Tucson creates loan program to help underrepresented businesses
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Investing in a
We enable strategic economic and community development by providing financing and access to capital for projects and programs that benefit a thriving Tucson.
Holistic economic development empowers good jobs, affordable homes, healthy neighborhoods, sustainable infrastructure, and equitable opportunities for all.
"Tucson IDA’s Bond Financing program was the only option available to us for rehabilitating 14 buildings for over 100 residents at Catalina Village Assisted Living. Tucson IDA understood the community need and offered us a well laid out program managed by a highly competent staff."
–Terry McNellis, Catalina Village Assisted Living, Inc.
"I would like to officially announce the Transform Tucson Fund in collaboration with the City of Tucson Industrial Development Authority under the very capable leadership of Dre Thompson.
The Transform Tucson Fund is a strategy to invest in a more equitable, dynamic, and sustainable economy.
With this innovative fund we will be setting a national standard for excellence in driving public private investment into innovative business and job creation as well as investments and equity and sustainability."
Mayor Regina Romero
State of the City Address
Tucson IDA in Action
Tucson IDA’s annual $250,000, short term, bridge loan did more than help us manage a challenge in our cash flow cycle. The community loan helped us increase income and productivity, even during adverse market factors that were unforeseen and uncontrollable.
This true sign of burgeoning fiscal health is a manifestation of the importance of the work the IDA does within our communities.
Billy Russo, Managing Director, Arizona Theater Company
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