Overview | Programs | Deadlines | Fees | Staff
Applicants of the Manufacturing Facility Program (also known as IDBs or IRBs) are manufacturing facilities who are interested expanding their business. Size of the expansion, the number of new jobs, and high wages are an important factor in weighing the approval of the application.
There is a cap of $12,000,000 for each allocation request and at least 20% of the financing for the project must be taxable. The Internal Revenue Code also specifies that the sum of all other IDBs used by the developer cannot exceed $40,000,000 nationwide. The bond proceeds cannot by used to refinance debt, inventory, or operating capital. For more information regarding manufacturing bonds, please view the Manufacturing Facility Application Guidelines (pdf) and Policies & Procedures for Manufacturing Facility Applications (pdf).
Applicants must submit a complete application (including appropriate fees) on or before the deadline for the target board meeting. Each application is thoroughly reviewed by an analyst and staff before it is submitted for approval to the Private Activity Bond Review Board. Missing information or fees may delay the application process.
Please complete the Manufacturing Facililty Application (pdf) and submit it to Roxanne Graham or call (801) 538-8722.