Business Services : Industrial Development Bonds(IDBs)

Industrial Development Bonds(IDBs)

JEDCO, through its State enabling legislation, issues tax-exempt and taxable IDBs to finance land acquisition, building construction and the purchase of new equipment.

Private business owners and corporations may borrow tax-exempt money to cover the costs of acquiring, constructing and renovating non-residental real property located in the GO Zone. Jefferson Parish is included in this zone.

Eligible projects may include, but are not limited to: retail stores, warehouses, manufacturing facilities, industrial parks, office buildings, bank branches, hotels and motels, restaurants, physician office buildings, medical hospitals and clinics  

Projects must meet certain qualifications.

Contact:  @ (504) 833-1881.