Industrial Development Bond Financing Program

Abstract

JEDA acts as a “conduit” issuer of bonds on behalf of a borrowing entity. Certain for-profit entities organizations can finance their projects with tax-exempt bonds, but these entities cannot do so directly. They must borrow through a “conduit” issuer of bonds in order to receive the tax-exempt financing. Therefore, entities do not borrow from JEDA, but rather through JEDA, using JEDA as access to the capital markets at tax-exempt rates. Tax-Exempt bonds may be used to finance qualified manufacturing facilities, non-profit 501(c)(3) facilities and solid waste disposal facilities.