The County IDB promotes industrial development and provides additional job opportunities in Knox County and the surrounding area
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The County IDB performs public functions on behalf of Knox County. Authorized under State law, it undertakes financing and development of projects deemed to promote industry, trade, commerce, tourism and recreation, and housing construction. The County IDB also pursues the statutory objectives for industrial development corporations.
The County IDB serves as a non-recourse conduit lender for taxable or tax-free financing for industrial projects. They administer a County, a tax abatement or Payment-In-Lieu-Of-Tax (PILOT) program, Tax Increment Financing (TIF) and undertakes the issuance of revenue bonds (Bonds) on behalf of Knox’.
Meeting Materials- Nothing available at this time -
Board Member News
Board Member Tyvi Small has been named permanent Vice Chancellor for Diversity and Engagement at the University of Tennessee – Knoxville. Tyvi accepted the interim position in January, 2019.
In making Tyvi’s appointment permanent, University Chancellor Plowman said “Tyvi has proven himself to be a compassionate, thoughtful, and creative leader who has built strong relationships based on trust and respect across our campus and the broader community.”
We are pleased and honored to have Tyvi serve on this Board of Directors.
Board of Directors
The County IDB is governed by an 11-member Board of Directors, appointed by the Knox County Commission. The County IDB does not have employees, and administrative and management services for the County IDB are provided by The Development Corporation of Knox County.