Our Energy Loan Fund provides financing for Central Ohio businesses and non-profits to fund energy efficiency improvements to buildings, resulting in lower energy costs. Benefits of using the Energy Fund include: low-cost financing, immediate cash flow, capital investments with no out-of-pocket expense, long-term financing at fixed rates and more.
Tax Increment Financing (TIF) is a tool for economic development that communities can use to stimulate private investment and development in targeted areas. We can assist developers wishing to use TIF by providing access to the capital markets, facilitating tax-exempt financing and delivering longer term financing.
We can provide significant savings to manufacturers that want to invest in equipment through its tax-exempt leasing program. Businesses using this option receive a cost savings on their purchases, and buyers find the bonds attractive because they earn interest that is exempt from state and federal income tax.
Congress allows 501(c)(3) non-profits to finance capital investments tax-exempt. This cost savings applies to investments, such as buildings, building improvements and equipment. We can work with 501(c)(3) organizations to help them take advantage of lower rates if their projects meet certain requirements of the federal tax code.
We review TEFRA (The Tax Equity and Fiscal Responsibility Act of 1982) projects on behalf of Franklin County to make sure projects meet the standards to qualify for tax-exempt financing. The Franklin County Commissioners require projects go through a review by the agency’s team before signing off on the project.