Oviedo Information

INCENTIVES

City Incentives

The City of Oviedo has a robust menu of incentives available for targeted industries and small businesses that seek to relocate or expand in Oviedo.

Oviedo's Targeted Industries include:

  • Finance and Insurance
  • Professional, Scientific and Technical services
  • Research, Development and Testing
  • Space Technology, Aviation and Aerospace
  • Simulation, Modeling and Training
  • Laser Technology
  • Photonics
  • Computer Software and Hardware
  • Medical Labs and Technology
  • Communications
  • Corporate Headquarters

 

Oviedo has the following incentive programs available:

Jobs Growth Incentive Program:  A cash incentive for new or expanding targeted industries and the new jobs created, up to $2,000 per new job.

Impact Fee Assistance Program:  Impact fee credits for City charged impact fees for new or expanding targeted industries and the new jobs created, up to $2,000 per new job.

Incubator Business Rental/Lease Subsidy:  City pays up to $12,000 in one year of rental subsidies to incubator prgram graduate companies that locate within the City.

Ad-Valorem Tax Abatement:  City-based ad-valorem taxes may be abated for up to 10 years for qualifying targeted industries' new construction, facility improvements or new equipment installed on-site.

Expedited Permitting:  Oviedo provides expedited permitting services for all business expansion and relocation projects.

Incentive Partnering:  The City of Oviedo partners with Seminole County and the State of Florida to provide matching funds and access to State, Regional and National grants and incentive programs for qualifying target industry expansions and relocations.

Applicants should contact the City Manager regarding program eligibility and funding availability.  Additional information regarding the City of Oviedo's performance based business recruitment and retention incentives is available on the City's website  www.cityofoviedo.net 

 

County Incentives

The Board of County Commissioners established a Jobs Growth Incentive (JGI) Trust Fund for both new and existing companies.  Seminole County will consider providing incentive dollars for items such as training, relocation expenses and development costs for companies that satisfy selected job creation and wage criteria.  Preference is given to new construction and to companies locating in targeted areas within the County.

MAJOR BUSINESS DISTRICTS        
               
District   Classification   Industry Focus  
               
S.R. 434   Commercial/Office   Retail/Office/Service  
Downtown   Commercial/Office   Retail/Office/Service  
S.R. 426/C.R. 419 Commercial/Office/Industrial Retail/Office/Service Light
           Manufacturing  
Mitchell Hammock Road Commerical/Office   Retail/Office/Service  
Oviedo Marketplace Commerical/Office   Retail/Office/Service  
Oviedo on the Park Mixed     Mixed Residential/Retial/
          Office/Entertainment  
 
RECENT BUSINESS ESTABLISHMENTS
           
Oviedo on the Park   429 dwelling units; 49,407 s.f
(New Downtown)   office/entertainment/retail space
      (Phase 1)    
      1595 dwelling units; 235,000 s.f.
      retail/entertainment; 60,000 s.f.
      office (build-out)  
      5 acre park with community center
      & amphitheater  
           
Alafaya Crossing   24,510 s.f. retail/office space
           
Alafaya Trails   200,000 s.f. retail/office space
(Arborview)   130 dwelling units  
           
Central Avenue   58 dwelling units; 14,300 s.f.
Mixed Use     commercial/office space
           
Hammock Crossing   28,684 s.f. office/bank/restaurant
      space    
           
Oviedo Forest   50,000 s.f. commercial/office space
      219 dwelling units  
           
Oviedo Mall   1,440,000 s.f. retail space
           
Oviedo Mall   28,461 s.f. commerical/office
Parcel 16     space    
           
Sanctuary Point   10,250 s.f. medical office space
Medical Office        
           
Shoppes of Alafaya   19,400 s.f. retail space  
           
Taylor Landing   15,210 s.f. commercial/office space
           
379 E. Broadway   18,962 s.f. commercial/office space
           
Approval for a new, full-service, emergency department
           

Infrastructure program including:

   
Widening of SR 426/CR 419 corridor within the city  
Construction of traffic signal at Mitchell Hammock and 
Clara Lee Evans