The Industrial Development Board of the County of Knox:
The Industrial Development Board of the County of Knox (County IDB) performs public functions on behalf of Knox County. Authorized under State law, the County IDB undertakes financing and development of projects deemed to promote industry, trade, commerce, tourism and recreation, and housing construction. The purpose of the County IDB is to promote industrial development and provide additional job opportunities in Knox County and the surrounding area and to pursue the statutory objectives for industrial development corporations. The County IDB serves as a non-recourse conduit lender for taxable or tax-free financing for industrial projects. The County IDB also administers, on behalf of Knox County, a tax abatement or Payment-In-Lieu-Of-Tax (PILOT) program, Tax Increment Financing (TIF) and undertakes the issuance of revenue bonds (Bonds).
Board of Directors
The County IDB is governed by an 11-member Board of Directors, appointed by the Knox County Commission. The County IDB does not have employees, and administrative and management services for the County IDB are provided by The Development Corporation of Knox County.
|County IDB Board of Directors|