The State of Alabama Department of Finance announced in mid-November that economic development agencies across the state, including the RPCGB, will each receive a share of $12 million for job creation in their respective regions. The Alabama Revolving Loan Fund Authority met and issued bonds for the money that will be used to provide funds to twelve area agencies. The taxable bonds were sold by competitive bid to Protective Securities, a division of ProEquities, with a true interest cost of 5.416804%.
The twelve agencies that will be receiving funds from the $12 million bond issue include:
The RPCGB will receive approximately $1 million to be allocated to the expansion of businesses in its region. Businesses that are eligible for funding include manufacturing, industry, health care and technology. Contact Yvonne Murray at email@example.com for more information.