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How MEDC Financing Works

Tax-exempt financing is a proven low-cost method of raising capital for qualifying projects.  Eligible costs include the purchase of land, buildings, design costs, construction, equipment, and legal fees. The MEDC provides access to the tax-exempt market by acting as a conduit issuer and assisting companies in navigating the Federal, State, and Local requirements. By providing a consistent and cost effective financing process, the MEDC allows companies with qualifying projects to borrow funds at the lowest interest rates possible.

Eligible Projects

The following types of projects qualify for tax-exempt bond financing:

• Pollution Control Facilities including solid waste, air, water, sewage, and recycling
• Water Systems for the General Public
• Manufacturing and Industrial Facility Development or Expansion
• Transportation Projects including airports, ports, mass commuting, and parking facilities
• Nonprofit Facilities and Headquarters

Qualifying Costs

Capital expenditures and legal costs related to the financing of:

• Land
• Buildings
• Equipment
• Facility Improvements
• Targeted Infrastructure

Board Members

David Hernandez, President
Mike Givilancz, Jr., Vice President
Bertha Suarez, Secretary-Treasurer
A. C. Cuellar, III, Member
John Lackey, Member