Industrial Development Authority
About the IDA
Founded in 1980, the St. Johns County Industrial Development Authority (IDA) consists of a 5-member board appointed by the Board of County Commissioners.
The primary purpose of the IDA is to issue tax-exempt bond financing for manufacturing facilities within the county. The IDA can also issue bonds for certain exempt facilities such as water & sewer projects, solid waste and hazardous waste facilities as well as bonds for tax-exempt 501 (C)(3) non-profit organizations. By utilizing the tax-exempt financing, the end user receives a lower interest rate and therefore has a more economically viable project.
The IDA is instrumental in attracting new manufacturing businesses to St. Johns County and expanding existing facilities. Over the past 30 years, the IDA has issued more than $500 million dollars in tax-exempt bonds.
The IDA meets on the 2nd Monday of each month in the BCC Executive Conference Room, County Administration Building, 500 San Sebastian View, St. Augustine.
IDA Board Members
Henry Green III
To learn more about the IDA visit their website: www.saintjohnscountyida.com.
Melissa S. Glasgow
P: (904) 209-0552