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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.

The Gateway to the Northern Minnesota Vacationland

Fast Fact Image

Morrison County, the gateway to the Northern Minnesota vacationland, is located 100 miles northwest of the Minneapolis-St. Paul area, Little more than a 90 minute drive via the four lane highway system. The area offers an abundance of wildlife, lakes, streams, snowmobiling and cross country ski trails. Beautiful parks and trails create endless opportunities to enjoy outdoor recreation.