North Fort Myers Pilot Program
Following a market study conducted in North Fort Myers, the Lee County Board of County Commissioners (BOCC) directed the Economic Development Office (EDO) to research and design a program to spur the revitalization of areas within the County that have lagged in the ongoing economic recovery. Various incentive programs are now available. Click here to learn more
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. Contact us for more information.
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 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
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. Click here for more information.
Cape Coral Cash Incentive Program
This program provides reimbursement to targeted businesses for certain expansion or relocation expenses. It provides incentives of up to $1,500 per job created with wages above the average county wage. One requirement of the Cash Incentive Program is the creation of at least 5 new permanent full-time jobs, with 75% of the new employees current or planned Cape Coral residents. Applications for Cape Coral’s Cash Incentive Program are available at the Cape Coral Economic Development Office.
Cape Coral Impact Fee Deferral Program
These Florida incentives defer certain impact fees for large sectors for up to 10 years. Commercial and industrial shell buildings are also eligible for deferrals. Under this program, the city defers payment of road and utility capital improvement impact fees for new commercial or industrial building projects. Impact fees are charged to property owners to defray the incremental costs for public infrastructure. The length of the deferral is based on the type of business, the number of jobs created by the business, and how many of those jobs employ Cape Coral residents. Apply through the Cape Coral Economic Development Office.
Change of Use Road Impact Fee Waiver
Businesses considering Cape Coral as their location now have another reason to choose the city. The Cape Coral City Council has suspended road impact fees for businesses moving into existing buildings. That means if a business with a higher-impact use moves into an existing building, it is not charged an added road impact fee. Cost savings for businesses could be significant. For more information, visit our website below.
Shell Building Impact Fee Deferral
This incentive also is available to property owners of shell buildings, which are usually built as speculation. Shell building impact fees may be deferred for up to 36 months or until the issuance of permits for interior completion, whichever is earlier. The Shell Building Deferral Application can be made through the City of Cape Coral’s Department of Community Development. For more information, go to our site.
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.