Skip to main content


To further enhance the low cost of doing business in our part of Florida, Holmes County is one of Florida’s Rural Area of Opportunity (RAO) communities, offering a wide range of opportunities for tax savings and tax benefits.

Your business dollars go further given the state's limited corporate taxes and your employees benefit from 0% state personal income tax.

New Market Tax Credit

The entire county also qualifies for the New Market Tax Credit - a tax credit against federal income tax in exchange for making equity investments in an underserved community like Holmes County. The credit totals 39% of the original investment amount and is claimed over a period of seven years.

Additional Incentives

Our business-friendly community welcomes discussion of additional incentives unique to the project, depending on capital investment and job creation impact.

Explore the Full List of Incentives »

Florida Business Facts

  • Florida ranked #4 in the nation and #1 in the Southeast for the most competitive business tax system by Tax Foundation (2016).
  • Florida has the 7th largest economy and is 3rd in the nation in economic growth – US News and World Report (2017)
  • Florida is the 3rd most populated state (larger Congressional base) – US Census 2015
  • Florida ranks #2 in the nation of Best State for Business on a wide range of criteria from taxation and regulation to workforce quality and living environment – Chief Executive (2017)
  • Florida is 4th in the nation in Job Growth and #1 in Entrepreneurship  - US News and World Report (2017)
  • Florida earned another Silver Shovel Award in 2017 from Area Development magazine for states with a population of over 15 million.