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FL
City of Jacksonville Recaptured Enhanced Value Grant
Performance-based property-tax rebate incentive for qualifying development and expansion projects.
About this program
The Recaptured Enhanced Value Grant, or REV Grant, is a Jacksonville economic development incentive that rebates a portion of new ad valorem tax value generated by an approved project. It is used for qualifying redevelopment, business expansion, and job-creating projects that meet city public investment policy requirements.
Eligibility
Businesses or developers with approved projects creating new taxable value, jobs, or public benefits in Jacksonville.
Requirements
- Apply before project commitment
- Meet negotiated investment, job, or redevelopment requirements
- Execute incentive agreement and meet annual compliance requirements