INDUSTRIAL DEVELOPMENT AUTHORITY
Our Mission Statement
The Industrial Development Authority of Gila County is committed to expanding economic development and business enterprise for Gila County, Arizona. The primary mission of the IDA is to secure and apply resources that promote the retention, expansion, and attraction of business and commercial enterprises in Gila County and to expand employment opportunities.
The IDA is committed to supporting projects that impact the social, cultural, environmental and physical needs of Gila County and therefore improving the quality of life for its citizens.
ABOUT THE GILA COUNTY IDA
Since 1972, the Industrial Development Authority of Gila County has been innovating to promote economic development, create jobs and enhance the County’s economic well-being. The IDA is committed to helping improve the quality of life for Gila County residents and visitors by supporting projects that help to meet their social, cultural, environmental, and physical needs.
The Industrial Development Authority works in cooperation with the County and its economic development entities to promote and facilitate development activities in Gila County. Through tax-exempt bond financing and low-interest business loans, the IDA provides significant opportunities for industrial and commercial development in the County.
The IDA seeks to promote industry and develop trade by inducing manufacturing, industrial, governmental, and commercial enterprises, as well as institutions of higher education, to locate in and remain in the County.
FINANCING WITH IDA
The IDA defines economic development as those activities intended to encourage the accumulation of wealth through the creation and retention of jobs; attraction, expansion, and retention of businesses, expansion of the tax base, and improvement of the business climate. The IDA’s economic development activities are guided by a series of goals and principles which serve to further the economic vitality of Gila County.
REVOLVING LOAN PROGRAM
The Revolving Loan Fund (RLF) is a loan fund designed to create economic activity by providing greater access to capital for main street everyday small businesses. The program is targeted at small businesses that have had difficulty accessing regular credit markets.
Small business owners face many obstacles and are constantly adjusting to changing circumstances, new business conditions, and unforeseeable challenges. Receiving education and guidance from someone who has the experience and expertise to guide the small business owner in the right direction can mean the difference between success and failure.