Privately owned manufacturing facilities may be financed with tax-exempt “private activity” industrial development bonds (“IDBs”) issued by state and local government entities on behalf of the private owners of such facilities. Although up to $10 million of IDBs may generally be issued to finance manufacturing facilities of a business owner at more than one location, the tax laws impose a number of restrictions on the issuance of such bonds. Kutak Rock attorneys are fully qualified to advise business owners and bond issuers on their ability to issue IDBs.

We frequently serve as bond counsel, underwriter’s counsel, borrower’s counsel and counsel to the government issuers of IDBs to finance manufacturing facilities throughout the United States.