St. Louis County to Host Informational Seminar for All Businesses
Contact:
Nancy Schnoebelen
nschnoebelen@slcec.com
314.615.7617
November 24, 2009 (St. Louis) -- St. Louis County has received an allocation of $60 Million in Recovery Zone Facility Bonds from the federal government as part of the American Recovery & Reinvestment Act. These special bonds have been issued to spur the economy and help St. Louis County businesses grow.
The new bonds offer tax-exempt financing rates for private projects that otherwise would be financed on a taxable basis. Since these bonds are being offered for a limited time, the St. Louis County Economic Council has arranged a special in-depth seminar to inform corporations and business owners about the program.
"I appreciate the contributions St. Louis County businesses make to our community and region, and it is my objective to inform them of special opportunities available that will help businesses grow and prosper," said County Executive Charlie Dooley. "I am confident this important seminar will be beneficial to those who attend."
It is anticipated that the demand for these bonds may well exceed the allocation. Nearly every for‐profit company in St. Louis County is eligible for these bonds, and the uses of proceeds for these bonds are different than traditional tax-exempt bonds (residential facilities do not qualify).
The seminar will take place:
8:30 a.m. to 10:30 a.m.
Wednesday, December 9, 2009
121 S. Meramec Avenue
Tenth floor, Room 1012
Finance experts from St. Louis County Economic Council, Armstrong Teasdale and Stern Brothers & Co will detail important information about the Recovery Zone Facility Bonds. Space is limited; for reservations, please contact Mary Callaway at 615.7670 mcallaway@slcec.com.
