Who We Are
Eddie Tech™ is a private non-profit organization, recognized by Congress in 1996 principally to improve education-technology infrastructure. Eddie Tech is working to help public school districts utilize federal mechanisms to access more cost-effective financing for school construction and renovation.
Many school districts may be unable to take full advantage of the benefits of school-tax-credit bonds authorized and expanded as part of the American Recovery and Reinvestment Act of 2009 to efficiently fund capital projects. These bonds provide a substantial subsidy for school districts by authorizing the U.S. Treasury to pay “interest” to investors in the form of annual tax credits. (In 2010, the program was modified so that the bonds could also be issued as direct-payment bonds where issuers receive direct cash interest payments from the Treasury up to the credit rates that would apply if the bonds had been sold as tax-credit bonds.) However, because there is not yet a mature and established market for these bonds, many school districts across America have found it necessary to pay lenders supplemental interest from 0.5% to 2.0% per year. This raises the cost of much-needed investment in school safety, acquisition of modern technology, and enhancement of the learning environment.
Eddie Tech™ is working with public school districts across the nation to maximize the benefits offered by Qualified Zone Academy Bonds (QZABs) and Qualified School Construction Bonds (QSCBs). By grouping together multiple smaller tax-credit bonds into larger, more marketable pools, Eddie Tech plans to offer efficient “pre-packaged” issuance mechanisms and more efficient pricing for school districts. Through the work of Eddie Tech, local school districts can access low-cost financing to modernize America’s schools and create an environment that supports excellence in our classrooms.