Utility Incentives. Alliant Energy is one of the electric utility providers to the park. Alliant offers two programs to assist manufacturers in reducing their utility costs. For a limited time, Alliant is able to provide discounted rates to large businesses that relocate to Wisconsin, make significant investments, and create jobs. Alliant’s Shared Savings Program provides low-cost financing for energy-efficiency improvements. The City of Beloit, Town of Beloit, and Town of Turtle can assist in obtaining industrial revenue bonds for your new construction and new equipment purchases for an industrial facility for their communities. Industrial revenue bonds are tax exempt and interest rates typically from 1.5 to 2.5 percentage points below corporate bonds. The terms of the bond issue are negotiable and can be structured to meet the needs of the borrower. The costs of issuing the bonds, which can be sizable, can be spread out over the term of the bond issue. Companies interested in this program will need to hire a Bond Council. Base: Net Income Rate: 7.9% Base: Net Income Rate: 9.5%
Appears in 2 contracts
Sources: Joint Development Agreement, Joint Development Agreement