DMPED: November 13, 2003 - News Advisory
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Press Release For Immediate Release

November 13, 2003

If You Provide Healthcare or Higher Education, DC May Have Money for You

(Washington, DC) Today, Deputy Mayor for Planning and Economic Development Eric Price announced a free seminar for healthcare organizations and institutions of higher education on below-market interest financing opportunities through Enterprise Zone Bonds. The seminar is scheduled for Thursday, December 11, 2003 (full details below). Interested parties can RSVP to william.liggins@.gov.

About the Seminar: During the free seminar, administrators, facilities managers and finance officials can develop an understanding of the principles, mechanics and financial benefits of tax-exempt bond financing. The session is sponsored by the DC Revenue Bond Program, Holland & Knight, Graves and Horton, Riggs Bank and Bank of America.

"There are a number of institutions that don't know they qualify for-or don't realize how to capitalize upon-tax-exempt bond financing," said Deputy Mayor for Planning Economic Development Eric Price. "EZ bonds are a creative way for qualified institutions to grow and expand their operations-and a way for us to support small and large businesses across the city."

December's program is the fifth in a series. Pervious programs focused on organizations and associations, arts and cultural institutions, K-12 schools and commercial developers.

About the Revenue Bond Program: Since 1998, the Revenue Bond Program has helped some 30 healthcare, higher education and/or scientific institutions obtain more than $2.3 billion in tax-exempt bonds to acquire, renovate, equip and expand their facilities.

  What: "Financing Your Business with Enterprise Zone Bonds" Seminar

  Who: Michael Hodge, Director of Revenue Bonds & Enterprise Zones, DMPED
  When: Thursday, December 11, 2003
8:30 am to 11:00 am
RSVP to william.liggins@.gov

  Where: Children's National Medical Center
111 Michigan Ave., NW
(202) 884-5000