Lee County IDA invests $50K into Horizon Foundation
The Lee County Industrial Development Authority has joined the Horizon Foundation as an Innovator Investor, becoming the first supporter at the $50,000 giving level in the foundation’s 30-year history.
The Lee County Industrial Development Authority is a seven-member board appointed by the Lee County Board of County Commissioners. It’s tasked with fostering industrial and business development, as well as encouraging change to local and relocating companies to explore the use of Industrial Development Revenue Bonds to finance their projects. The bonds provide a source of long-term, below-market-rate financing for new and expanding manufacturing facilities.
“Partnering with the Horizon Foundation is a natural extension of the IDA’s mission to drive industrial growth and support business success in Lee County,” said Robbie Roepstorff, chair of the Lee County Industrial Development Authority. “Together, we’re strengthening the foundation for long-term economic prosperity and ensuring that companies have the tools and resources to expand and innovate right here in our community.”
“We are proud to announce the IDA as our very first Innovator Investor at the $50,000 level,” added Bill Johnson, Jr., IOM, Horizon Foundation executive director and community liaison. “The IDA has been a remarkable partner with the Foundation, and we are very thankful to have the organization as investors. This funding will continue to support our mission and allow the Foundation to invest more resources into the businesses and individuals that strengthen our economy.”