Does your 501c3 have a capital improvement project that will require financing? Would your agency be interested in below market interest rates? Would you like to attend a free seminar hosted by the Delaware Economic Development Office that shows you how to make it happen?
What: ďPooled Tax Exempt Bond FinancingĒ Seminar
When: Monday, July 16 from 9:00 a.m. to noon.
Where: Department of Natural Resources and Environmental Control
89 Kings Highway, Dover, Del. 19901
Make sure to reserve your spot by Wednesday, July 11, 2007!
Industrial Revenue Bonds are issued through the Delaware Economic Development Authority, which allows borrowers to benefit from lower interest rates yielded through the tax exempt status of these bonds. To date, however, Delaware has only issued stand-alone bonds. Pooled Tax Exempt Bonds will allow borrowers to enjoy added financial cost savings from scale efficiencies reached through pooling of several different issues.
The program will feature breakfast and networking opportunity beginning at 9.00 a.m., followed by a presentation of Pooled Tax Exempt Bond financing for qualified nonprofits. There will also be an opportunity for nonprofit representatives to talk to a panel of experts from capital markets, legal and financial advisory firms beginning at 9.30 am.
For more information or to reserve your space, contact Sanskriti Inamdar via e-mail or at 302-672-6855 by Wednesday, July 11, 2007.
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