City of Longwood Incentives
Micro-enterprise Revolving Loan Fund
The program is designed to assist the development and sustainability of the micro-business by partnering with organizations proving training and business development while being a source of funds for businesses that may have a difficult time in obtaining conventional financing. The Program has been designed to provide small businesses located within the City of Longwood a borrowing option. Loans range from $500 to $10,000. The applicant must submit a detailed business plan with their application and be willing to work with organizations such as the Small Business Development Center (SBDC) to assist in their company's success. Access the Micro-enterprise Loan Fund's Application (PDF).
Longwood Economic Development Tax Abatement Program
The program provides a City of Longwood Ad Valorem Tax Abatement for new businesses to the City of Longwood or the expansion of a current business. There are requirements to be met and the granting or refusal of exemptions is at the sole discretion of the Longwood City Commissioners.
Longwood Economic Enhancement Program (Brownfields)
The City of Longwood has designated current Brownfield areas. The funding to assist in the assessment and redevelopment of these areas is state and federally funded. View the designated LEEP Map (PDF). Be aware that recent legislation has changed the requirements for receiving the various incentives. For additional information regarding the qualifications and incentives associated with a Brownfield visit the following links; Brownfield Incentives, Brownfield Area vs. Brownfield Site
Longwood Green Building Program
A City of Longwood program that promotes a sustainable future through environmentally-sensitive development. The City offers assistance through fast-track processing of permits, site plan fee reduction, marketing, and award recognition.
Seminole County Jobs Growth Incentive Trust Fund
The program is funded through an agreement between Seminole County and the City of Longwood and provides monetary incentives for qualified Target industries and businesses. The funds may be used for relocation, impact fee, permitting or any other legitimate business costs. Applicants must demonstrate the creation of high paying jobs and substantial capital investment to be eligible to receive funds. Preference is given to projects that are constructing new buildings. The program is available to new, relocating and expanding companies in Seminole County. New start-up companies must create a minimum of 3 new jobs that earn 80% of the county's average minimum wage.
Expanding companies must increase their employment base by a minimum of 10% and the jobs must earn a minimum of at least 80% of the county's average annual wage. Companies relocating within Seminole County will need to create a minimum of 25 new jobs and must earn 115% of the county's average annual wage. The county's current average annual wage is $41,776. Incentives are awarded on a case-by-case basis by the Board on County Commission.
Downtown Historic District Matching Grant Program
The purpose of the Downtown Historic District Matching Grant Program is to provide assistance to property owners to restore, improve or re-create historic architectural features of facades of structures anywhere within the City of Longwood Downtown Historic District. All grant funds awarded require a matching dollar-for-dollar expenditure by the owner. The allocation is on a first come basis and availability basis. The funds may be awarded as follows: 1) Contributing Structures, up to $5,000 and 2) Supporting Structure, up to $3,000.
Raising Energy Efficiency Program (REEP)
The City of Longwood has created a new economic development initiative to promote energy efficiency while also providing a boost to the local Longwood economy. The Raising Energy Efficiency Program is an incentive for Longwood residents to utilize contractors, suppliers or other businesses located within the city limits when making energy efficiency improvements to their home. The program offers rebates of up to $500 a year per owner-occupied residence. For additional information see the City of Longwood's Building Department.