Port Authority Services
Southeastern Ohio Port Authority (SeOPA) can issue bonds on behalf of a borrower for the purpose of making the proceeds available to the borrower for certain projects. SeOPA works in partnership with traditional lending institutions and its public partners to provide the most advantageous financing for a project. Ultimately, the financial strength of the transaction is based upon the creditworthiness of the underlying borrower (and any credit enhancement available in the deal).
Property Assessed Clean Energy Financing
Property Assessed Clean Energy (“PACE”) financing presents a way to finance energy efficiency, renewable energy, and water conservation upgrades to buildings. PACE can pay for new heating and cooling systems, lighting improvements, solar panels, water pumps, insulation, and more for almost any property – homes, commercial, industrial, non-profit and agricultural.
The Southeastern Ohio Port Authority enjoys an exemption from sales tax on building and construction materials that are incorporated into its facilities. By entering into a structured lease transaction with a company, the Port Authority can pass that exemption on to the company.
Infrastructure Grant and Loan Programs via partners at the Buckeye Hills Regional Council.
City of Marietta Community Reinvestment Area
The City of Marietta facilitates a Community Reinvestment Area to encourage rehabilitation and new construction within the city. Currently, properties located within the central business district of Marietta may qualify. The program allows for tax exemption for up to 15 years on new construction and up to 12 years for renovation. For more information on the program, please reach out to the Port Authority or the City of Marietta for further details.