Companies meeting specific requirements regarding job creation and investment may be eligible for a FILOT/PILOT plan.
Tax Exempt Industrial Revenue Bonds (IRBs)
SEDA is authorized to issue both tax exempt and taxable industrial revenue bonds for projects that meet state and federal laws. It is a means of conduit financing that often provides the user with lower interest rates and allows for a negotiated investment payment in lieu of taxes. Technically, SEDA retains title to the property and improvements for the life of the bond and leases the project to the user.
Reduction in Tap-in Fees
The City of Savannah will consider reducing fees associates with tapping into the water and sewer lines. This reduction is negotiated between you and representatives from the City and is based on your projected usage.
