Formed in 1985, IBMA established its first headquarters in Owensboro, Kentucky.

In 1988 they announced plans to create the International Bluegrass Music Museum as a joint venture with RiverPark Center in Owensboro.

In 1987 IBMA established the World of Bluegrass, a combination trade show, concert, and awards presentation.

Winners are chosen by the 2,500 members of the International Bluegrass Music Association.

[1] The IBMA is the non-profit music association that connects, educates, and empowers bluegrass professionals and enthusiasts, honoring tradition and encouraging innovation in the bluegrass community worldwide.