Recovery Zone Economic Development Bonds are taxable bonds issued for "economic development purposes" where the federal government rebates to the issuer 45% of the interest. These governmental bonds can be used for public infrastructure, public facilities, job training and education programs located in a Recovery Zone (including working capital). These bonds cannot be used for private activity purposes. This type of financing can be used for government owned facilities.
Questions may be directed to Patty Lilledahl, Director Business Development and Finance 651-266-6593.
Recovery Zone Area Map
Recovery Zone Area Map with Census Tracts