Taxable Revenue Bonds provide companies with potentially longer-term financing (10-20 years), at a fixed rate and lower cost than conventional financing. Taxable Revenue Bonds can be used as working capital, to finance projects of more than $10 million, or to finance commercial, pollution control, agricultural, and recreational projects Taxable Revenue Bonds are issued by the Michigan Strategic Fund or by local economic development corporations. When purchased by Michigan taxpayers, Taxable Revenue Bonds are not restricted by the IRS, and are tax-exempt at the state and local level.

Contact: Dan Oegema, Economic Development Corporation. (616) 456-3681.
E-mail: doegema@ci.grand-rapids.mi.us