Lee County Industrial Development Revenue Bonds
Industrial Development Revenue Bonds (IDRBs) provide a source of long-term, below-market-rate financing for new and expanding manufacturing facilities. Click here for more information on IDA Bond guidelines. For information contact go to www.leecountybusiness.com or call Lee County Economic Development Office (239) 338-3161
Gold Key Grant Program
The Lee County Economic Development Office, along with the Lee County Industrial Development Authority offers financial assistance to small businesses leveraging the US Commercial Services Gold Key Matching service. To learn more about program, visit the US Commercial Services site here. To review and submit an application for the Lee County Grant, you can access our application addendum here..
Lee County desires to provide an incentive for locating or expanding companies creating high wage employment in targeted industries. Qualified companies may be awarded up to $6,000 for each full-time, permanent job created, subject to a maximum award amount of $500,000. The incentives are paid in the form of reimbursements for the Eligible Uses of Funds and as new jobs are created. New employment paying an average wage that exceeds the Lee County average may qualify for an award of up to $2,000 per job.
- Businesses paying 115% of the annual average wage may qualify for an award of up to $3,000 per job;
- Businesses paying 125% of the annual average wage may receive up to $4,000 per job
- Businesses paying 150% or more of the annual average wage may qualify for up to $5,000 per job.
Lee County has set aside $25 million to create a negotiated, performance based incentive used to attract and grow high-value business projects that promote broad-based prosperity in our community. The incentive must be an inducement for the company to locate or expand in Lee County and the company must be approved for program participation prior to making a decision to locate or expand in Lee County.
Florida Export Finance Assistance
The Florida Export Finance Corporation offers information, technical and consulting assistance to small and medium-sized Florida exporters who have been turned down by at least one potential lender. Business must have a specific and verified order from a foreign buyer and the loan must be made to support that order. Financial assistance is available to support pre-export working capital and/or post-export receivable financing. For information visit Florida Export Finance Corporation at www.dos.state.fl.us/fefc or call (786) 845-0400.
Florida Finance Network
A group of nonprofit economic development lending organizations that connects Florida businesses with various federal, state and private-sector small business financing programs to meet specific capital needs. For more information visit Florida Finance Network at www.floridafinance.org
Florida Venture Forum
The Florida Venture Forum is the leading entrepreneurial and private company investor networking group in Florida, providing Florida-based companies with unique strategic education and guidance and opportunities to interact with and present to active funds and other equity investors as well as other members of the entrepreneurial and emerging company ecosystem. For more information go to www.flventure.org
Federal Financial Assistance
SBA offers a variety of loan programs for very specific purposes including:
SBA 7(a) Loans (up to $2 million) add links
SBA 504 Loans (up to $5 million)
SBA Surety Bond Guarantee
Small Business Innovation Research (SBIR) Grants
For more information on each loan click here: https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs
SBIR LINK: https://www.sba.gov/loans-grants/find-other-sources-financing/research-grants-small-businesses
Business Finance.com- Allows you to search the funding criteria of over 4,000 sources for business loans, venture capital, equipment leasing, and commercial real estate financing. For more information go to www.businessfinance.com
The Community Contribution Tax Credit Program (OTTED)
Encourages private sector donations to community redevelopment projects in enterprise zones and to low-income housing projects. A tax credit of 50% of the donation is allowed.
Enterprise Florida, Inc.’s (EFI) Minority & Small Business, Entrepreneurship and Capital division partners with outside organizations to provide small businesses with training, development and financing options. EFI has an extensive network of state, federal and non-profit resources ready to assist small businesses in accessing capital, entering new markets, and creating revenue growth and job creation.