STEP 1: Contact Your Franchise Consultant in Jacksonville, Florida
Using a franchise consultant to help you find the franchise business of your dreams, is probably the smartest things you can do as an entrepreneur. This is one of those times that “working smarter” and not harder, is the best advice you can give yourself. By hiring a franchise consultant Jacksonville, FL, you are practicing the art of delegation and efficient time-management practices. A franchise consultant will do all the work in finding all of the information that you will need, from finding the right franchise that fits your goals and your personality, to the financing you will need to fund your franchise business. Savvy Franchise has all the franchise resources you need to make the best decision possible.
Call Savvy Franchise At 706.453.1404
Is Jacksonville The Right City to Start Your Franchise?
A host of state and local economic incentives are available to businesses located in or moving to Downtown Jacksonville. Incentives for new job creation, job development, and infrastructure enhancements are based on job type, number of jobs, wages, and economic impact.
A significant portion of Downtown Jacksonville is within Jacksonville’s federally established Empowerment Zone (EZ). The Empowerment Zone designation allows businesses access to programs designed to spur economic development and revitalization. Below are a few examples of Empowerment Zone incentives available to many Downtown businesses.
EMPOWERMENT ZONE EMPLOYMENT CREDIT
This incentive offers credit against federal taxes up to $3,000 for eligible businesses for each year of EZ designation for every existing employee and new hire who lives and works in the Empowerment Zone. This program cannot be combined with the Work Opportunity Tax Credit or the Welfare to Work Wage Credit.
WORK OPPORTUNITY TAX CREDIT
This incentive offers eligible businesses credit up to $2,400 against federal taxes for each new hire from groups that have high unemployment rates or other special employment needs, including youth ages 18 to 24 who live in an EZ and summer hires ages 16 to 17 who live in an EZ. This program cannot be combined with the Welfare to Work Credit.
WELFARE TO WORK WAGE CREDIT
This incentive offers a two-year credit against federal taxes for eligible businesses that hire long-term family assistance recipients.
INCREASED SECTION 179 DEDUCTION
This incentive allows eligible businesses to claim an increased Section 179 deduction if they qualify as an Enterprise Zone Business. Deductions may be claimed on certain depreciable property, such as equipment.
Part of Downtown Jacksonville is located within Jacksonville’s Enterprise Zone (EZone), which allows qualified businesses to take advantage of the financial incentives offered by state and local government. Below are a few examples of Enterprise Zone incentives available to many Downtown businesses.
ENTERPRISE ZONE JOBS TAX CREDIT
This incentive allows eligible EZone businesses to take a tax credit against state sales tax or corporate income tax for employees residing within the Enterprise Zone.
BUSINESS EQUIPMENT SALES TAX REFUND
This incentive allows eligible businesses a refund of sales tax of up to $5,000 paid on certain business equipment used in the Enterprise Zone.
BUILDING MATERIALS SALES TAX REFUND
This incentive allows eligible businesses a refund of sales of up to $10,000 tax paid on building materials used for property renovation in the Enterprise Zone.
ENTERPRISE ZONE PROPERTY TAX CREDIT
This incentive allows eligible businesses to take a credit of up to $50,000 of local property tax liability against state corporate income tax.
STEP 2: Take Your Business Assessment
Before you look for your franchise business for sale in Atlanta, let’s see what type of franchise fits your “Savvy” business personality, by taking our FREE Business Profile Assessment tool. You’ll receive a comprehensive profile report that will show you what type of business will work with your management style.Click Here To Start Your Business Skills Assessment
STEP 3: Find Your Franchise
Now that you’ve chosen Altanta, Georgia for your franchise business, find the franchise of your dreams by using our Franchise Search Tool and find the franchise business you’ve been wanting to own and build for your family’s future!