Provides tax-exempt financing up to $10 million for qualified manufacturing and processing companies to construct or acquire facilities and equipment. Projects must be primarily for manufacturing or processing use, meet public benefit criteria including job creation or retention, and comply with volume cap allocation rules. Financing covers capital expenditures but excludes working capital or inventory. Borrowers require a letter of credit or may sell bonds to qualified investors.
Eligible applicants are qualified manufacturing and processing companies seeking to finance construction or acquisition of manufacturing and processing facilities and equipment. Projects must meet public benefit criteria including job creation or retention.
