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 business project. Choose the most cost-effective financing which matches your capital needs and business plans.
How IDA financing works…
1. 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, assisted living, and recreational facilities.
2. 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.
3. Mortgage Financing
If your project qualifies as an IDA transaction, but does not require bond financing, you can still take advantage of IDA financial assistance through conventional mortgage financing.
Who can qualify: industrial, manufacturing, commercial, certain retail or non-profit projects that may not need or qualify for bond financing.