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PFA Provides $22M in Revenue Bonds to Goodwill Industries of Southern Nevada

The Public Finance Authority (PFA) has provided $22 million in revenue bonds to finance the acquisition, construction, improvements, renovation, furnishing and/or equipping of retail stores and donation centers to the Goodwill Industries of Southern Nevada, Inc. (herein known as “GSN”) located in Nevada.

The project provided financing for 3 site acquisitions as well as furnishing and equipping 9 different stores and administrative offices.  The project will serve the borrower by providing additional donation drop-off and retail and space that translate into added revenues, which are used to provide education, employment and training for people with disabilities and other barriers to employment. 

GSN was established in 1975 as a nonprofit organization.  It is GSN’s mission to provide education, employment and training for people with disabilities and other barriers to employment in order to maximize the quality of life for each individual served.  GSN is an innovative and sustainable social enterprise that turns donations of “gently used” goods into new jobs and new careers for members of the local community.  They believe that work creates the economic energy that builds strong families and strong communities.

PFA partnered with DA Davidson and Ballard Spahr LLP to provide financing to GSN in order to acquire and make improvements to 3 different retail stores and location centers as well as furnishing and equipping 9 different stores and administrative offices.