Industrial Development Authority
Doing Business in St. Johns County
St. Johns County has been one of the fastest growing counties in the US, with a current population over 190,000. The high quality of life in St. Johns County is extremely desirable, contributing to the recent growth. St. Johns County offers some of the lowest utility costs in Florida, below average property taxes, no personal income tax, a sales tax below the state average, a friendly corporate tax structure, and a county incentive package for relocating and hiring. Additionally, community assets include:
- Highest ranked school system in the state
- Identified as the second healthiest county in the state
- Abundant natural resources including 42 miles of beaches
- Crime rate well below the state average
- Excellent array of public facilities and services
- Award-winning libraries and recreational amenities
- Diverse arts and culture opportunities and venues
- Award-winning Flagler Hospital
- Home of PGA Tour, World Golf Hall of Fame, and several world-class sporting events
The Northeast Florida Regional Airport in St. Augustine offers transportation options, as do the nearby Jacksonville Port and Jacksonville International Airport. With a high quality of life and low tax burden, St. Johns County is a great value. Relocating or starting a business in St. Johns County, Florida is an easy financial and logistical decision.
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