Industrial Revenue Bond Issuance Cost Assistance (Wisconsin)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Wisconsin


Applies to States or Provinces Wisconsin
Name Industrial Revenue Bond Issuance Cost Assistance (Wisconsin)
Policy Category Financial Incentive
Policy Type Bond Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector Local














Program Administrator Wisconsin Economic Development Corporation
Primary Website http://inwisconsin.com/inside-wedc/transparency/programs/idle-industrial-sites-program/


Last Review 2014-09-15



Summary

Industrial Revenue Bonds (IRB) 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. The IRB process involves five separate entities – the borrower, lender, bond attorney, issuer, and WEDC. WEDC allocates the bonding authority or the volume cap for the program under Wis. Stat. § 238.10.


Policy Contact

Contact Name General Inquiries
Department Wisconsin Economic Development Corporation
Division Economic and Community Development
Address 201 W. Washington Ave.
Address 2 P.O. Box 1687
Place Madison, Wisconsin
Zip/Postal Code 53703
Phone 608-210-6838
Phone 2 855-469-4249


Website http://inwisconsin.com/grow-your-business/resources/regional-account-managers/


















References