@mcida.com
Maricopa County Industrial Development Authority is a company that offers economic development services.
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Description
Mcida is a brand that aims to create and maintain jobs within Maricopa County, while also helping residents achieve a better standard of living. They offer private borrowers the opportunity to finance their projects with tax-exempt interest from private lenders, without any government money involved. Mcida specializes in providing affordable financing for various projects that have a positive impact on the community, including affordable housing, manufacturing facilities, infrastructure projects, non-profit facilities, senior living facilities, healthcare facilities, and educational institutions.
As a conduit issuer, the Maricopa County IDA provides lower-cost financing for qualified projects through the issuance of revenue bonds. These bonds are exempt from both Arizona and federal income taxation, subject to compliance with the Internal Revenue Code. The brand is governed by a Board of Directors comprised of private, volunteer citizens appointed by the Maricopa County Board of Supervisors, who meet regularly to oversee operations and approve bond issuances.
For over 45 years, the partnership between Maricopa County and the Maricopa County IDA has successfully increased affordable housing, created jobs, and enhanced the economic vitality of the state
Company Type
Government Agency
Company Size
2-10
Year Founded
1974
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