In order to facilitate economic development and employment opportunities in Jefferson County, The Port of Port Townsend (pursuant to Ch. 39.84 RCW) has the authority to issue revenue bonds for the purpose of financing all or part of the project cost of any industrial development facility and to secure the payment of the revenue bonds as provided.
Tax-exempt financing issued through the Port of Port Townsend’s Industrial Development Corporation (IDC) is available to qualifying companies. These Industrial Development Revenue Bonds (IDRB’s) offer manufacturing and processing companies below-market interest rates for eligible uses (see below), such as purchasing land /equipment, constructing buildings, and/or upgrading existing facilities.
Learn more about this financing option, and whether it makes sense for your business.