Grants and Incentives

Tax-exempt Bonds

Private Activity Bonds are often called Industrial Revenue Bonds (IRBs) or Industrial Development Bonds (IDBs) and are issued by state or local governmental entities for the benefit of a private company, usually manufacturers. Interest on the bonds is generally exempt from federal income taxes for investors, which typically results in lower long-term interest rates to the borrower.

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Centralizing and augmenting operations here allows us to capture the benefits of low-cost living, exceptional higher education, and economic incentives to pass along more value to our customers. Geographically, logistically and economically, Indiana makes sense.

- Greg Ranger, president and chief executive officer, TriMedx