Industrial Revenue Bonds from the St. Johns County, FL IDA
The St. Johns County IDA offers Industrial Revenue Bonds (IRBs) of $2 million and more for businesses to develop capital projects. The benefits of using IRBs from the St. Johns County IDA for qualifying businesses are:
- 100% financing may be possible with an IRB
- Interest may also be tax-exempt, resulting in a lower interest rate than traditional financing
- IRBs are usually exempt from Florida taxes as well
- Local government approval is necessary, but there is no government involvement
The St. Johns County IDA works with industrial companies, manufacturing companies, non-profit organizations and hospitals to facilitate this financing, which can be used to purchase and renovate existing facilities, purchase real estate, refinance existing project debt, purchase new manufacturing equipment and construct new facilities.
For more information about IDA bonds, check out our FAQs.
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