The Blanchard Valley Port Authority can help manufacturers, distribution and transportation facilities, corporate headquarters, medical office buildings, cultural organizations such as a museum of art, mixed use projects including residential and retail and office components, research and technical centers, recreation, governmental operations, and non-profit organizations.
The Port Authority can help:
• Small and medium sized companies gain access to the national capital market to finance new construction, expanding current facilities, or acquiring and renovating existing buildings.
• Large sized companies through financing, operating, or synthetic leases which can help the company reduce its overall costs of occupancy. These types of financings require the Port Authority to own the building and lease it to the company. The land can be acquired and owned by the Port Authority or leased from the company. All materials used in construction or renovation of such a building are exempt from state sales taxes.
• Governments for projects such as office or service buildings, public parking garages, tax increment and special assessment projects.
• Non-profit organizations including elementary and high schools, colleges and universities, cultural organizations, and any other IRS-approved 501( c ) 3 entities.
- Property Assessed Clean Energy (PACE) projects which can provide 100% of all costs associated with energy efficiency improvements.
The Port Authority is considered a “friendly borrower” and may receive favorable terms for difficult to accomplish structures or incentive-driven transactions.
Combining all available funding sources such as the grants and loans, private market funds, and financial assistance from other Port Authorities as appropriate are drawn upon to provide the borrower with the lowest cost of financing.
In addition, the Port Authority can assist organizations wishing to install energy efficiency improvements and finance the improvements through Property Assessed Clean Energy Bonds (PACE) backed by assessments against the property. The energy efficiency improvements could include roofs, heating and cooling systems, building insulation, energy efficient windows, interior and exterior lighting, solar or wind or geothermal projects which cost at least $250,000.