What is the purpose of QTI?
Florida competes with other states and foreign countries for the high-wage jobs created by businesses in innovative industries. To effectively compete, Florida uses performance-based business incentives as part of its economic development toolkit. In exchange for a business creating jobs in the state, the business receives a tax refund once new jobs are created. The state administers these financial incentives with oversight and approves the incentives only in situations when they clearly will play a material role in convincing a targeted business to locate or expand in the state. Incentives may be the deciding factor for businesses making site selection decisions in a globally competitive environment. While modest compared with the job-based incentives offered by many of Florida’s competitor states and nations, QTI is working to achieve Florida’s goals of economic diversification, higher-wage job creation and increased capital investment. Without QTI, Florida communities may be at a d
