McLean Packaging

McLean Packaging realized doing business in New Jersey was more cost efficient than remaining in Pennsylvania thanks to a BEIP grant incentive and $10 million in long-term, low-cost bond financing from the EDA. read more

The EDA issues conduit tax-exempt private activity bonds, the proceeds of which are used to provide low-interest, fixed-asset loans. Borrowers must meet the eligibility requirements outlined in the Internal Revenue Code (IRC) in order to qualify. Taxable bonds are also available for a wide variety of businesses. Taxable bonds offer similar flexibility in structuring rates and terms but are not subject to the restrictions placed on tax-exempt financing under the IRC. Click here for more information.