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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Wyatt Haskell, a founding member of the firm, has represented local governments, bond underwriters, industrial development boards, city and county school boards, cooperative districts, utility boards and other public finance clients in hundreds of projects throughout the state of Alabama.
Jobs using green technologies are about the closest things conceivable to a regional panacea; yet industrial development boards and economic development corporations seldom offer incentives to attract or create those kinds of jobs.

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