(Voorhees, NJ) – On Wednesday, the CCIA hosted representatives from every municipality in the county to discuss new ways they can utilize the agency to save money on new, energy efficient upgrades. Since 1993, the Camden County Improvement Authority (CCIA) has issued more than 50 series of bonds totaling over $2.1 billion in value
“Camden County is committed to being a leader in economic development for counties and municipalities throughout the state to emulate and the improvement authority is leading the way,” said Freeholder Director, and liaison to the CCIA, Louis Cappelli Jr. “The authority is currently involved in a variety of public and private projects that are rebuilding the foundation of this historic county, from financing to energy efficiency the authority brings a full range of professional services to the table for development.”
The CCIA offers comprehensive assistance to businesses constructing or renovating their facilities. This process begins with assuring that plans are compliant with local laws and regulations, and assisting throughout the public bidding process. From there, the CCIA helps to monitor construction progress, works with contractors, and oversees project close out, securing all guarantees, warranties, and maintenance schedules. The CCIA has been tapped for major projects in recent years, including the financing and construction management of Cooper Medical School of Rowan University which opened in Camden in 2012.
For municipalities, schools, healthcare institutions, fire districts, and other organizations within Camden County, the CCIA offers special financing packages to further assist them in making projects cost effective. These flexible, less restrictive financing packages give local borrowers access to a cost-saving alternative to traditional municipal bonds. Projects ranging from property and land acquisition to energy savings programs can utilize the CCIA’s unique financing powers.
For more information about the CCIA and financing opportunities available through its various programs and initiatives, visit http://ccia.camdencounty.com/.