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Tax-Exempt Bond Programs for Manufacturers
The standard tax-exempt bond program provides manufactures with $2 million to $10 million in project financing, which can be used to finance the following:
- Land acquisition
- Building construction
- New machinery and equipment
- Interest expense during construction
- Demolishing, removing or relocating buildings or structures on land acquired
- Issuance expenses up to two percent of the net proceeds of the issue
- Engineering and architectural surveys, plans and specifications
Business Benefits of a Tax-Exempt Bond
- Tax-exempt bonds typically are the lowest-cost form of financing available
- Interest rate savings typically one-and-a-half to two percent compared to conventional financing
- Financing that fits a variety of project sizes ranging from $2 million to $10 million
For complete information about manufacturing bonds click here.
Tax Exempt Bond Application
Fee Schedule - Manufacturers
