Industrial Development Board
About the Industrial Development Board (IDB)
What is the IDB?
Tax-exempt industrial development bonds are available for qualified manufacturing operations. The financial strength of the company at the time the bonds are taken to market will determine the rate of the bonds. There is a $10 million cap on small issue bonds; however, there are a number of categories of projects that may be exempted from this limitation. Under the IDB board's jurisdiction, taxable bonds can be issued and loaned to eligible companies to acquire land, buildings, or equipment.
How the Board functions
The function of the Industrial Development Board is to acquire, own, lease, and dispose of properties to the end that corporations may be able to promote industry and develop trade by inducing manufacturing, industrial, and commercial enterprises to locate in Nashville.
Industrial Development Board Rules & Regulations.pdf
Schedule of Meetings, Agendas, Minutes
On a “called” basis, 10:00 a.m., at 205 Metropolitan Courthouse (contact board for more information).
Board Members
Mr. Nicholas D. Bailey - Chairman
10/06/2009 08/23/2015
4700 Elkins Avenue
Nashville TN 37209
Mrs. Grace Fairbanks
11/06/2007 08/23/2013
4322 Esteswood Drive
Nashville TN 37215
Mr. Richard L. Fulton
11/01/2011 08/23/2017
71 Wyn Oak
Nashville TN 37205
Mr. Aubrey Gregory
11/06/2007 08/23/2013
P.O. Box 694
Madison TN 37116
Ms. Ginger Hausser
11/01/2011 08/23/2017
2510 Natchez Trace
Nashville TN 37212
Mr. John C. Hobbs
10/06/2009 08/23/2015
2607 Crump Drive
Nashville TN 37214
Ms. Sharon W. Hurt
11/01/2011 08/23/2017
1215 9th Avenue North, #201
Nashville TN 37208
Mr. Carnell Scruggs
02/02/2010 08/23/2013
718 Thompson Lane # 108
Nashville TN 37204
Mr. Walter T. Searcy, III
10/06/2009 08/23/2015
1029 Villa Place
Nashville TN 37212
Contact
Matt Wiltshire, Director, Mayor's Office of Economic and Community Development, matt.wiltshire@nashville.gov or 615-862-6021
Chris Parham, Special Projects Assistant, Mayor's Office of Economic and Community Development, chris.parham@nashville.gov or 615-880-1504
For more information, please visit the Nashville Chamber's Website.