Recovery Zone Facility Bonds Application Program
Extended through July 29, 2010

Recovery Zone Facility Bonds (RZFBs) are designed to assist private companies and developers finance economic development projects located in Recovery Zones without having to qualify within the other limited categories of private activity bond financing.  RZFBs are a new type of bond program that was enacted under the American Recovery and Reinvestment Act of 2009 to provide tax incentives for state and local units of government by allowing designated projects to be financed with lower borrowing costs to promote job creation and economic recovery in areas affected by employment decline.  Specifically, private companies and developers must use bond proceeds to create business expansion and create jobs.

The Finance Department in partnership with the Development Services Department invites all eligible applicants to submit an application prior to June 21, 2010 to apply for an allocation of RZFBs from the City of Pompano Beach.  Program information, including eligibility and program requirements, as well as the Program Application are available by clicking the highlighted text below.  For additional information, please contact Suzette Sibble at the City’s Finance Department at 954.786.4680. 

• Recovery Zone Facility Bonds Application Program Public Announcement

• Recovery Zone Facility Bonds Program Information

• Recovery Zone Facility Bonds Application

• IRS Notice 2009-50

Located in the heart of Florida’s ‘Gold Coast,’ the City of Pompano Beach contains 25.8 square miles and has a permanent population of over 101,000 year round residents. It is a multi-cultural community has just celebrated its Centennial in 2008. Once a thriving agricultural community, the city has evolved into a warehouse/ distribution hub for a wide range of companies that service the 5+ million residents of the south Florida market. A labor force of 2.5 million people exists in the tri-county south Florida region.The Pompano Beach Air Park is home to the famous Goodyear Blimp.

Due to its tremendous transportation links, Pompano Beach is now home to over 30 million square feet of industrial/warehouse/distribution space; which includes regional headquarters for companies such as Aetna, Aquathin, Associated Grocers, FedEx Ground and Stimpson Co. The city provides access to both the Florida Turnpike and Interstate 95 and also provides access to both the CSX and FEC railroads. Planned redevelopment is occurring in the city’s two Community Redevelopment Areas.

Pompano Beach offers 3 miles of beautiful shoreline and the city’s public beach has been declared a Blue Wave Award winner since 2000. Additionally, the City of Pompano Beach has been named an All-America City.  The All-America City Award is America's original and most prestigious community recognition award honoring communities in which community members, government, businesses and non-profit organizations work together to address critical local issues.  The City has also been declared a Tree City USA for the nineteenth time and is committed to enhancing its tree canopy and providing shade and fresh air to residents and guests. Tourism efforts have been enhanced recently as one of Broward County’s newest casinos, The Isle Casino & Racing at Pompano Park was opened in 2007. Due to our mild year round climate, visitors to Pompano Beach can also enjoy its beautiful parks, beaches, boating, fishing, scuba diving and all other types of outdoor recreation.

Pompano Beach Economic Development Council

In a joint effort to improve the economic well being and maintain an outstanding quality of life in South Florida, the City of Pompano Beach and the Greater Pompano Beach Chamber of Commerce formed a public/private partnership called the Pompano Beach Economic Development Council (PBEDC). The PBEDC consists of local business leaders and city officials who meet on the first Monday of every month to discuss local business issues and how to strengthen and diversify the business climate.

The principal purpose of the PBEDC is the planning, encouragement, support and promotion of economic development and growth of the local economy. This is accomplished by promoting and encouraging the attraction of new business and industries to the city, supporting the retention and expansion of existing business and industries within the city to increase the tax base, increase local employment and improve the general welfare, prosperity and quality of life for the benefit of the residents of the City of Pompano Beach.

Tools
Land Use Map
Pompano Beach Zoning Map
City Map
Pompano Beach Air Park
Pompano Beach CRA
Brownfields (Federal, State, and Regional Incentives)

Local Assets
Hotel Listings
Area Schools - Broward County School Board
Area Hospitals - Broward County Health
Technology Related Businesses

Partner Links
Greater Pompano Beach Chamber of Commerce
The Broward Alliance
Broward County Office of Economic Development
Broward Small Business Certification
Greater Ft Lauderdale Convention and Visitor Bureau (CVB)
South Florida Regional Planning Council (SFRPC)
South Florida Water Management Distinct (SFWMD)
Enterprise Florida (EFI)

Related links
Florida Redevelopment Association (FRA)
Urban Land Institute (ULI)
ULI Southeast/Caribbean Chapter
Marine Industry Association of South Florida (MIASF)
Services Corps of Retired Executives (SCORE)
Clean Beaches Council
Florida Scenic Highway Program
The Internet Coast
Workforce One
Vision Broward
Herb Skolnick Cultural Arts Foundation

2000 Statistics
Population Changes by Census Tract
Population Report 1960-2000 
General Demographic Characteristics
Selected Social Characteristics  
Selected Economic Characteristics  
Selected Housing Characteristics  
Selected US Census Data for 1980, 1990 and 2000               Click on map
School Enrollment for Public Schools in Pompano Beach
 

Christopher J. Clemens, AICP Economic Planner chris.clemens@copbfl.com
Phone: 954.786.4048
Fax: 954.786.4044

Pompano Beach Economic Development Council

Dates for 2010 Meetings

All meetings are held in the City Commission Chambers Conference Room