Three Brevard County, Florida Businesses Vie For $28.6M in Stimulus Funds
If the companies' request passes county commissioners, they could receive a total of $28.6 million in interest-free, federal money. That will fund a total of $98.3 million of business expansion and construction projects across the three companies designed to bring jobs to the area. To receive the funds, the companies must prove they can finance those projects.
The American Recovery and Reinvestment Act allows state and local governments to issue recovery zone bonds through the end of 2010 to encourage economic growth in areas hit hardest by the recession.
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