Functions of the Industrial Development Board

The Industrial Development Board in Hickman County, Tennessee, works as an agent for the county to expand business and industry. Working with site selection consultants, the Board buys and sells property intended for business and industrial development. The Board can also sell bonds for funding these industrial assets. The IDB manages PILOT projects (payment in lieu of taxes)—a important tax incentive for companies to locate in Hickman County as well as TIF projects (tax increment financing) that helps developers add value to an area.

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