Welcome to the Phoenix Industrial Development Authority

The Industrial Development Authority of the City of Phoenix, Arizona (the "Phoenix IDA") was established in 1981 by the City of Phoenix under the Industrial Development Financing Act, Arizona Revised Statutes §35-701 et. seq.  The Phoenix IDA is an Arizona nonprofit corporation and political subdivision possessing statutorily prescribed powers.

As a nonprofit corporation under the laws of Arizona, the Phoenix IDA has broad powers, including issuing bonds for specific types of projects described in the state law-enabling legislation. Such “projects” include, but are not limited to the following:

  1. Educational facilities;
  2. Manufacturing facilities; 
  3. Office buildings for use as corporate or company headquarters or regional offices;
  4. Health care institutions;
  5. Housing; and
  6. Any facilities owned or operated by a 501(c) organization.