Monroe County Industrial Development Corporation (MCIDC), established in Monroe County, serves the primary purpose of promoting economic growth through the enhancement of job creation and community development. Its key services include providing tax incentives, financing options, and facilitating public-private partnerships aimed at fostering sustainable business environments.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| MONDEV 4.63% 2035-07-01 USDMonroe County Industrial Development Corporation | United States | 2035-07-01 | 4.631 | 4.30 |
| MONDEV 4.88% 2045-07-01 USDMonroe County Industrial Development Corporation | United States | 2045-07-01 | 4.881 | 5.31 |
| MONDEV 5.31% 2033-07-01 USDMonroe County Industrial Development Corporation | United States | 2033-07-01 | 5.311 | 4.21 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, MCIDC has been pivotal in supporting local infrastructure and business initiatives through bond issuances that date back to the early 1990s. Notably, the corporation issued a significant series of revenue bonds in 2015 to fund a local manufacturing expansion, which offered competitive yields compared to the regional industry average. As of 2023, the MCIDC's bonds feature attractive tax-exempt provisions while maintaining robust credit ratings, showcasing the corporation's commitment to fiscal responsibility and sustainable economic growth.