An Industrial Development Board (IDB) is a governmental or quasi-governmental entity established to promote and support economic development within a specific jurisdiction. Its primary role is to attract, retain, and expand businesses and industries to enhance the local economy, create jobs, and improve the quality of life for residents.
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 term 'make-work' refers to the uneconomic utilization of the workforce, where jobs are created not for their value or necessity but to provide employment opportunities.
