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Commission preliminarily approves industrial revenue bond arrangement to support local manufacturer expansion
Summary
The commission gave preliminary approval to an industrial revenue bond (IRB) framework and associated payment‑in‑lieu agreement for Miscan/Miscon expansion in Owensboro, providing a 75% property‑tax rebate for 10 years while making the local school district whole.
On Aug. 19, 2025 the Owensboro City Commission preliminarily approved an industrial revenue bond (IRB) structure and related agreements to support an expansion by a local manufacturing employer identified in the municipal order as "Miss Can America Inc." (also referenced in staff remarks as MISCON).
City staff explained the IRB functions as a property‑tax incentive: the city would hold title to the project property, making it tax exempt on the city's books, and the…
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