Fort Myers, FL: January 25, 2010) - The Federal government has made $56.1 million in tax-exempt financing available to Lee County businesses through Recovery Zone Facility Bonds (RZFBs). The purpose of these bonds is to provide tax-exempt, low interest financing to businesses that would normally not qualify for tax exempt debt. This conduit financing program has been implemented by the Lee County Industrial Development Authority (IDA) to promote growth and economic development in the County, per Lee County Ordinance #09-029.
Additional information may be obtained through the IDA website or contacting the Fort Myers Regional Partnership for Economic Development (formerly the Lee County Economic Development Office) at (239) 338-3161.