Chairman's Advisors

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Industrial Revenue Bonds Program

 

Sarasota County provides tax-exempt financing through its Industrial Revenue Bonds (IRB) program to qualified businesses within the county.  Financing must be used for the acquisition or improvement of capital assets, for example, the purchase of land, buildings or production machinery and equipment, as well as for construction or renovation of buildings and may be available for the refinancing of existing taxable or non-taxable debt in certain cases.

 

Industrial Revenue Bonds (IRBs) are a popular alternative among the growing financially sophisticated business communities in Florida. They provide low interest, market-rate driven capital for business expansion, new building construction, and business equipment. Typically, IRBs are available for the manufacturing sector.