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.
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.
Ad Valorem
As an additional benefit to encourage job creation and development, the Walton County Board of Commissioners 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 requirements located Walton County Industrial Park in Freeport that meet certain job creation.