Industrial Development Authority

Industrial Development Authority (IDA)

 

Established: November 4. 2024 Resolution 2024-98

 

Function: The primary purpose of an Flagler County Industrial Development Authority (IDA) is to issue tax-exempt bond financing for certain economic development projects within Flagler County.   By utilizing the tax-exempt financing, the end user receives a lower interest rate and therefore has a more economically viable project.  Tax-exempt bonds may be issued for:

 

  • Manufacturing facilities
  • Water & sewer projects
  • Solid waste facilities
  • 501(c)(3) Nonprofit organizations
  • Expansion of qualifying businesses

 

Proceeds realized resulting from IDA activities will be used to enhance the economic competitiveness of Flagler County.

 

Membership: The Board is comprised of seven (7) members with representatives from the following professions: attorney-at-law; business at large; commercial banker; real estate broker; and CPA / Financial professional.

 

Appointment Terms: 4-year staggered terms. 

 

Meeting Date/Time: Monthly the 3rd Tuesday at 1 pm

 

Meeting Location: Flagler County Government Services Complex, 1769 E. Moody Blvd, Bldg 2 Board Chambers, FL 32110

 

Staff Liaison: Tywan Arrington, Economic Development Manager (386) 313-4070

 

    Back to top