The function of the Industrial Development Board is to acquire, own, lease, and dispose of properties to be able to promote industry and develop trade by inducing manufacturing, industrial, and commercial enterprises to locate in Cannon County.

The IDB is a separate non-profit entity governed by its own Board of Directors. All board members have been approved by the County Commission and when a vacancy needs to be filled the Candidate will be presented first to the IDB Board for approval then presented to the County Commission for approval.

While members have been approved by the County  Commission it is a separate entity with its own charter and board. Separate financials and annual audit completed separately from the County. No funds are commingled.