Industrial Revenue Bonds

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Industrial revenue bonds (IRBs) are the pre-eminent economic development tool in New Mexico. Since 1985, well over one hundred series of bonds totaling many billions of dollars have been issued by over 40 municipalities and counties, ranging in size from Albuquerque to Grady. A wide variety of large and small companies have benefited from IRBs. For more information regarding whether IRB’s are right for your project, call San Juan County at (505) 334-4271.

What is an Industrial Revenue Bond (IRB)?

Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand the tax base of a community. IRBs are issued by Industrial Development Corporations sponsored by a government unit, but their proceeds are passed on to private businesses, which are generally responsible for debt service payment.

What is the process to apply?