Business First! provides special attention to prospective and existing business owners by offering a wide range of programs and services. City representatives work with various business development agencies to provide the support and resources needed for business owners and entrepreneurs to be successful in the City of Lauderdale Lakes. We combined these resources in the delivery of three services:
Companies that operate within the designated foreign trade zone can implement more effective economical solutions for cargo storage, merchandise manipulation and manufacturing needs through incentives that offer the opportunity to:
* Defer, reduce or eliminate Customs duties on products admitted into the zone
* Save on taxes and improve bottom line results
* Expand in the United States and Abroad
* Boost competitiveness domestically and internationally
For more information on the designated FTZ area, view the Foreign Trade Zone Map.
For more information on the foreign trade zone, view the FTZ Information Document.
Opportunity Zones Program
In December 2017, the Tax Cuts and Jobs Act of 2017 was adopted. This Act includes the establishment of an Opportunity Zones Program to provide tax incentives, including a temporary deferral on capital gains taxes, when investors reinvest those gains in qualified opportunity funds. The funds must be invested in low-income communities from designated census tracts in the Opportunity Zone.
Attached is a map showing the approved Opportunity Zones within the City of Lauderdale Lakes. To schedule a meeting with our Opportunity Zones Coordinators, please contact the Economic Development Division at 954-535-2492.
For more information on Opportunity Zones, view the City's Opportunity Zones Presentation.
For more information on the designated zones, view the Opportunity Zones Map.