Monday, May 18, 2009 12:50:53 PM
Update from the Wisconsin State Department of Commerce...
Today I received a return phone call from Jim Bren who is one of the POCs listed in the link/post below at the Wisconsin State Department of Commerce:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37892564
The $20 million in Industrial Revenue Bonds (IRBs) for GBOE are real. I can’t believe I forgot the company’s name so he looked them up for me after me throwing a few words I remembered. I was in the car and not in front of my computer at the time when he called. He told me that they will have 15 to 20 years to pay them back.
We talked about the $200 million already available listed in the link/post below and it’s real too:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37841332
http://commerce.wi.gov/BD/BD-IRB.html
Wisconsin's Industrial Revenue Bond Program
Wisconsin's Industrial Revenue Bond (IRB) program now has more than $200 million available to assist small manufacturers with expansion projects through low-interest financing. The Department of Commerce grnts the bonding authority (volume cap allocation) to cities, villages and towns to issue the bonds on behalf of a business. This site provides business representatives, municipal officials, bond counsel and others with up-to-date information on the IRB program, the process of applying for volume cap, the availability of volume cap and the latest forms.
He also informed me that they have recently given these types of deals to a few other companies too. He told me that the beauty of these deals is how the company receives a huge tax advantage because of the support from the Federal Government that they receive for the IRBs which guarantees the company a very low interest rate.
v/r
Sterling
Today I received a return phone call from Jim Bren who is one of the POCs listed in the link/post below at the Wisconsin State Department of Commerce:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37892564
The $20 million in Industrial Revenue Bonds (IRBs) for GBOE are real. I can’t believe I forgot the company’s name so he looked them up for me after me throwing a few words I remembered. I was in the car and not in front of my computer at the time when he called. He told me that they will have 15 to 20 years to pay them back.
We talked about the $200 million already available listed in the link/post below and it’s real too:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37841332
http://commerce.wi.gov/BD/BD-IRB.html
Wisconsin's Industrial Revenue Bond Program
Wisconsin's Industrial Revenue Bond (IRB) program now has more than $200 million available to assist small manufacturers with expansion projects through low-interest financing. The Department of Commerce grnts the bonding authority (volume cap allocation) to cities, villages and towns to issue the bonds on behalf of a business. This site provides business representatives, municipal officials, bond counsel and others with up-to-date information on the IRB program, the process of applying for volume cap, the availability of volume cap and the latest forms.
He also informed me that they have recently given these types of deals to a few other companies too. He told me that the beauty of these deals is how the company receives a huge tax advantage because of the support from the Federal Government that they receive for the IRBs which guarantees the company a very low interest rate.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35466209
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