Tax-Exempt Bonds Available for Manufacturing Companies in 2007
MassDevelopment still has capacity available to issue tax-exempt bonds for Massachusetts manufacturing companies in 2007
MassDevelopment, the Commonwealth’s development and finance agency, provides manufacturers with financing at interest rates 0.5% – 2% lower than conventional loans. Loans and tax-exempt bonds finance construction, expansion, or acquisition of buildings and acquisition of new equipment. Bonds are usually sold to a clients’ bank and are limited to $10 million per manufacturer in a given municipality. Tax-exempt bond availability is a limited resource each year and usually oversubscribed. Companies seeking bond financing this year or next should contact MassDevelopment now at 1-800-445-3030.
