Public Economics, Inc., specializes in providing the following financing options: traditional tax exempt bonds, the federal Community Development Financial Institutions (CDFI) Bond Guarantee Program, financing strategy/packaging, New Markets Tax Credits (NMTCs), Opportunity Zones, and USDA lending programs. The company works with the following major types of lenders to help clients finance their projects: institutional investors, major national banks, nonprofit/CDFI lenders, and regional/local banks. It also provides feedback on any areas of concern for charter school clients.
Public Economics has worked with KIPP New Jersey, KIPP St. Louis, Bridge Boston Charter School, Match Schools, Brooke Schools, North Star Academy, and many others. Before deciding to work with a school, Public Economics tries to establish that a school is academically and financially successful and will benefit from its expertise. No required minimum project size.
|School Name||Total Project Cost||Lending Institutions||Public Subsidies Used|
|KIPP New Jersey/Camden||$47,000,000||CDFI Bond Guarantee lenders and nonprofit CDFI||QSCBs|
|KIPP New Jersey/Newark (Littleton Avenue)||$35,140,000||CDFI Bond Guarantee lenders, national bank, insurance company, and nonprofit CDFIs||QSCBs|
|Bridge Boston Charter School||$23,200,000||regional bank and nonprofit CDFI||QZABs, bank-qualified tax-exempt bonds|
|Edward Brooke Charter School||$17,500,000||national bank and nonprofit CDFI||QZABs, NMTCs, Historic Tax Credits|
|KIPP New Jersey/ Newark (18th Avenue)||$30,000,000||regional bank, national bank, nonprofit CDFI, insurance company||QZABs, QSCBs, NMTCs, Historic Tax Credits|
Last Updated: October 2018
Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.