Meeting Frequency
As of January of 2024, meetings are now held monthly on the second Wednesday of each month at 10:00 a.m. Contact the board for additional information.
Description
Resolution No. R59-1740
Term - 6 years
9 Members
Function
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.
Application for issuance of Industrial Revenue Bonds
Policies and Procedures for Bond Issuance
Rules and Regulations
- Board rules and regulations
- 1959 Resolution and Charter for the Industrial Development Board
- 1963 Resolution for the Industrial Development Board name change
- 2010 Rule for Industrial Development Board Filing Fees
- 2022 Interlocal Agreement between Metro Government and Industrial Development Board
If you have issues accessing the Rules and Regulations documents, please contact the Board Contact for this board.
Contact
Jamari Brown