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Millions in Low Interest Financing Allocated to Dane County Through Three Bond Programs

For more information contact:

Joshua Wescott, Office of the County Executive (608) 267-8823 or cell (608) 669-5606

FOR IMMEDIATE RELEASE 4/12/2010

Issued By: County Executive
View only releases from County Executive

Dane County Urges Businesses to Utilize Special Financing Available to Develop or Expand Operations and Create Jobs

Dane County is urging businesses to take advantage of three bond programs to help develop and expand their operations and create new jobs in the county.  Through different federal and state funding sources, tens of millions of dollars in low interest financing is available to Dane County businesses.  No county tax dollars are part of these bond programs.

Detailed information about the Recovery Zone Facility Bonds, Midwestern Disaster Area Bonds, and Industrial Revenue Bonds available in Dane County is included in a new packet of information the county has created to share with local economic development and business leaders.

“Dane County wants businesses to know these economic development tools are available and we hope they will take advantage of them,” County Executive Kathleen Falk said.  “Whether it’s growing a business that’s already in the county or helping to bring a new one in, these low interest financing programs are great incentives to companies looking to help grow the economy and create jobs.”

Each of the bond programs has specific eligibility requirements and deadlines by which the bonds are to be used by.  Those requirements are detailed in the information packets attached.    

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