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Arizona Industrial Development Authority
118 North 7th Avenue
Suite 400
Phoenix, AZ  85007  United States

Business Summary
The Arizona Industrial Development Authority ("AZIDA") assists private borrowers to reduce their financing costs through the issuance of tax-exempt bonds. Nationally, private activity bonds are issued by industrial development authorities for the benefit of private users. Repayment of the bonds is an obligation of the private user, not of the issuing authority. The proceeds of these bonds are used for industrial and other private purposes and the interest on the bonds may be exempt from federal income tax. In Arizona, the interest on the bonds is also exempt from state income tax. The AZIDA issues both taxable and tax-exempt bonds for commercial activities using a streamlined process at competitive rates.

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Wednesday, May 15, 2024