Flagler County LIVE Stream

The Flagler County Industrial Development Authority (IDA) Board held a meeting on August 18, 2026, focusing primarily on economic development and the use of industrial revenue bonds as a financing tool. The board reviewed and approved previous meeting minutes and financial reports. A consultant with extensive experience in economic development provided an in-depth overview of the bond application process, eligible uses of bond proceeds, and the responsibilities of board members. Discussions included challenges with a recent $9 million bond application that did not proceed due to high associated fees compared to traditional bank financing. The board also explored strategies for economic development outreach, emphasizing the limitations imposed by Sunshine Laws on board members' direct solicitation activities and the need for a contracted external entity to perform marketing and business recruitment. The role of regional partners like Jax USA and Florida Commerce in supporting business attraction and data provision was highlighted. The board agreed to evaluate its performance, clarify its mission, and consider recommending the establishment of a dedicated economic development council or similar entity to enhance business recruitment efforts. Future agenda items include reviewing the board's bylaws, website improvements, and obtaining detailed cost information related to bond financing. The meeting concluded with a motion to adjourn.