Jobs & Development Bond Fund (launching in 2025)

The Butler County Finance Authority (BCFA) Jobs & Development Bond Fund, currently being capitalized, will support economic development, business expansion, and job creation in Butler County. It will offer long-term, fixed-rate project financing ranging from $1,000,000 to $5,000,000 for qualifying businesses that create or preserve jobs. To be eligible, projects must be related to industry, commerce, manufacturing, distribution, or research activities and involve significant job creation, investment, or efficiency improvements.

The Bond Fund will cover costs like land/building purchases, machinery, construction, and leasehold improvements, requiring a minimum 10% equity contribution and a 10% bond reserve. Interest rates are fixed based on the market, and security measures include liens, mortgages, and possible guarantees. Program fees include a $30,000 documentation deposit, closing costs of 2%-3%, and an annual servicing fee of 0.50%.