Delaware Business Blog

Pooled Tax Exempt Bond Financing Offers Nonprofits Cost Savings

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: “Pooled Tax Exempt Bond Financing” 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.

3 thoughts on “Pooled Tax Exempt Bond Financing Offers Nonprofits Cost Savings

  1. Randal Studer

    Hello there – my name is Randal Studer and I am a public bond attorney representing borrowers throughout the country on various capital improvement projects through the use of industrial revenue bonds. In particular, we specialize in the acquisition, development and financing of charter school facilities utilizing tax-exempt educational facility revenue bond structures and other structured finance products.

    I just stumbled upon your course entitled Pooled Tax Exempt Bond Financing Offers Nonprofits Cost Savings and was wondering if you might have met anyone recently who needs our services working Deleware Economic Development Office. If so, I’d be happy to help out in any way I can.

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