Finance, Taxes and Incentives
Many resources are available to assist existing and new industry with the financing for qualified projects. Some of these resources include Industrial Revenue Bonds, Small Cities CDBG funds, Local Development Corporation Guarantee and Loan Programs, TVA Economic Development Loan Fund, and Rural Development Business & Industry Loans. Other tax and economic development incentives can be provided by the state governments that help reduce tax liabilities with tax credits based on job creation as well as assistance with construction of new access roads, infrastructure needs and employee training. SEIDA can work with the local communities, state governments and other appropriate agencies to help identify what specific financing and state incentive can be utilized.