An industrial revenue bond (IRB) is a type of municipal bond issued to finance industrial development projects for private corporations. They are typically used for the construction or acquisition of facilities and equipment, encouraging economic growth and job creation.
The Infant Industry Argument is an economic rationale for implementing trade protection measures to allow emerging domestic industries to establish and grow without the pressures of international competition.
A tax abatement is a reprieve from a tax obligation, varying from partial to complete forgiveness. Governments often grant tax abatements as incentives for real estate or industrial development.
