Oregon Industrial Development Bonds and Oregon Express Bond Program
Oregon Industrial Development Bonds are tax-exempt bonds issued by the state of Oregon, designed to help Oregon manufacturers grow. They provide long-term financing for land, buildings and equipment.
These bonds finance job creation and business growth for Oregon traded-sector, value-added manufacturers and processors by providing long-term debt financing for land, buildings and other fixed assets at a rate below prime. Affordable interest rates and tax-exempt status assist in lowering capital expenses. The bonds are available to manufacturers, processors, exempt facilities (e.g., docks or solid waste facilities) and nonprofits and generally provide the greatest benefit to the borrower for bonds of $5 million or more.
Oregon Express Bond Program
The Oregon Express Bond program uses much less paperwork and highly standardized documents to save borrowers time and money during the tax-exempt bond borrowing process.
Business Oregon has selected a bond counsel firm with a pre-approved fee schedule. Express Bonds:
- are placed with the borrower’s bank; and
- may be feasible for financing smaller projects, particularly within the $500,000 to $5 million cost range.