Thursday, December 2, 2010

Local Projects Get Money

Gov. Chris Gregoire and the Washington State Department of Commerce announced today that nine jurisdictions have been granted authority to issue more than $77.8 million of Recovery Zone Bonds and $5.3 million in Small-Issue Private Activity Bonds.  Local projects:

Jurisdiction           Authority           Project

Pierce County         $5.3 million         Frederico Enterprises: Acquisition and remodel of 82,000 square-foot facility to process salmon for distribution to local supermarkets.

City of Tacoma       $9.4 million         Tacoma Dome Parking Facility: Construction of a new parking garage at the Tacoma Dome.

The Bond Cap Allocation Program helps state and local jurisdictions provide tax-exempt bond financing for projects with substantial private investment and resulting in public benefits such as job creation, environmental protection, creating affordable housing, assisting first-time home buyers, and improving public infrastructure.

Learn more about the Bond Cap Allocation and Community Renewal Program here.

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