BizSugar.com › Finance › The Bond That Lasts - Entrepreneur.com

While tax-exempt bond financing isn't new, many eligible businesses aren't aware that it exists. Here's how it works: Each state has a bond "volume cap," which controls the amount of tax-exempt bonds the state can issue. It allocates a portion of that amount to various issuers throughout the state, which, in Harris' case, was the New Jersey Economic Development Authority. Your local economic development authority is a good place to start if you're a manufacturer interested in learning more about tax-exempt bonds.