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The Orange County Industrial Development Agency (IDA)
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Industrial Development Agency (IDA)
Bond Financing
The IDA can act as a conduit for tax-exempt industrial revenue bond financing. Bonds can often be less costly than conventional sources of financing. It is worth noting that even though the IDA is the conduit for the issuance of a bond on behalf of an applicant, the applicant is ultimately responsible for securing a buyer or broker for the bond issue. The IDA can provide assistance in this area.
Industrial Revenue Bond Financing

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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