Industrial Revenue Bond Issuance Cost Assistance (Wisconsin)
Last modified on February 12, 2015.
|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|
|Program Administrator||Wisconsin Economic Development Corporation|
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.
|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|