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Brownfield/Orlando Economic Enhancement District

Click here to view a map of Downtown Economic Enhancement District (OEED)

Overview

The Orlando Economic Enhancement District Program (OEED) is a State of Florida economic development tool encouraging redevelopment of properties by businesses and property owners. OEED is a brownfield designation and includes sites that have the perception of contamination or blight.

Incentives

  • Job creation bonus refund of up to $2,500 per job for QTI applicants
  • Tax credit of 35% on voluntary cleanup costs (10% additional credit during the final year of cleanup)
  • Low-interest loans for the purchase of liens, tax certificates or other claims
  • Risk-Based Corrective Action principles
  • Sales tax credit on building materials used for the construction of a residential or mixed use redevelopment project
  • Up to five years of state loan guarantees of loan loss reserves
  • Grants/loans available for cleanup

Criteria

  • The applicant must be located within the Orlando Economic Enhancement District boundary area.
  • The applicant must not be responsible for the contamination or blight.
  • The applicant must be expanding or redeveloping property.

For more information, please contact the Business Development Division at 407.246.2821.

State of Florida Brownfield Program website: www.dep.state.fl.us/waste/categories/brownfields/

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