What can local governments do to help defray the cost of new buildings,industrial parks,and other facilities that might attract new businesses?

Question

Quizplus · Accepted Answer

Local governments can offer industrial development revenue bonds to help defray the costs of new buildings, industrial parks, and other facilities. These bonds are a type of municipal bond issued by a local government or their agencies, intended to raise money to support economic development projects that can attract new businesses. The revenue generated from the project typically pays back the bondholders.

What Can Local Governments Do to Help Defray the Cost