We help finance projects in a variety of ways to accelerate job creation and community revitalization. This includes issuance of taxable and tax-exempt bonds, sales tax exemption savings through a capital lease structure, access to capital markets, and to other financing sources at the state and local levels.
Our financial resources
A U.S. Foreign Trade Zone (FTZ) is a restricted-access site within the United States that is legally considered outside of Customs territory for the purpose of tariffs or duties, so goods may be brought into site duty-free and without formal customs entry. The purpose of the FTZ program has ben to expedite and encourage foreign commerce within the United States. The benefits are to reduce, defer, or eliminate duties, reduce merchandise processing fees, weekly entry, and no import quotas. Lake Development Staff can direct you to the local Zone administrators.
Property Assessed Clean Energy (PACE) is a means of financing energy efficiency upgrades or renewable energy installations for buildings. PACE makes it possible for owners and developers of commercial properties to obtain low cost, long term fixed rate financing which is paid back through annual assessments on the organization’s property tax bill. The property assessment stays with the property when ownership transfers. Loan terms are typically tied to the economic life of the project. Businesses can finance building retrofits, rehabilitations and new construction with no upfront costs and, in certain markets, eligible projects can be funded retroactively to replace more expensive capital. The project must fall inside of an ESID (Energy Special Improvement District). Lake Development Authority staff can assist you in the process.