Do We Qualify?

Existing manufacturers and not-for-profit corporations are eligible to apply. Applicants need to demonstrate that IDRB financing would fund business expansion projects within the Orlando region. Projects must be economically beneficial to the county, provide gainful employment, and protect the environment, as well as the general welfare and public health of the state of Florida. Commercial and industrial applicants must also demonstrate that at least 75% of the space/facility built using IDRB funds would be used for core manufacturing. It is recommended that applicants consult with bond counsel to determine eligibility.

How do we apply?

The Orlando Economic Partnership serves as the point-of-contact for bonds in Orange and Seminole Counties. Determine in which county the facility will be located and refer to that county’s bond application guidelines listed to the right under “Downloads.” 

Note: For Osceola County, IDRB information is available through the county’s economic development department.

Contact a certified bond counsel to work with you and the Partnership throughout the application process.

Submit required number of copies of the application and the application fee of $1,500 to the Partnership three weeks prior to a regularly scheduled meeting.

Orange County: Meets every 3rd Tuesday of every month, 2 p.m.
Orange County Admin. Building, 3rd Floor, Conf. Room B
Orlando, FL 32801

Seminole County: Meets every 3rd Tuesday of every month, 8:30 a.m.
Orlando EP, Seminole County Office
1055 AAA Drive, Suite 142
Heathrow, FL 32746

What happens next?

The Partnership submits qualified applicants to the Industrial Development Authority (IDA), who will assist in the review and approval of the bond resolution.

IDA approved applications are submitted to the appropriate County Commission for final approval.

What is the minimum/maximum Bond amount?

The minimum is $1.25 million. The maximum for manufacturers is $10 million; no maximum for 501(c)3 not-for-profit organizations. Provided that the total of all of the borrower’s capital expenditures during the period beginning 3 years prior to the issuance of the bonds and ending 3 years after the issuance of the bonds with respect to the borrrower’s facilities within the local jurisdiction, plus the amount of the bonds, will not exceed $20 million. No limit for tax-exempt organizations. Note: 501(c)6 do not qualify.

What is the interest rate?

Typically below conventional commercial lending rates.

How long is the term?

Up to 30 years.