Tax-exempt Bonds
Private Activity Bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower.
Loan Guaranty Program
IEDC can provide a loan guaranty to a lender for the benefit of a high-growth/high-skilled company, manufacturer, rural development project, value-added agricultural enterprise or another type of business that creates or retains a significant number of Hoosier jobs.
Capital Access Program (CAP)
The Capital Access Program (CAP) is a small business credit enhancement program that creates a specific cash reserve fund for the lender to use as additional collateral for loans enrolled in the Program. CAP allows lenders to consider loans that might not meet conventional lending requirements.
Centralizing and augmenting operations here allows us to capture the benefits of low-cost living, exceptional higher education, and economic incentives to pass along more value to our customers. Geographically, logistically and economically, Indiana makes sense.
- Greg Ranger, president and chief executive officer, TriMedx
Indiana Economic Development Corporation
One North Capitol, Suite 700 • Indianapolis, Indiana 46204 • Tel 317.232.8800 • 800.463.8081 • Fax 317.232.4146 • Site Map
