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Rhode Island Industrial Facilities Corporation (RIIFC)
Tax Exempt Bonds
RIIFC issues tax-exempt revenue bonds for companies exploring various manufacturing projects with a $20,000,000 maximum limit per project. The bond can cover up to 100% of the cost for a manufacturing project including land, new machinery and equipment, building costs and certain eligible "soft" costs. Interest rates are tax exempt and are determined by the market. Building materials purchased for projects may be eligible for exemption from Rhode Island sales tax.
Taxable Bonds
RIIFC offers taxable bonds for businesses that want to branch out into a commercial enterprise, including building tourist-travel facilities. These bonds are almost identical to the tax-exempt bonds, but they are taxable for financing fixed commercial assets such as land, building, machinery and equipment, and related "soft" costs. The limit per project is usually established by the bond purchaser or credit enhancer.
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Number of Records: 17
Account Name | Series Year | Original Amount | Current Balance |
|---|---|---|---|
Nuerotech Pharmaceuticals, Inc | 2009 | $4,000,000.00 | $2,317,377.00 |
Cyto Therapeutics, Inc. | 1994 | $2,215,000.00 | $415,000.00 |
New England Expedition | 2003 | $4,445,000.00 | $3,570,000.00 |
New England Expedition | 2008 | $675,000.00 | $575,446.00 |
Capco Steel, LLC | 2010 | $5,000,000.00 | $4,392,788.00 |
Enertek, LLC & Affiliates | 2010 | $5,000,000.00 | $4,810,173.00 |
ATW-Parmatech, Inc. | 2010 | $5,000,000.00 | $1,300,500.00 |
Calise & Sons Bakery, Inc. | 2010 | $10,000,000.00 | $7,893,333.00 |
Hall Real Estate LLC | 2004 | $4,270,000.00 | $2,110,000.00 |
NFA Corporation | 1994 | $5,000,000.00 | $5,000,000.00 |
Waste Management of Rhode Island, Inc. | 2004 | $8,000,000.00 | $8,000,000.00 |
CP Associates, LLC | 2003 | $11,700,000.00 | $10,047,416.00 |
CP Associates, LLC | 2006 | $10,100,000.00 | $8,825,141.00 |
Bullard Abrasives | 2010 | $3,300,000.00 | $3,087,166.00 |
Exxon Mobil Corporation | 2001 | $15,400,000.00 | $15,400,000.00 |
Capco Steel, LLC | 2010 | $1,000,000.00 | $928,035.00 |
Enertek, LLC & Affiliates | 2010 | $1,030,000.00 | $990,992.00 |
Total | $96,135,000.00 | $79,663,367.00 |
Data as of 12/31/2013
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