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Tax-Free Financing

The Bucks County Industrial Development Authority can prove an attractive mechanism for financing new business and related expansions through the Industrial Revenue Bond and Mortgage Program. This program provides capital financing for manufacturing companies such as exempt facilities and non- profit organizations. This can be achieved either through tax free mortgages for smaller projects or a stand-alone bond issue for larger ones. Both of these approaches can significantly reduce borrowing costs.

These funds can be used for a wide array of purposes including acquisition, site preparation, infrastructure improvements, building construction, new machinery and equipment, and the closing and soft costs traditionally associated with such projects. Job creation is also required, with both new and existing full-time permanent jobs at the project site being counted for this program.

More information on Tax-Free Financing, including minimums and maximums, what is considered exempt, and how you can apply can be found on the BCIDA website at: http://buckscountyida.com/services.php#tax-free-financing

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