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An amendment to a Michigan appropriations budget authorizes an increase in state debt to pay for state university construction projects. But some experts see a “higher education bubble” on the horizon, and said more taxpayer debt for more buildings is a bad idea. ( [link] ).
A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans. . TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.
A new Michigan law allows local governments to fund energy conservation projects with Tax-Exempt Lease Purchase (TELP) plans. . TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive.
Case Study: Community-Centric Bond Campaign Take for example a client of ours, a Michigan Public School, and their efforts to involve the community in their successful bond campaign. Mr. Cracraft explained that the school, at the time, had been on the cusp of paying off their bonded debt within the next 2-3 years.
Here's where they're headed America’s youngest generation is confronting a series of steep economic hurdles, from soaring inflation to mounting student loan debt, but that’s not stopping Generation Z from entering the housing market. Birmingham, Ala., Indianapolis, Cincinnati, and Louisville, Ky.,
Some local utility companies in states such as California, Michigan and New York have asked consumers to moderate electricity usage as a result of this increased demand. But energy or “green” mortgages could address the increase in energy usage while increasing a home’s value and affordability.
Some heavy business hitters also are placing huge wagers on Detroit’s recovery, most prominently Quicken Loans founder Dan Gilbert, a native son of Michigan, who has bought up a huge swath of the city’s downtown and has bold plans for a renaissance of office, residential and retail development. Great Lakes'
debt challenges) and interest rate risks, according to The Real Estate’s Roundtable’s Q1 2013 Sentiment Survey. Taubman, who is chairman, president and CEO of Michigan-based Taubman Centers, Inc. credit rating.
Both of these sectors are currently fragile enough that they are more vulnerable to the fluctuations of the broader economy, particularly the federal budget and debt negotiations. Housing strong, but rest of economy teetering In a long-awaited turnaround, the housing market has turned into one of the strongest sectors in the economy.
This is true in Alabama, Arkansas, Hawaii, Michigan, Missouri, North Dakota, South Dakota, and Wyoming. Its the new economic boom, and the way out of national debt. Most states do have mandatory building codes, but there are still 15 states where the existence of codes is a matter of local jurisdiction. 8:19 AM.
million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses (in collaboration with private finance partners). Additionally, the company must demonstrate that it can service the debt. 97% increase in personal property tax exemption. TAX INCENTIVES.
The TNECD website summarizes Tennessee’s approach to business climate with this credo: “We believe in high expectations, low debt and a pro-business regulatory environment. This expansion in Jackson underscores the ripe environment for job creation and investment we’ve fostered here in Tennessee,” Rolfe said at the project announcement.
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. The program ends December 2016. EMPLOYEE TRAINING PROGRAMS.
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