- Economic Development
The Economic Development Department seeks to enhance the quality of life for residents through the expansion of the local tax base. Economic Development consists of business attraction, retention and expansion. Economic Development staff act as ombudsmen for local business owners to identify and resolve barriers that their businesses face. The Economic Development Office maintains strong relationships with state and county economic development organizations to market the City of Deerfield Beach to prospective new companies.
Please browse this web site for additional information, and contact the Economic Development Office to see how we can help you relocate your company to or start your company in the City of Deerfield Beach.
COVID-19 Business Resources
Florida Department of Economic Opportunity (DEO) Resources:
Emergency Bridge Loan Program
Available to Florida for-profit businesses with 2 to 100 employees. Offers loans to businesses for amounts up to $50,000 at no interest for up to a one year term.
Loans will be interest-free for the loan term (1 year). The Interest rate will be 12% per annum on the unpaid balance thereafter, until the loan balance is repaid in full. Loan default is subject to a normal commercial collection process.
For additional information, please see the COVID-19 Florida Small Business Emergency Bridge Loan FAQ
The Rebuild Florida Business Loan Fund
This federal fund will assist existing and new businesses that were impacted directly or indirectly by a disaster to rebuild and expand. Business Loan Fund will target industries identified by the state as key strategic markets for future growth and will focus on creating and enhancing the diversification and resiliency of Florida’s economy.
Contact Information and application for both programs:
- Website: http://floridajobs.org/rebuildflorida/businessrecovery
- Phone: 833-832-4494
- Email: FloridaBusinessLoanFund@deo.myflorida.com
- Application: https://deosera.force.com/RebuildFloridaBusinessLoanFund/s/
Short Time Compensation program for Employers
Unemployment Insurance Flexibilities during COVID-19 Outbreak
Federal law allows states to pay benefits where:
(1) An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work;
(2) An individual is quarantined with the expectation of returning to work after the quarantine is over; and
(3) An individual leaves employment due to a risk of exposure or infection or to care for a family member.
Please note that federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19.
Small Business Administration Resources
Economic Injury Disaster Loan Program
The Small Business Administration (SBA) offers disaster assistance in the form of low-interest loans to cover small business operating expenses after a declared disaster.
The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.
Contact Information and application
- Visit website
- Phone: 305-536-5058
- Email: SouthFlorida_DO@sba.gov
- Eligibility Verification: https://covid19relief.sba.gov/#/
Facebook Small Business Grants Program
Facebook will be offering cash grants and ad credits for eligible small businesses. Applications will be available in the next weeks. For more information, click here.
The Economic Development Strategy evolved from a Economic and Competitive Advantage Analysis and subsequent SWOT Analysis that assessed the existing conditions that drive the economy in Deerfield Beach.
The strategies and recommendations emanated from a recurring theme that emerged from the strategic planning process of Deerfield Beach aspiring to be a Vibrant Coastal City. This compelling theme provides a challenge and an opportunity to connect the overarching strategies that capitalize on the City’s economic strengths and opportunities while addressing existing weaknesses and threats.
It lays the groundwork for targeted business attraction and retention, workforce development, branding & marketing activities, and the development of key areas throughout the city.
We are Deerfield Beach
The "We are Deerfield Beach" video showcases the variety of small and large businesses that make our City a great place to live and work. We thank them everyday for their significant contribution to the economy, the mix they bring, and the opportunities they create.