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Tag: IDB

Inspector General Blasts Industrial Development Board (IDB)

August 6, 2024

New Orleans’ Industrial Development Board (IDB) has not been a good steward of the city’s fiscal resources because of its lack of formal and transparent policies and procedures that would have held fund recipients more accountable to the IDB’s stated requirements for PILOT projects, according to a new report by the New Orleans Office of […]

Is the City Council Revamping Economic Development Incentives Due to Ongoing Questions About Five O Fore Golf LLC?

May 29, 2024

City Council leaders have begun the process of reviewing the guidelines currently in use to determine which businesses will be accepted into the highly coveted PILOT (payment in lieu of taxes) program which provides a multi-year, multi-million dollar property tax break for the lucky recipients. To qualify for the tax break, a developer must meet […]

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