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SCPA Frequently Asked Questions

If you own an existing business in Stark County, the SCPA can:

  • Assemble a team of development officials and experts to coordinate local, state and federal assistance for large expansion or construction projects.
  • Provide assistance in locating, acquiring and developing real estate suitable for expansion or new construction.
  • Act as a source of market rate bond financing to assist in constructing new manufacturing, warehouse, and distribution facilities, or large office buildings.
    Types of financing include off-balance sheet financing, synthetic lease financing, and conduit financing.
  • Provide financing options that keep real estate off the company books. The Port Authority can work with your company to secure bond financing to construct a facility through a lease with the Port Authority. The lease can be structured in a variety of ways, including provisions that provide the company with an option to purchase the facility during the term of the lease.

If your are interested in locating a business in Stark County, the SCPA can:

  • Assemble a team of development officials and experts to coordinate local, state and federal assistance for new construction projects.
  • Provide assistance in locating, acquiring and developing real estate suitable for relocation or new construction.
  • Act as a source of market rate bond financing to assist in constructing new manufacturing, warehouse, and distribution facilities, or large office buildings.
    Types of financing include off-balance sheet financing, synthetic lease financing, and conduit financing.
  • Provide financing options that keep real estate off the company books. The Port Authority can work with your company to secure bond financing to construct a facility through a lease with the Port Authority. The lease can be structured in a variety of ways, including provisions that provide the company with an option to purchase the facility during the term of the lease.

If you represent a local government in Stark County, the SCPA can:

  • Help leverage local funds to attract state infrastructure dollars to fund water, sewer or other infrastructure improvements that will help an existing company expand or attract a new business
  • Identify potential industrial sites for acquisition and explore development financing options.
  • Assist in assembling a team of development organizations and experts to coordinate local, state and federal assistance for companies interested in constructing new facilities in your municipality.

 

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