Massachusetts.

The Massachusetts Industrial

Finance Agency said yesterday

that it has entered into an agreement

with the Taunton-based Kopin

Corp. to provide the company with

$3 million in new equipment

through the agency's Lease/Purchase

Program.

Kopin, a manufacturer of active

matrix liquid crystal displays, will

finance the purchase of several pieces

of testing and production equipment

at a special, five-year fixed-interest

rate of 5 5/8%.

The company said the lower rate

and the new gear will allow for the

creation of 200 jobs.

MIFA will lease the equipment

through Orix Credit Alliance Inc.

and sublease it to Kopin. The

agency's participation assures the

tax-exempt status of the lease and allows

eligible borrowers to access capital at

a lower cost.

The agency did a similar financing

this year for Uno Foods, a pizza

manufacturer.

MIFA is an independent public

agency that issues tax-exempt and

taxable bonds for qualified

borrowers in the state to spur economic

growth.

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