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Reid Announces $225 Million For Nevada From Economic Recover Package

Nevada Senator Harry Reid announced that $225 million in bond authority has been made available for eight counties in northern and rural Nevada through the economic recovery R000146.jpgpackage.  These Recovery Zone Bonds are targeted to areas suffering from significant job loss and are designed to help local governments obtain financing for economic development projects that will create jobs and help revive our economy.

Recovery Zone Economic Development Bonds are used to finance a broad range of economic development projects such as job training and educational programs. Recovery Zone Facility Bonds are a type of traditional tax-exempt bonds that may be used by private businesses in designated recovery zones to finance a wide range of capital projects.  Read more:

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This entry was posted on Tuesday, June 16th, 2009 at 6:23 am and is filed under Industry News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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