Industrial Development Authority

The Miami-Dade County Industrial Development Authority facilitates Industrial Development Revenue Bonds (IDBs) to support local businesses in acquiring or constructing capital facilities. By acting as a conduit, the Authority issues bonds and relends the proceeds to private companies, allowing them to finance essential capital projects.

IDBs are structured to ensure that debt service is paid solely from the revenues generated by the companies they assist, akin to conventional mortgage financing. This mechanism allows private businesses to access funding while the local agency remains financially insulated from the repayment obligations.

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