Welcome to The Tempe Industrial Development Authority
The Tempe Industrial Development Authority (IDA) is a non-profit corporation which operates as a public board under the City of Tempe, Arizona. The Tempe IDA’s purpose is to promote economic development and help companies scale their business by lowering the cost of project finance through the issuance of private activity bonds. Additionally, the Tempe IDA invests in the City of Tempe in ways that will encourage further development, attract new business, assure job opportunities, and enhance the quality of life of the local residents and businesses.
Since our formation in 1980, we have issued over $600 million in private activity bonds for numerous projects, and we have granted over $570,000 in college scholarships to local students to enhance the quality of life in Tempe.
Tempe, Arizona is a vibrant community, with a rich and diverse history and continuous drive for improvement in such areas as technology, education, infrastructure, environmental sustainability, the arts, economic development and overall quality of life, among others. By utilizing the services of the Tempe IDA, project developers are simultaneously reducing their cost of funds and investing in and further enhancing a remarkable city.