What Are Industrial Development Boards?

Cities and counties in Tennessee have industrial development boards. How do these boards operate? What do they do?

Industrial Development Boards are government agencies established to promote economic development and job creation by supporting new and expanding businesses. Boards works closely with the city and other local and regional organizations to attract and retain businesses and industries that will benefit the community.

Industrial Development Boards offer a variety of services to businesses, including tax incentives, financing assistance, and infrastructure improvements. They also provide guidance and support to entrepreneurs and small business owners who are interested in starting or expanding their businesses in the area. City boards are made up of local business leaders who are appointed by the mayor and city council. IDB activities are overseen by the Tennessee Department of Economic and Community Development.