Without the IDA, this facility wouldn't exist.
Financial Assistance
Reducing the cost of moving your business to the next level.
The IDA’s financial assistance programs offer a wide variety of ways to finance your project or facility, including taxable and tax exempt bonds or straight lease mortgage agreements. We work with financial institutions and public sector programs, so you can use the IDA as a conduit to the most cost-effective financing to match your capital needs and business plans.
How IDA financing works...
Industrial Revenue Bonds
- Finance up to 100% of a qualified relocation or expansion project, including acquisition, construction and equipment.Who can qualify: certain manufacturing, commercial, industrial, civic facility projects, assisted living, and recreational facilities.
Taxable Bonds
- Transactions financed with the taxable bonds are eligible for the sales tax exemptions and property tax abatements.Who can qualify: certain commercial, industrial or non-manufacturing projects.
Tax-Exempt Bonds
- Tax-exempt bonds allow a business to borrow at a lower cost than through conventional financing.Who can qualify: certain manufacturing and non-profit civic and housing facilities.
Straight Lease Agreements
- If your project qualifies as an IDA transaction, but does not require bond financing, you can still take advantage of IDA financial assistance in a straight lease agreement.Who can qualify: industrial, manufacturing, commercial or non-profit projects that may not need or qualify for bond financing.