June 17, 2014
Hamburg, Rubin, Mullin, Maxwell & Lupin, PC is pleased to report that Merle R. Ochrach, Esq. was recently appointed Solicitor of the Montgomery County Industrial Development Authority (MIDA). In her role as Solicitor, Ms. Ochrach will represent the Montgomery County Industrial Development Authority in facilitating loan and bond financing to borrowers throughout Montgomery County and representing the Authority in its day to day operations pursuant to the Pennsylvania Economic Development Act.
The MIDA assists manufacturing firms, nonprofit (501(c)(3)) organizations, educational institutions and health care organizations, as well as water treatment plants and pollution control facilities, in borrowing money from private sector financing institutions and loaning this money to Montgomery County companies to finance projects with below-market interest rates that are tax-exempt to the lender.View File