INFRASTRUCTURE & TAX CLIMATE
Bradenton Area Businesses Benefit from Ample, Lower Cost Utilities
Electric rates for Bradenton Area businesses are often lower than in many communities outside of Florida. In addition, businesses that have intensive power demands may qualify for special rates through Florida Power & Light’s economic development program. FPL now has two special programs for economic development projects. One is a definitive tariff program (Economic Development Rider) and the other is a flexible negotiated rate (Commercial Industrial Service Rate). New or expanding businesses that add a minimum of 350 kW of new electric load and create at least 25 new jobs per 350 kW of added load can apply for an economic development rider. Businesses that are involved in making a site location decision and intend to add at least 2,000 kW new demand may be eligible to negotiate rates based on lower rates in a viable competitive location.
The Bradenton Area is among Florida’s most forward-thinking communities when it comes to planning for water and sewer infrastructure. Potable water supplies are plentiful and include the Lake Manatee reservoir, Braden River, and deep-aquifer wells. Manatee County and the City of Bradenton combined have capacity to produce a daily average of 65 MGD of potable water to area homes and businesses.
An environmentally conscious community, the Bradenton Area has invested wisely in technology to treat and re-use wastewater, and many businesses rely on lower-cost re-use water for irrigating landscapes. The city and county have capacity to provide more than 25 MGD of re-use water.
For businesses with water-intensive production processes, local governments are ready to discuss bulk rate discounts and re-use methods to conserve resources and help you manage costs.
Contact us to discuss your company’s utilities requirements and how a Bradenton Area location can help improve your bottom line.
Bradenton Area Businesses Save with Favorable Tax Climate
Start with Florida’s highly favorable tax climate for business, and then consider that the Bradenton Area’s county, Manatee, has one of the lowest total millage rates of the state’s 67 counties. Consider what your business could save in taxes with a Bradenton Area address!
Florida’s Tax Climate Ranks No. 4 for Business in U.S.
Florida’s tax climate is the fourth most favorable to business of any U.S. state, according to the Tax Foundation (2016).
Florida’s Tax Burden Ranks 6th Lowest for Residents in U.S.
Florida residents have the sixth lowest state tax burden in the U.S., and the third lowest total taxes at $2.385 per capital.
Florida Eliminates Sales Tax on Manufacturing Equipment
Beginning in May 2014, manufacturers will no longer pay Florida state sales tax on qualified equipment purchases.