Resources - Georgia Medical Center Authority

The Georgia Medical Center Authority’s (GMCA) revenue raising activities provides a valuable tool in securing the necessary finances to construct or renovate facilities suitable for life sciences R&D and manufacturing facilities. The GMCA’s authority to issue bonds has a statewide impact as a revenue raising mechanism available to all communities in the state of Georgia, and it is strictly a conduit bond financing source. With this type of financing, the project itself must secure the repayment of the bonds. As a state authority, GMCA is guided by the policies and procedures established by the Georgia State Finance & Investment Commission (GSFIC).

Under the current set procedures, GMCA staff will review the proposed projects and will perform initial due diligence to determine the feasibility. The projects deemed within the scope of the bonding authority guidelines will be presented to the GMCA Board of Directors for approval by resolution. GMCA will work closely with the Attorney General’s Office, the Georgia State Finance & Investment Commission (GSFIC), the Office of Planning and Budget (OPB), and the Department of Community Affairs (DCA), on life science projects appropriate for bond financing.

Below is the structure of a recent biopharmaceutical facility renovation project proposed by the GDEcD:

Financing Structure

Bond Financing
Private Investor
GA Strategic Industries Fund
Company Provided Equipment & Validation of Facility

Total Facility Investment:

$18.575M
$3M
$3M
$4M
________
$28.575M

For comments and questions, contact info@GeorgiaMedicalCenterAuthority.org