The Economic Development Authority of the City of Lynchburg is a political subdivision of the Commonwealth of Virginia organized and operating under the Virginia Industrial Development and Revenue Bond Act, Chapter 49, Title 15.2, Code of Virginia, 1950.
Companies seeking to finance new manufacturing facilities or improvements to existing facilities can obtain long-term financing at favorable interest rates through the use of industrial revenue bonds (IRBs). An IRB is issued by a local industrial or economic development authority to finance the acquisition, 建设和/或设备设施或可用于再融资现有的内部审核委员会. Tax-exempt financing may also be available for facilities for nonprofit organizations like hospitals and schools.
Fees of the Economic Development Authority of the City of Lynchburg include non-refundable application fee, 公听会广告费, 当局律师费及年费, when billed, an annual administrative fee of 1/10th of 1% of the outstanding principal amount of the Bond on each anniversary date of the closing date
Bond issuance requires approval at public hearing by both the Economic Development Authority of the City of Lynchburg and the Lynchburg City Council. 欲赌博十大平台排行信息,请联系经济发展部主任Marjette Upshur & 旅游咨询电话:(434)455-4490或marjette.upshur@lynchburgva.gov.