Industrial Revenue Bonds Wisconsin
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Industrial revenue bonds wisconsin. Moore denison university gregory d. Generally the volume cap allocated by wedc is for industrial revenue bonds irbs. The state of wisconsin s industrial revenue bond irb program allows the village to support industrial development through the sale of tax exempt bonds. Wisconsin venture fund created.
The proceeds from the bond sale are loaned to businesses to finance capital investment projects at primarily manufacturing facilities. The irb process involves five separate entities the borrower lender bond attorney issuer and wedc. At the federal level industrial revenue bonds are covered by sections 103 and 141 through 149 of the internal revenue code and income tax regulations which establish the nature and size of projects which qualify for federal tax exemption of interest. Industrial revenue bonds in wisconsin.
Irbs are tax exempt bonds that can be used to stimulate capital investment and job creation by providing private borrowers with access to financing at interest rates that are lower than conventional bank loans. Free shipping on qualifying offers. The social costs and private benefits of a public subsidy thomas s. Grants to wisconsin angel network sec.
Squires university of wisconsin milwaukee introduction public subsidies to business have grown relative to the size of the economy throughout the postwar period. Public costs and private benefits research and opinion. Industrial revenue bonds irbs are designed to help wisconsin municipalities support industrial development through the sale of tax exempt bonds.