Industrial Development Board


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Industrial Development Board

A nonprofit, usually government-owned organization intended to promote the business community in a local area. A municipal or county government may form an industrial development board to design and implement strategies to bring new businesses to that municipality or county. For example, an industrial development board may issue a bond to pay for the construction of an industrial park, which is then marketed to potential businesses locally and nationally.
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The issuance of the new bonds and the redemption of the outstanding bonds are contingent upon authorization by the Industrial Development Board and the actual closing of the sale of refunding bonds.
Nashville & Davidson County Metropolitan Government Industrial Development Board (TN) (AWM Family Project) industrial development revenue bonds series 2002;
Following the meeting of the Industrial Development Board, Clifford Stockton, Director of the Memphis Chamber of Commerce and member of the Memphis and Shelby County Industrial Development Board, stated: "The Industrial Development Board looks forward to working with Blue Earth Solutions to bring environmentally friendly foam recycling to the region, while also creating valuable jobs.
In 1991 the Industrial Development Board of Nashville (IDB) and the Metropolitan Government of Nashville (Metro) approved a $15 million tax-exempt bond issue for David Lipscomb University, a liberal-arts institution affiliated with the Churches of Christ.
Northern Ireland Industrial Development Board has offered the company pounds 4m of selective financial assistance towards the cost of the investment.
Trade International Northern Ireland, the trade and export arm of Ulster's Industrial Development Board, and Bord Bia, the Irish Food Board, the Republic's food promotions body, will promote the whole island together.
Details were revealed by Bruce Robinson, chief executive of the IDA's northern competitor the Industrial Development Board, in the wake of the recent publication of details of the agency's successes in creating new jobs in the past year.
The disclosure, which is certain to spark an outcry, comes just weeks after the Industrial Development Board was heavily criticised in a damning Audit Office report.
Boston--The Irish Trade Board, the Industrial Development Board for Northern Ireland and the International Fund for Ireland will mount a major U.
Norman Houston, a spokesman for Northern Ireland's main industrial promotion agency, the Industrial Development Board for Northern Ireland (IDB), says, "The simple fact is that we decided that attracting new investment and new jobs was vital to solving the problems that we face in Northern Ireland.
Upon graduation from the incubator, the City of Auburn Economic Development Office, the Auburn Center for Developing Industries Board, and the Auburn Industrial Development Board will encourage and assist each business to relocate within the Auburn community.

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