Florida Development Finance Corporation (“FDFC”) is a state authorized issuer of
industrial revenue bonds. FDFC issues bonds in counties throughout Florida through interlocal agreements.
FDFC offers tax-exempt, low interest bond financing to qualified, financially sound, manufacturing and 501(c)(3) non-profit organizations. This program was designed to improve low cost capital availability to Florida’s manufacturers and non profit companies that qualify for tax exempt finance under IRS rules. In addition to manufacturers, 501(c)(3) organizations that have been financed with FDFC issued industrial revenue bonds include, charter and private schools, homes for the aged, daycare facilities, and recreation centers. The bonds financed items, such as, broadcasting equipment and office facilities.
If a transaction does not meet IRS qualifying rules for tax exempt finance, it can be financed with taxable bonds through FDFC. For taxable transactions, IRS qualifying rules governing tax exempt financing do not apply. The rates for taxable bond transactions are very competitive compared to other financing instruments, such as conventional loans. To find out if your project might qualify for tax exempt or taxable bond financing through FDFC, please contact the FDFC staff and review the Frequently Asked Questions (FAQ) for more information below.
FREQUENTLY ASKED QUESTIONS (FAQ)
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