Jonesboro Industrial Revenue Bond and PILOT Incentives
Jonesboro may use municipal industrial revenue bonds and payment in lieu of taxes agreements to support qualifying business investment projects.
About this program
Jonesboro Unlimited identifies municipal industrial revenue bonds as a local incentive tool for business attraction and expansion projects. If taxable or tax-exempt municipal industrial revenue bonds are used for construction or financing of land, buildings, or equipment, a payment in lieu of taxes agreement is executed, allowing a negotiated local tax structure for qualifying projects that create investment and economic benefit.
Eligibility
Companies with qualifying land, building, equipment, construction, or expansion projects in Jonesboro may seek industrial revenue bond and PILOT consideration through local economic development partners.
Requirements
- Project must be located in Jonesboro or the local economic development service area.
- Project must involve qualifying land, building, equipment, construction, or financing needs.
- Applicant must demonstrate business investment, job creation or retention, and economic benefit.