Industrial Development Bond financing is authorized for research and development parks, industrial and office buildings, warehouses and distribution facilities, machinery and equipment purchases and other qualified projects.
The State of Florida has created a separate $75 million pool of private activity bonds strictly for the benefit of manufacturing facilities. The first $75 million of Florida’s volume limitation for private activity bonds is allocated to this new manufacturing bond pool. Furthermore, if 75 percent of the pool is used by November 15th in any year, an additional $7.5 million is added to the following year’s allocation.
The Enterprise Florida Capital Partnership passed by the 1993 Florida Legislature, will create a supportive financial community within Florida and secure more lending for industry. The partnership will provide a mechanism to loan capital for relatively small credit-worthy borrowers who need long-term debt financing. The partnership will leverage private investment, including more Florida-based venture capital and create a more dynamic private market for small and early stage financing.
Tax Increment Financing allows for negotiable redevelopment bonds to be issued and used to finance land acquisitions and public improvements in order to facilitate private investment in a designated area.
State Procurement Incentives are available, which permit spending up to ten percent more for products made from recovered materials.