Industrial Revenue Bonds (IRB’s) « Back to Search Results
Industrial Revenue Bonds (IRB’s)

Category: Financial Assistance


Industrial Revenue Bonds can be used for projects which create jobs and/or additional tax base. If a project accomplishes that purpose, the local unit of government can authorize Industrial Revenue Bonds. Interest on these bonds is tax exempt to the bond purchaser; consequently, a lower interest rate is available. Because of legal and underwriting costs, the minimum size project is $500,000.