Industrial Development Authority

The Industrial Development Authority of the County of Yavapai (“Authority”) was incorporated in 1977 to provide bond financing for community and economic development for qualifying “Projects”.  In general, these Projects allow businesses to finance loans for the acquisition, construction, improvement or equipping of properties as authorized by the Arizona Revised Statutes.

Since its inception, the Authority has issued more than $1.6 billion in bond financing.  For more information on the type of Projects for which bonds can be issued, please refer to A.R.S. § 35-701 and/or feel free to contract the Authority’s legal counsel.

In 2023, the Authority launched the Community Development Grant Program to provide grants to 501c3 nonprofit organizations located in and serving residents exclusively within Yavapai County. Grants will be awarded to organizations providing services in Economic and Community Development. In order to streamline our process and reduce the redundancy in submitting proposals, as of February 1, 2024, the YCIDA is excited to announce our partnership with the Arizona Community Foundation of Yavapai County (ACFYC). Here’s what you need to know:

Grant Cycle Opening: The ACFYC grant cycle opens on February 1. Applications may be submitted directly through their grant cycle website. 

Proposal Sharing Option: At the end of the ACFYC application you may give permission for your proposal to be shared with the YCIDA.

Additional Information: Please visit the ACFYC website for further details. For detailed information on proposal evaluation by the YCIDA, please see the Grant Guidelines available on this page.

Questions: Questions regarding our process may be submitted electronically to ycidagrants@gmail.com.

Did You Know?

Facts about YCIDA

The Authority has issued over 60 Bonds since 1977.

Value of bonds issued approximately $1.6 Billion

  • Not for Profit Bonds $1,300,000,000
  • For Profit Bonds $300,000,000

We have some of the lowest IDA fees in the State, based on a June 2022 survey for a $50 million bond.

Embry-Riddle Aeronautical University

Embry-Riddle Aeronautical University has been working with the Industrial Development Authority (IDA) of Yavapai County since 1980. The IDA has always been extremely cooperative and accommodating in advancing the issuance of bonds to finance facilities and improvements located at the University's campus in Prescott, Arizona . The IDA staff are a pleasure to work with. They are very professional, knowledgeable, flexible and responsive.

Randall B. Howard, Ph.D.
Senior Vice President and CFO
Embry-Riddle Aeronautical University, Inc.

West Yavapai Guidance Clinic

West Yavapai Guidance Clinic has worked with the Industrial Development Authority of the County of Yavapai (“YCIDA”) on two occasions over the last decade. Our experience has been that the YCIDA has been very helpful and process has been very efficient. We are pleased to recommend the YCIDA to any entity interested in obtaining bond funding.

Larry D. Green Jr.
Chief Executive Officer
West Yavapai Guidance Clinic

Who is eligible to apply?

Any for profit or nonprofit organization seeking bond financing for a qualifying “Project” may submit an Application.

How long does the process take?

On average, the process generally takes between three and four months. However, the time can vary based on particular circumstances in each situation.

What is the process?

The bond process begins when an entity submits an Application (with 10 copies) and the filing fee to the Authority. The Authority’s legal counsel then reviews the Application and arranges meetings for the Authority to consider and process the bond request. The Authority normally meets on the second Wednesday of each month. It usually takes at least two meetings with the Authority before a final decision on the issuance of bonds is made. Please see the Application for further details.

Contact the YCIDA

Stephen W. Polk, Legal Counsel

Boyle, Pecharich, Cline, Whittington & Stallings, P.L.L.C.
125 North Granite Street
Prescott, Arizona 86301

 

Phone: (928) 445-0122
Email: spolk@bpcws.com

Related Materials

Bond Materials

Grant Program

Organization Materials

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