Incentives
The State of Florida partners with Walton County to provide incentive packages specifically crafted to meet the needs of new and expanding companies. Program offerings include tax credits, training assistance and in some cases, grant assistance. In addition to the incentives listed below, please visit Enterprise Florida's website to learn more about all of the incentives offered by the State of Florida.
Enterprise Zones
Walton County is one of only a few counties in Florida with three designated Enterprise Zones. Companies that establish operations within the Enterprise Zones benefit from tax exemptions and credits. Walton County is designated as a “rural county” by the State of Florida due to the county’s population. Enterprise Zone benefits are increased and expanded in rural counties.
Qualified Target Industry Program
The State of Florida targets certain high-value added industrial sectors that will help grow the local and state economy. Businesses that fall in one of the Qualified Target Industries are elligible for certain tax refunds. To see if your business qualifies, visit Enterprise Florida's website.
Ad Valorem
As an additional benefit to encourage job creation and development, the DeFuniak Springs City Council has the ability to consider Ad Valorem tax abatements on a case-by-case basis. Tax savings can be significant during the term of exemption.
Land Grants
Industrial and distribution projects with significant job creation are highly desired in Walton County. The Walton County Economic Development Alliance can offer land grants for projects the choose to locate within Walton County Industrial Park at Freeport that meet certain job creation criteria.