Meetings are on a “called” basis, typically the fourth Thursday of each month at 10:00 a.m. Contact the board for more information.
Resolution No. R59-1740
Term - 6 years
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 board's jurisdiction, taxable bonds can be issued and loaned to eligible companies to acquire land, buildings, or equipment.