Industrial Revenue Bonds are an attractive means for manufacturing companies to expand their business by offering a competitive interest rate and tax exempt income for the holder of the bonds. IRB's are used to finance fixed assets and include a $10 million dollar cap within each jurisdiction over a six-year period. The cap affects both the amount of the bonds and capital expenditures going both backwards and forwards three years. The maximum any company may have outstanding nationwide is $40 million at any given period.

Industrial Revenue Bonds are most cost effective for companies planning to invest at least $1.5 million and not exceed $10 million. Bonds are approved and processed in a process including both the county and state. Bond counsel is required.

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