Why the City of Inverness is RIGHT for your business
Inverness is an active retail, residential and community services market in Citrus County. A growing commercial and professional services base combines with a revitalized and picturesque downtown area. The Inverness Airport and future business park will offer a diverse and growing selection of industrial sites. Explore the opportunities in Inverness for your new business address.
The City of Inverness is the County Seat, located 30 miles southwest of Ocala in Marion County and 65 miles north of Tampa. The City is accessed by US Hwy 41 to the north, SR 44 east and west, a cross state highway corridor that connects to Interstate 75. Inverness has quick access to Orlando (75 miles) and Tampa and the two (2) respective International Airports. A local airport and soon to be developed business park complex enhance Inverness's efforts to provide a cost effective and logistically important location to do business while providing an exceptional quality of life.
Incorporated in 1919, Inverness "first growth period" came late in the first decade of the new century and continued into the 1920's. The City excels at preserving its past, while building for the future. The historic Citrus County Courthouse located on the square and the new Courthouse nearby compliment the historic downtown commercial district.
Growth & Lifestyle
The City of Inverness is primarily low/medium density residential with a retirement and service based economy. According to the 2010 Census, population was estimated to be 7,203 persons. The City seeks to attract new business which will compliment and support existing developed areas including (5) public school facilities, Citrus Memorial Hospital and the Citrus County School Board. Public and private partnerships will be encouraged to improve, expand, enhance and diversify the economy and the tax base citywide.
The City of Inverness offers the Downtown Commercial Facade Program. This program matches grants up to $7500 to benefit property owners in the downtown Community Redevelopment Agency area. Contact Community Development for more information.
Business Assistance Programs Available
The Citrus County Economic Development Commission (EDC) offers several programs.
- Score/EDC Microloan: Provides a $2500-$5000 micro-loan with 3 year term and rates below prime.
- Economic Development Incentive: Potential ad valorem tax relief for up to 10 years.
- Utility Expansion: Funding assistance for water & sewer lines, fire hydrants and infrastructure installation, including engineering and clearance costs.
- Job Growth Incentive: Provides $2000 per job created, as well as grant monies for payment of impact fees, special assessments and water & sewer connection fees. Maximum award is $100,000.
Enterprise Florida contains a myriad of information of why pursuing a business in Florida makes sense and offers a menu of programs to help make that happen. The list ranges from incentive programs to small business administration loans and venture Capital. To learn more about all program offerings, make sure to visit thewebsite.