December 20, 2019
$20,108,270
WHEFA Bond Financing Helps Goodwill Industries of North Central Wisconsin
Refinance to Further Advance Its Mission
Bonds Placed with PNC Bank
“The refinancing of the bonds has allowed us to further advance our mission of Elevating People by Eliminating Barriers to Employment within the 35 counties we serve in north central Wisconsin. The success of this process means providing more job training and opportunities within our communities and would not be possible without the support of our partners and board of directors.”
Billie Jo Higgins, Vice President of Finance
Goodwill Industries of North Central Wisconsin
Goodwill Industries of North Central Wisconsin employs about 920 full-time equivalents and provides paid job training to people with disabilities and other barriers to employment. Goodwill provided nearly a quarter of a million hours of job training across 35 counties in 2018.
Bond financing facilitated by WHEFA was used to help Goodwill Industries of North Central Wisconsin refinance bonds previously issued by WHEFA. This tax-exempt financing process has enabled Goodwill Industries of North Central Wisconsin to operate more effectively by refinancing its capital expenses at a lower interest rate.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.
