The Industrial Development Authority (IDA) has assisted manufacturing firms, nonprofit (501(c)(3)) organizations, educational institutions and health care organizations, as well as water treatment plants and pollution control facilities. The IDA aims to maintain a high level of employment and create and maintain business opportunities.
NOTICE IS HEREBY GIVEN THAT THE BOARD OF DIRECTORS OF THE MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY has scheduled a Board meeting for Wednesday, April 28, 2021 at 8:30 a.m. via conference call. Due to the COVID-19 pandemic, the building that the Authority uses for its meetings is currently closed to the public; as such the meeting is open to the public via conference call only. The call-in number is 712-770-5505 and the access code is 270345. Questions and comments may be directed to Jocelyn Gallagher, Deputy Director, Fiscal Management and Operations, email@example.com.
How the IDA Works
1. Borrowing money from private sector financing institutions
2. Loaning this money to Montgomery County companies to finance projects
3. Securing below-market interest rates on loans that are tax-exempt to the lender