Unlock Economic Growth in Seminole County

Industrial Revenue Bonds (IRBs) are a strategic financing tool offered by Seminole County to nurture economic development, attract private investment, and create high-quality jobs. IRBs are a mutually beneficial tool that drives growth to our local ecosystem by minimizing public expenditure while simultaneously empowering business growth and expansion.

What Are Industrial Revenue Bonds (IRBs)?

IRBs are a type of financing that offer below market interest rates through tax exempt bonds backed by a government entity, such as Seminole County. These bonds help fund the construction, purchase, or renovation of facilities that bring long-term economic value to the community. This includes projects like:

•           Industrial and Manufacturing Plants

•           Research and Development Parks

•           Agricultural Processing or Storage Facilities

•           Warehousing and Distribution Centers

•           Health Care and Educational Facilities

•           Tourism and Commercial Projects

Although the County issues the bonds, the company, not the County, is fully responsible for paying them back. This means there is no financial risk to local taxpayers.

How Do IRBs Work?

Here’s how the process works, step by step:

1. A business applies to Seminole County to use Industrial Revenue Bonds for an eligible project.

2. If approved, the County issues the bonds and passes the funds to the business to cover project costs.

3. The business repays the bondholders over time, usually using income generated from the project itself.

In some cases, businesses may also qualify for additional benefits, such as temporary property tax reductions on the new facility.

Why Use IRBs?

IRBs offer several major advantages for businesses that qualify:

• Lower Interest Rates

Because the bonds are tax-exempt, businesses can borrow money at lower rates than standard commercial loans.

• Long-Term Stability

Interest rates can be locked in for 10 to 30 years, helping companies plan financially with confidence.

• Easier Access to Capital

IRBs can make it possible for businesses to take on large expansion projects that might otherwise be out of reach.

• Possible Tax Incentives

On top of lower borrowing costs, some businesses may also qualify for state and local tax benefits.

How Seminole County Benefits

IRBs don’t just help businesses; they also support community growth:

• More Jobs

As companies build and expand, they create new employment opportunities in key sectors like manufacturing, logistics, healthcare, education and tourism.

• No Risk to the Public

Since businesses, not the County, are responsible for repaying the bonds, taxpayers aren’t on the hook for any costs.

• Stronger Local Economy

New and growing businesses boost the local economy through job creation, increased spending, and future tax revenue.

• Business-Friendly Reputation

Offering IRBs helps Seminole County stand out as a forward-thinking, business-friendly community in Central Florida.

Why Choose Seminole County?

Located in the heart of Central Florida, Seminole County is a strategic location offering access to major transportation corridors, a highly skilled workforce, and a dynamic network of public and private sector partners. Its proximity to world-renowned theme parks, pristine beaches, and tranquil natural springs makes it more than just a smart place to do business but also a great place to call home.

Whether you're expanding a manufacturing facility, launching a high-tech research center, or developing tourism or healthcare ventures, Seminole County is ready to support your success. Our streamlined application processes and personalized guidance make it easy to get started.

Ready to Learn More?

If you're considering a major capital project in Seminole County, Industrial Revenue Bonds could be the right tool to move it forward. Contact our economic development team today to explore eligibility and start the application process.

CONTACT

ESTEBAN SALDARRIAGA

Secretary, Seminole County Industrial Development Authority (SCIDA)

O: (407) 665-2909 

C: (407) 419-0298

E: esaldarriaga@seminolecountyfl.gov

Let’s grow together — Smart financing for a stronger Seminole County.