High Impact Performance Incentive Grant (HIPI)

High Impact Performance Incentive Grant (HIPI)

The High Impact Performance Incentive is a negotiated grant used to attract and grow major high impact facilities in Florida. Grants are provided to applicants pre-approved by the Governor¡¦s Office of Tourism, Trade and Economic Development (OTTED) working in cooperation with the Economic Development Corporation of Sarasota County. In order to participate in the program, the project must:

Operate within designated high-impact portions of the following sectors: Life Sciences, Financial Services, Transportation Equipment Manufacturing, or Semiconductors;

Create at least 100 new full-time equivalent jobs (if a R&D facility, create at least 75 new full-time equivalent jobs) in Florida in a three-year period; and

Make a cumulative investment in the state of at least $100 million (if a R&D facility, make a cumulative investment of at least $75 million) in a three-year period.