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Bonding Programs

Industrial Revenue Bonds
The City is willing to work with eligible manufacturing businesses in financing a major development project through industrial revenue bonds. The state department of Commerce allocates an amount to the city to sell bonds on behalf of the developer.  All proceeds then go to the business to finance their project.  The business then has limited time to repay the bonds.  Industrial Revenue Bonds are a good tool for the larger projects that need substantial funding for the start-up or expansion.  The Economic Development Authority will work with the business to obtain the necessary City Council resolutions and assist with the applications to the State of Wisconsin. 

Also, qualified industrial development bonds issued in 2009 and 2010 may be used to finance manufacturing facilities that create or produce intangible property such as patents, copyrights, formula, processes, designs, patterns, know how, formats or other similar items including software development.  These items a not usually allowed under the Industrial Revenue Bond programs and are only effective for the time specified. 

Bond Programs in the American Recovery and Reinvestment Act of 2009 (Federal Stimulus package)

Recovery Zone Economic Development Bonds
The Recovery Act allows for the issuance of $10 billion Recovery Zone Economic Development Bonds for 2009 and 2010.  The bonds are issued to finance qualified economic development activities in Recovery Zones.  Bond proceeds can be used for capital expenditures for public infrastructure, construction of public facilities, and expenditures for job training and educational programs.   The state of Wisconsin will receive an allocation of the Recovery Zone Bonds, who will in turn designate the availability for municipalities around the state.  Program rules and procedures are under development at this time.  Check back for more information or consult with a Bond Attorney.

Qualified Energy Conservation Bonds
Energy Conservation Bonds are tax-credit bonds issued to finance qualified conservation purposes including capital expenditures incurred to reduce energy consumption, expenditures for research facilities and research grants, mass commuting facilities, demonstration projects designed to promote commercialization of certain energy conservation and renewable energy initiatives and public education campaigns to promote energy efficiency.  Please consult with a Bond Attorney for project specific information.