High Impact Performance Incentive Grant (HIPI)

The High Impact Business Performance Incentive Grant is a negotiated incentive used to attract and grow major high impact facilities in Florida. Grants are provided to pre-approved applicants in certain high-impact sectors as designated by the Governor's Office of Tourism, Trade and Economic Development (OTTED).

Once recommended by Enterprise Florida, Inc. (EFI) and approved by OTTED, the high impact business is awarded 50 percent of their eligible grant upon commencement of operations and the balance of the awarded grant once full employment and capital investment goals are met.

ELIGIBILITY

In order to participate in the program, a company must apply to Enterprise Florida prior to making a decision to locate or expand in Florida. In order to qualify for consideration under the program, an applicant must:

• Be in a designated high impact sector (currently silicon technology, transportation equipment manufacturing, or biomedical technology);
• Create at least 100 new full-time equivalent jobs in Florida in a designated high impact sector in a 3-year period; or if a research and development facility, create at least 75 new full-time equivalent jobs in a 3-year period; and
• Make a cumulative investment in the state of at least $100 million in a 3-year period, or if a research and development facility, make a cumulative investment of at least $75 million in a 3-year period.

For additional information contact the Economic Development Council of Tallahassee/Leon County, Inc. (850) 521-3111.