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Big or small the Port Authority helps its customers in Saint Paul and Ramsey County do it all -- from business expansions and equipment financing to advise with respect to banking relationshipls.
Tax-Exempt Revenue Bonds. This financing tool offers manufacturers and nonprofit entities below market rate financing for the purchase of fixed assets. Through this tool, we are able to offer non-profit entities and manufacturers below market rate financing for their capital needs. The key feature of the revenue bond is its non-taxed status, which lowers the cost of financing.
Post Authority Considerations/ Requirements:
- state law compliance
- federal law compliance
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Benefits to City Workers and Taxpayers:
- jobs
- tax growth
- business retention and growth
- reinvestment in community
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Benefits to Consumers:
- access to broader market
- lower interest rates
- access to financial product that banks don't offer
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501(c)(3) Bonds Examples:
- Second Harvest
- St. Pascals
- HealthEast
- Model Cities
- MPR
- Memorial Blood Centers
- Ecumen
- Hmong American Partnership
- Minnesota Diversified Industries
- Public housing Authority
- New Harmony Care Center
- See our full customer list
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