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Industrial Revenue Bonds

The State of Texas Industrial Revenue Bond Program (IRB) is designed to provide tax-exempt or taxable financing for eligible industrial or manufacturing projects as defined in the Development Corporation Act of 1979.  KEDC may issue tax-exempt bonds to finance land and depreciable property for manufacturing facilities. The maximum bond amount is $10,000,000 and the and the total capital expenditure limitation for the project is $20 million. This includes costs that are incurred 3 years back and 3 years forward. Eligible project costs include the acquisition by a business of an existing facility, acquisition of land, construction of new facilities, machinery, tools, equipment, limited costs of issuing the bonds, such as legal fees, and administrative costs. The bonds are subject to the state’s private activity bond volume cap administered by the Texas Bond Review Board.
Apply
Companies interested in applying for an industrial revenue bond should contact KEDC Executive Director Amanda Nobles at (903) 983-3522 or anobles@kilgore-edc.com
Administration
The Industrial Revenu Bond Program is administered through the Office of the Governor, Economic Development Bank.  For Bank contact information, click HERE.