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Industrial Revenue Bonds

Also Known As: IRBs, Industrial Development Bonds

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Municipal debt securities issued by a government agency on behalf of a private sector company and intended to build or acquire factories or other heavy equipment and tools.  

 

Industrial Revenue Bonds (IRBs) were formerly called Industrial Development Bonds (IDB). IRBs raise capital to fund the development of a manufacturing facility or equipment that will benefit the community at large; bondholders are repaid by the revenue the project generates.

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