CDFA // BNY Mellon Development Finance Webcast Series: Manufacturing Bonds for Disaster Response

Description

Industrial Development Bonds (IDBs), also referred to as Manufacturing Bonds, are the most frequently used bond tool for financing the manufacturing sector and are a key economic development tool for many states. IDBs can also be important in the context of disasters; it was well-documented how the manufacturing of personal protective equipment, medical supplies, test kits, and more was crucial during the recent pandemic. While a significant portion of the economy was shut down, essential facilities such as manufacturing plants often became uniquely valuable and remained opened because of their ability to pivot production toward critical needs. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will look at how IDBs act as a resilient economic driver by financing the manufacturing facilities that stabilize local economies during crises.