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DTSTART:20180522T130000Z
DTEND:20180522T150000Z
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SUMMARY:CIEDA Tax-Free Bond Financing - Executive Briefing
DESCRIPTION:Looking to fund your capital improvement at a lower interest rate - as much as 150-300 points lower than a conventional loan?\n\n\n\nThe purpose of this program is to introduce small manufacturers\, affordable housing developers\, not-for-profit organizations\, and units of government who could benefit from low-cost financing to the Central Illinois Economic Development Authority (CIEDA). \n\n\n\nCIEDA acts as an issuer of bonds\, passing its DOUBLE tax-exempt status on to finance the acquisition of fixed assets including land\, buildings\, machinery and equipment. Because the interest on the bonds is not subject to state or federal income taxes\, investors and lenders require a lower interest rate to achieve an equivalent after-tax return. Therefore\, the borrower receives a preferential interest rate\, generating substantial savings.\n\n\n\nBENEFITS:\n\n Lower Interest Rate - A CIEDA Double Tax Exempt Bond is exempt from state and federal income taxes\, making it an attractive investment for the bondholder. The interest rate available on these bonds is far lower than conventional financing\, and you can expect your interest savings to range from 150 300 basis points lower than a conventional loan.\n Finance up to 100% of the project cost contingent upon meeting credit standards of a local bank backing the bond.\n Smooth Process CIEDA has been described as a "Nimble Issuer" We have flexible guidelines and an expedited approval process. We can assemble a team of IRB specialists who have a thorough understanding of all the legal and financial aspects of this type of transaction. We'll work closely with you every step of the way\, answering your questions\, helping you avoid pitfalls\, and making sure you get the financing that's right for you.\n\n\n This is an informational session. Companies interested will complete a one-page application and submit a non-refundable application fee. There is an issuance fee paid at closing along with other professional costs.\n\n\n\nPRESENTERS:\n\nAndrew Hamilton is principal and co-founder of Opportunity Alliance\, LLC and currently operates eleven other businesses\, which include bank equity funds\, consulting firms\, Illinois Regional Bonding Authorities\, including the executive director of Central Illinois Economic Development Authority (CIEDA). Mr. Hamilton. He has packaged more than $6.0 billion in financing since 1993. OA is a "boutique" consulting consortium that assist private firms on economic development matters including tax incentive negotiation\, tax credits\, tax-exempt financing and government representation services.\n\n \n\n\n\n\n\n\n\nWarren Ribley\, Principal\, WCR Enterprises Ltd. and former director of the Illinois Dept. of Commerce & Economic Opportunity. Mr. Ribley has more than 35 years of professional experience in state government and the private sector\, focusing on economic development\, public policy and financial services.\n\n\n\n\n\n\n\n\n\nJeff Torricelli\, owner\, TLC Conculting and member of CIEDA Board of Directors. Mr. Torricelli has more than 20 years experience in advising community\, business and public entities on issues related to economic development\, structuring of public financing\, grants administration\, public administration and legislation before the Illinois General Assembly.\n\nThis program is sponsored by the Greater Decatur Chamber of Commerce\, the Economic Development Corporation of Decatur and Macon County and CIEDA.
X-ALT-DESC;FMTTYPE=text/html:Looking to fund your capital improvement at a lower interest rate - as much as 150-300 points lower than a conventional loan?
\n
\nThe purpose of this program is to introduce \;small \;manufacturers\, affordable housing developers\, not-for-profit organizations\, and units of government who could benefit from low-cost financing to \;the Central Illinois Economic Development Authority (CIEDA). \; \;
\n
\nCIEDA \;acts as an issuer of bonds\, passing its DOUBLE tax-exempt status on to finance the acquisition of fixed assets including land\, buildings\, machinery and equipment. Because the interest on the bonds is not subject to state or federal income taxes\, investors and lenders require a lower interest rate to achieve an equivalent after-tax return. Therefore\, the borrower receives a preferential interest rate\, generating substantial savings.
\n
\nBENEFITS:\n\n - Lower Interest Rate \; \;- A CIEDA Double Tax Exempt Bond is exempt from state and federal income taxes\, making it an attractive investment for the bondholder. The interest rate available on these bonds is far lower than conventional financing\, and you can expect your interest savings to range from 150 &ndash\; 300 basis points lower than a conventional loan.
\n - Finance up to 100% of the project cost &ndash\; contingent upon meeting credit standards of a local bank backing the bond.
\n - Smooth Process &ndash\; CIEDA has been described as a &ldquo\;Nimble Issuer&rdquo\; We have flexible guidelines and an expedited approval process. We can assemble a team of IRB specialists who have a thorough understanding of all the legal and financial aspects of this type of transaction. We'\;ll work closely with you every step of the way\, answering your questions\, helping you avoid pitfalls\, and making sure you get the financing that'\;s right for you.
\n
\n\n\;This is an informational session. Companies interested will complete a one-page application and submit a non-refundable application fee. There is an issuance fee paid at closing along with other professional costs.
\n
\nPRESENTERS:
\n\n
Andrew Hamilton \;is principal and co-founder \;of Opportunity Alliance\, LLC and currently operates eleven other businesses\, which include bank equity funds\, consulting firms\, \;Illinois Regional Bonding Authorities\, including the \;executive director of Central Illinois Economic Development Authority (CIEDA). \;Mr. Hamilton. \;He has packaged more than $6.0 billion in financing since 1993. OA is a &ldquo\;boutique&rdquo\; consulting consortium that assist private firms on economic development matters including tax incentive negotiation\, tax credits\, tax-exempt financing and government representation services.
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\nWarren Ribley\, Principal\, \;WCR Enterprises Ltd. and former director of the Illinois Dept. of Commerce &\; Economic Opportunity. Mr. Ribley has more than \;35 years of professional experience in state government and the private sector\, focusing on economic development\, public policy and financial services.
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\nJeff Torricelli\, owner\, TLC Conculting \;and member of CIEDA \;Board of Directors. Mr. Torricelli has more than 20 years experience \;in advising community\, business and public entities on issues related to economic development\, structuring of public financing\, grants administration\, public administration and legislation before the Illinois General Assembly.
\n\nThis program is sponsored by the Greater Decatur Chamber of Commerce\, the Economic Development Corporation of Decatur and Macon County and CIEDA.
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