The Industrial Development Board may acquire, develop, lease and sell property to facilitate new businesses locating to Knoxville or assist businesses in expanding their operations. The board may also issue tax-exempt revenue bonds to assist in the financing of projects.
APPOINTMENT OF BOARD MEMBERS
The City Industrial Development Board is governed by a nine member Board of Directors, nominated by the Mayor and confirmed by City Council. Members serve for six years and in the event of a vacancy, an appointment may be made only for the unexpired portion of the term.
Board meets on the second Monday in the months of February, May, August, and November. Meetings at 5 p.m. at the Knoxville Area Chamber offices at 17 Market Square #201.