WKRDA (Will Kankakee Regional Economic Development Authority) provides low-cost financing options for economic development in our region, acts as the issuer of the bonds, passing its double tax-exempt status on to finance the acquisition of fixed assets including land, buildings, machinery, and equipment.
An RDA is a Regional Development Authority. Illinois RDAs are self-sufficient and do not rely on state or local government support. They are funded from fees on bonds issued to provide low-cost financing for eligible projects. The fees are significantly less than the savings realized by the borrower.
What Can WKRDA Bonds Finance?
Manufacturing Industrial Revenue Bonds for small manufacturers, distribution centers, and railroad facilities
Affordable, Senior, and Assisted Living Multi-Family Housing Revenue Bonds on behalf of for-profit or non-profit developers
501 (c)(3) Not-For-Profit Revenue Bonds for hospitals, medical centers, YMCAs, private universities, community centers, social service agencies
Education Revenue Bonds for public school districts, including new capital projects or refundable existing debt
Solid Waste Reduction Revenue Bonds to divert waste products to consumable products
Dock and Wharf Revenue Bonds for capital projects along navigable rivers, public waterways, and port districts
Find out more about WKRDA and how it might benefit your business or organization at willkankakeerda.com, or contact Angela Morrey at 815-935-1177, amorrey@kankakeecountyed.org.
