Industrial Development Board

Description

Resolution No. R59-1740
Term - 6 years
9 Members

What is the Industrial Development Board (IDB)?

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 Revenue Bonds

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.

Application for issuance of Industrial Revenue Bonds

Rules and Regulations

The rules and regulations of the Industrial Development Board may be found at the link below.

Rules and Regulations

Meetings

Meetings are on a “called” basis, typically the second Tuesday of each month at 10:00 a.m., at 205 Metropolitan Courthouse (contact the board for more information).