Cities and counties may issue Industrial Development Revenue Bonds to provide financing to promote economic growth within the state, and to create jobs for in-state residents. IDR Bonds are land acquisition, building and equipment loans, and are interest exempt from federal income taxes.
Each state receives an annual private activity bond allocation from the IRS. Applicants must complete the allocation request and process for Governor’s approval. For more information, contact Ben Avery, Business and Industry Division Director at 307.777.2863 or firstname.lastname@example.org.
Industrial Development Revenue Bonds Facts
Governor's Rules on Volume Cap Allocation
Industrial Development Bonds
The State Treasurer is allowed to purchase industrial development bonds issued by municipalities or counties for the benefit of Wyoming businesses. The bonds may finance purchase, construction and installation of buildings personal property or equipment, which will add economic value to goods, services or resources within the state. The purchase of these bonds is authorized by W.S. 9-4-715 (m). For more information, contact Ben Avery, Business and Industry Division Director at 307.777.2863 or email@example.com.
Industrial Development Bonds Facts