Allegro Subsidiary Allocated $150M GO Zone Bonds by Louisiana Governor

Allegro Biodiesel Corp. (OTCBB:ABDS), announced that Governor Kathleen Babineaux Blanco, of the state of Louisiana, has allocated $150 million in Gulf Opportunity Zone Bonds (“GO Zone Bonds”) to be issued by the West Calcasieu Port for the benefit of the Southern Intracoastal Biofuels, L.L.C., a 50 percent owned subsidiary of Allegro.

GO Zone Bonds are a new category of tax-exempt private activity bonds referred to in the GO Zone Act as "Gulf Opportunity Zone Bonds." The bonds are an integral part of the federal assistance made available in the GO Zone to support the rebuilding and revitalization of the local and regional economies impacted by hurricanes Katrina and Rita. More >

IP wins $30 million in bonds with funding from GO Zone

International Paper will receive an additional $30 million in revenue bonds made possible by the Katrina-inspired Gulf Opportunity Zone legislation passed by Congress.

Warren County supervisors agreed Monday to issue the bonds for the company after plant officials expressed the need for new equipment and improvements to its mill on Mississippi 3.

Ongoing improvements to boilers, tanks, roads and rails, water systems and electrical stations were financed by a $20 million GO Zone bond issue in which the county participated in 2006. More >

Building stronger pays off

Built with brick and steel, the new Singing River Village shopping center in Pascagoula qualifies for discounted insurance premiums through the state wind pool.

"It's all about building back better, safer and stronger and it has really paid off as far as our insurance premium is concerned," said Mark Cumbest. The GO Zone Act also provided additional incentives to build the retail center, said Cumbest. More >