THIS IS AN ADVERTISEMENT.
Many manufacturing companies who have survived the most severe economic downturn since the Great Depression of the 1930’s are counting their blessings that they were able to survive to this point. At the same time, some of those companies are wondering how they are going to remain competitive -- with increasing global competition -- by being able to address pent-up capital financing needs given the current state of the market, including the realities of bank failures and difficulty obtaining credit from banks still in existence.
Over the past 18 months, the federal government has introduced new programs and temporary changes to existing laws to try to address these issues, some of which can be helpful to manufacturing companies as they emerge from this financial crisis. This article will summarize the new programs that have been introduced, as well as describe the changes to existing laws that may make it easier for manufacturing companies to finance needed capital expenditures by utilizing tax-exempt bonds to produce lower interest costs.