Tax-Exempt Industrial Development Revenue Bonds, issued through the Macomb County Economic Development Corporation, provide qualified manufacturers with low-interest financing for investments of $1.25 million or more (up to $20M). Bond proceeds may be used to finance fixed assets (real and personal property). The bonds are limited obligations payable solely from revenues or other funds provided by the manufacturing company.  The first step in securing IDRB financing is to obtain a letter of credit from a bank or other rated financial institution. To learn more about IDRB financing and determine whether your planned investments qualify, contact the EDSG at 586.469.5285.

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