The Orange County Industrial Development Agency offers conduit financing for manufacturing projects through the issuance of tax-exempt industrial revenue bonds and tax-exempt civic facility bonds. Sale and leaseback transactions (projects financed without the issuance of bonds) can also result in considerable project cost savings. In general, the IDA can assist projects for the purchase of land, existing facility and new machinery & equipment, the construction of new facilities or the renovation of existing facilities. IDA benefits can be combined with incentives provided by other sources.
Decisions by the IDA to finance projects or offer tax exemptions and other incentives depend on the proposed business opportunities resulting in new capital and jobs in Orange County. For the IDA to make a specific offer of assistance, a more detailed short proposal of the proposed project must be submitted that clearly defines jobs retained or created, anticipated wages, project scope and activities, and capital investment.
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