Industrial Revenue Bond

Helping Area Businesses


The Industrial Development Board (IDB) offers tax-exempt Industrial Revenue bonds for the purchase of:
  • Buildings
  • Engineering costs
  • Infrastructure
  • Land
  • New equipment
The limit on capital spending is $10 million for each project and typically requires the borrower to provide at least 10% equity. There were no Industrial Revenue Bond program applications to the IDB in 2009.

Program Resources