Industrial Revenue Bonds (IRB)

IRBs are Tax-Exempt Bonds issued by the Oakland County Economic Development Corporation to finance:

Land acquisition	Building renovation
Land improvements	Machinery and equipment
Building acquisition	Related soft costs
Building construction

Application Document

Bond Application (file size 63k)

EDC Sample Projects

The tax-exempt status of the bonds results in extremely low interest rates. Manufacturing businesses as well as not-for-profit organizations are eligible for this loan program. Loan amounts for manufacturers range from $1 million to $10 million. There is no limit for not-for-profits. Terms vary and can range up to 30 years.

Not-for-Profit Tax Exempt Qualified 501(c)(3) Bonds Fact Sheet (file size 34k)

Manufacturing Tax Exempt Industrial Revenue Bonds Fact Sheet (file size 33k)

The Oakland County Economic Development Corporation (OCEDC) was established in 1980 under Act No. 338 of the Michigan Public Acts of 1974, as amended, the Economic Development Corporations Act, in order to stimulate business capital investment, contribute to the areas employment, increase local tax base, and provide needed public services.

Board of Directors -- Oakland County Economic Development Corporation

Contact Information

Oakland County Financial Services Group
248-858-0765

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