The BFA issues tax-exempt and taxable bonds for fixed asset expansion projects. Tax-exempt industrial development revenue bonds can be used by manufacturers for the acquisition, renovation and construction of buildings or the purchase of land and new equipment. Project sizes range from $500,000 to a federally imposed maximum of $20 million.
Non-profit organizations can use 501(c)(3) bonds to refinance existing debt, acquire, renovate and construct buildings, and purchase land and new equipment.
FACT SHEET FOR TAX-EXEMPT INDUSTRIAL DEVELOPMENT BOND
Lonza Biotech, Pease International Tradeport Portsmouth, NH