Industrial Development Revenue Bond


Also found in: Acronyms.

Industrial Development Revenue Bond

A municipal bond in which a local government entity is seeking to raise money for a private company. A municipality issues an IDRB when it wishes to attract a business and the jobs in brings to the area, especially when the business may be otherwise unable to obtain financing for the project.
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As part of the state's qualifying process, the Lane County Board of Commissioners earlier this month approved GloryBee's request to pursue industrial development revenue bonds.
Several Eugene-Springfield area companies have used industrial development revenue bonds to help fund their projects.

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