality of Life: Residents of Fort Lauderdale enjoy a high quality of life, with access to world-class beaches, parks, and recreational facilities. The city's favorable climate allows for year-round outdoor activities, including boating, fishing, and golfing, among others. Cultural events, fine dining, and a vibrant nightlife further enhance the living experience in Fort Lauderdale.

Education: Fort Lauderdale is home to several esteemed educational institutions, including Nova Southeastern University and Broward College, which offer a wide range of undergraduate, graduate, and professional programs. These institutions not only contribute to the local talent pool but also engage in research and development activities that benefit the community and local industries.

Businesses: The city hosts a number of top corporations and companies, particularly in the maritime, finance, and technology sectors. Major employers include AutoNation, Citrix Systems, and DHL Express, among others, which provide significant employment opportunities and contribute to the city's economic vitality.

Economic Development Organizations: Several organizations are at the forefront of local economic development in Fort Lauderdale. The Greater Fort Lauderdale Alliance, for instance, plays a crucial role in attracting and retaining businesses, while the Fort Lauderdale Chamber of Commerce supports businesses of all sizes through networking, resources, and advocacy. These organizations, among others, are instrumental in fostering a conducive business environment and promoting economic growth in the city.

Map

Fort Lauderdale, FL image

Our Team

Daphnee A. Sainvil photo
Daphnee A. Sainvil

Division Manager

City of Fort Lauderdale

Todd Holt photo
Todd Holt

Vice President, Business Development

Greater Fort Lauderdale Alliance

Bob Swindell photo
Bob Swindell

President and CEO

Greater Fort Lauderdale Alliance

Media

  • State of the city Fort Lauderdale

FAQ

Fort Lauderdale offers programs like the Enterprise Zone Program and the Urban Job Tax Credit Program to support new and expanding businesses, particularly in targeted industries.
The city has business hubs like the Fort Lauderdale Executive Airport Business Park, which caters to aviation and aerospace industries, and the Port Everglades Industrial Park for maritime businesses.
Initiatives like the Tech Runway at Florida Atlantic University and the Fort Lauderdale Tech Hub provide resources and networking opportunities for tech startups.
The city's strategic location near Port Everglades and its airport facilitates international trade, with specialized programs to assist businesses in this sector.
Programs like the CareerSource Broward and the Broward UP (Unlimited Potential) initiative offer workforce training and development to match local talent with business needs.