In partnership and collaboration with Broward County and other various organizations, the City of Lauderhill provides valuable resources and incentives to help qualifying businesses with relocation, employee training, business improvements, and access to financial capital.
City Incentive Programs
For questions and information, contact Economic Development.
Lauderhill Micro Loan Program
- Eligible applicants: Lauderhill small business owners
- Up to $25,000
- 50% of loan is forgiven after 5 years (or 60 months) from initial payout
- Repayment on remaining balance begins at the 61st month and due within 5 years
- 0% interest
Commercial Property Improvement Program
- Eligible applicants: Lauderhill commercial property owners
- Single-tenant prop. owners can qualify for max $50,000; multi-tenant prop. owners can qualify for max $100,000
Training and Education Programs
Florida Flex offers businesses in Florida or relocating to Florida, a completely integrated talent support solution to help them compete and grow.
Whether your business needs help recruiting specialized talent, hiring new team members, training existing employees, or all three, FloridaFlex can help. Their team of business and economic development professionals can offer expertise, funding and resources – including labor market data – to help businesses succeed.
FloridaFlex connects you to multiple solutions. You can apply for just one of our programs, or take advantage of all available services for an integrated talent support solution that’s tailored to your company’s specific goals.
For more information on the Florida Flex program contact the Economic Development Division.
Your business relies on a strong, skilled team of employees to be successful. The Career Source Florida network is committed to cultivating and growing talent for businesses in Florida, and we do so through nationally recognized, flexible training grants that strengthen businesses across many industries. Career Source Florida’s customized, business-driven grant programs help Florida companies of all sizes compete and grow by keeping employees at the top of their game.
The Broward County Office of Economic and Small Business Development (OESBD) presents this NACo Achievement Award-winning training program to provide small business and economic development support and technical assistance to the local business community. Courses offered through this program are FREE and open to the public; however, REGISTRATION IS REQUIRED. Space is limited; registrations are accepted on a first come, first served basis.
For more information, contact the Community Relations and Outreach section by phone at 954-357-6400 or email.
The Urban League's commitment to promote entrepreneurship is a critical component of our goal to provide access to quality jobs in the community. Through job creation, innovation and overall economic growth, small businesses play an integral role in the sustainability of our neighborhoods.
The Entrepreneurship Center and Small Business Loan fund brings together an alliance of business owners, corporations, community partners and financial institutions to accelerate our efforts in giving entrepreneurs access to M3 (money, market and management), Our collaborative approach allows us to work closely with our clients to better understand and respond to their business' unique needs and create wealth in historically disenfranchised communities.
View more information on the Entrepreneurship Center. For a free consultation, call (954) 584-0777 or send an email to firstname.lastname@example.org.
Small Business Lending
BBIF Florida (BBIF) is a non-profit, mission-driven, Community Development Financial Institution (CDFI) that helps Florida businesses thrive by providing loan capital alongside with business development training. We also help to stabilize low-income, distressed neighborhoods by investing in economic development projects that stabilizing communities and create jobs.
Successfully running and growing a business takes time, energy and yes, money. For help with the financial side, turn to a community lender that has helped numerous businesses with their lending needs. Our business lenders will work with you to identify your needs and customize a loan solution that fits exactly what you’re looking for.
When you apply through Lendio, your dedicated personal funding manager will ask about your needs, walk you through different loan options, and help you choose the perfect small business loan.
You won’t have to deal with brokers, banks, or convoluted financial jargon. We keep it simple so you can make informed decisions and find financing fast.
The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.
The professionals at the Alliance can provide your company with information regarding any of the following types of financing assistance available in Greater Fort Lauderdale:
- Construction loans
- Small business loans
- Commercial financing
- Industrial revenue bonds
- Export/trade financing
- Other financing resources
View more information regarding business assistance or contact the Alliance at 954-524-3113.
The Capital Access Fund of Florida has a simple long term goal: to sustain existing and create additional viable minority small businesses that create jobs for community residents and build community wealth. It represents a Collaborative Partnership composed of the Urban Empowerment Fund (UEF), a subsidiary of the National Urban League (NUL), the Central County Community Development Corporation (CCCD), a subsidiary of the Urban League of Broward County (ULBC), the National Development Council (NDC)’s Small Business Lending Unit, the Community Impact Loan Fund (CILF), as well as public and private local lending partners.
Capital Access Fund Florida provides capital through the Community Impact Loan Fund (CILF) for loans from $10,000 up to $250,000 dollars. CAF FL will also provide pre and post loan counseling from experienced lending professionals.Eligible CILF applicants are for-profit minority or minority women owned businesses in business at least 18 months, viable with an ability to repay the loan and current on all federal, state and local income and payroll taxes.
Additional Incentive Programs
For more information on any of these programs please contact the Economic Development Division, or call (954) 714-3128
Florida Qualified Targeted Industry (QTI) Program
The QTI Tax Refund incentive is available for companies that create high wage, value-added jobs in targeted high value-added industries such as (but not limited to) communications, corporate headquarters, research and development, manufacturing, and electronic equipment. Pre-approved applicants who create 100 or more new jobs in Sunrise receive tax refunds of $3,000 per new full-time equivalent job created. For businesses paying 150% of the average annual wage, add $1,000 per job; and for businesses paying 200% of the average annual salary, add $2,000 per job. New or expanding businesses in selected targeted industries or corporate headquarters are eligible.
High Impact Performance Incentive (HIPI) Grant
The HIPI Grant is a negotiated incentive used to attract and grow major high impact facilities in Florida. Grants are proved to pre-approved applicants in certain high-impact sectors designated by the Governor's Office of Tourism, Trade and Economic Development. In order to participate in the program, a company must be in a designated high impact sector; create at least 100 new full-time equivalent jobs (if a research and development facility, create at least 75 new full-time equivalent jobs) in Florida in a three year period; and make a cumulative investment in the state of at least $100 million (if a research and development facility, make a cumulative investment of at least $75 million) in a three-year period.
Capital Investment Tax Credit (CITC)
The CITC is an annual credit against the project's Florida corporate income tax for up to 20 years. Eligible projects are those in designated, high-impact sectors (currently silicon technology, biotechnology, biocertain transportation equipment manufacturing, or certain information technology facilities) that create at least 100 jobs and invest at least $25 million in eligible capital costs. Eligible capital costs include all expenses incurred in the acquisition, construction, installation and equipping of a project from the beginning of construction to the commencement of operations. The level of investment and the project's Florida corporate income tax liability for the 20 years following commencement of operations determines the amount of the annual credit. Florida's Corporate Income Tax Rate is 5.5% of apportioned taxable income.
Quick Response Training (QRT) Incentive
QRT is a customer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. This program is customized, flexible and responsive to individual company needs. Workforce Florida Inc. is Florida's innovative private-public partnership for competitive workforce incentives.
Incumbent Worker Training (IWT) Program
The IWT program provides training to currently employed workers to keep Florida's workforce competitive in a global economy and to retain existing businesses. The program is available to all Florida businesses that have been in operation for at least one year prior to application and require training for existing employees.
Economic Development Transportation Fund
The Economic Development Transportation Fund, commonly referred to as the "Road Fund," is an incentive tool designed to alleviate transportation problems that adversely impact a specific company's location or expansion decision. These grants are limited to $2 million and are awarded to the local government for public transportation facility improvements.