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may be feasible for financing smaller projects, particularly within the $1,000,000 to $5 million cost range. These bonds finance job creation and business growth for Oregon traded-sector, value-added manufacturers and processors by providing long-term debt financing for land, buildings and other fixed assets at a rate below prime.
The intention is to protect those industrial lands with the potential for future economic development and job growth from conversion to residential or commercial zoning. Express Bonds are placed with the borrower’s bank and may be feasible for financing smaller projects, particularly within the $500,000 to $5 million cost range.
Projects applying for the investment promotion generally need to meet these criteria: value added of at least 20 percent of sales revenue; a debt/equity ratio of less than 3 to 1; utilization of modern production processes and new machinery; and adequate environmental protection systems.
It is still a huge amount of money even when it comes to student debt. I decided to create a submission for this challenge because I felt inspired to get out of my comfort zone and try something new. I carefully considered the location, feasibility, and purpose based on my community's needs, serving as an example in the process.
Enterprise Zone Credit or Exemption: The Alabama Enterprise Zone Act (Act. The program provides state and local tax incentives and non-tax incentives to businesses and industries located within Alabama’s Enterprise Zones. May not have closed or reduced employment elsewhere in Alabama in order to expand into an enterprise zone.
ENTERPRISE ZONE CREDIT: To stimulate growth in depressed areas of the state, Alabama offers certain tax credit incentives to business that locate or expand within a designated enterprise zone. ENTERPRISE ZONES: Businesses located within the boundaries of an EZ are eligible for tax credits. LAMBRA zones are a companion to EZs.
Pennsylvania Community Development Bank Loan Program (PCD Bank): (newpa.com/pcdbank) Debt financing for Community Development Financial Institutions (CDFIs). Grants for planning and feasibility studies up to 50% of the total cost of the planning project or $175,000, whichever is less. The number and size of Zones varies.
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