Industrial Revenue Bonds

What is an Industrial Revenue Bond?
IRB’s are used as a method of long-term financing for private corporations, partnerships, and individuals.

Why should a person consider an IRB?
Funds can be obtained at a lower interest rate than conventional loans which means that the borrower will be saving money.

What can be financed with an IRB?
Land, buildings, structures, fixtures, machinery, and equipment.

How are bonds issued?
Authorized local authorities are allowed to issue bonds without prior voter approval in order to finance the costs of certain types of projects.

How do I contact the Clay County IDA?
Just contact the Clay County Economic Development Council offices at 816-468-4989 or info@clayedc.com and ask for information on the IDA.