STIMULUS FINANCING

Industrial Development Bonds (IDB) – Limited to business that produce tangible and non-tangible goods (manufacturing), excluding retail, professional services, and distribution.  Bond funding limited to $10m with project funding limited to $20m.  Qualified borrowers typically posses annual sales between $10m to $25m, are financially strong and successful, and in business for at least 10 years.  Furthermore qualified projects must result in “public benefit”, and are preferred to be located within Enterprise and Empowerment Zones.

Build America Bonds (BAB) – Provides up to 100% financing of multi‐residential acquisition and construction projects for senior and low income (workforce) housing.

Recovery Zone Facility Bonds – New private bond that funds projects in “recovery zones”, including areas of significant poverty, unemployment, foreclosures, etc. $15b in total available funds nationwide that can be utilized for a range of projects including retail, distribution, commercial and industrial.

Nonprofit Bonds – Used to develop the acquisition and/or development of capital assets (e.g. real estate and equipment) that further the goals of the organization.  Example qualified organizations include independent schools, health clinics and facilities, animal care facilities, cultural and arts facilities, or housing projects.  Notably, bonds can be used to refinance existing commercial loans with low-interest.

Solid-Waste Disposal Bonds – Used to fund projects that divert solid-waste materials from the household or commercial waste stream.  Qualified projects include curbside collection, recycling, composting, materials recovery and waste-to-energy facilities, as well as transfer stations, landfills.