Industrial Development Authority
The Industrial Development Authority of Scottsdale, Arizona (“IDA”) is committed to expanding economic development and business enterprise for Scottsdale, Arizona ("Scottsdale"). The primary mission of the IDA is to promote the retention, expansion and attraction of businesses and commercial enterprises in Scottsdale and to expand employment opportunities.
The IDA is also committed to supporting projects that impact the social, cultural, environmental and physical needs of the Scottsdale community and therefore improving the quality of life for its citizens.
The IDA is a nonprofit corporation designated a political subdivision of the State of Arizona. The IDA was incorporated in 1984 and its formation was approved by the Scottsdale City Council. The IDA has the legal ability to issue taxable and tax-exempt revenue bonds. Financing undertaken by the IDA often results in below market interest rates. In addition, the IDA supports community programs that enhance Scottsdale.
The governing body of the IDA consists of a seven (7) member Board of Directors. All members of the Board of Directors of the IDA are appointed by the Scottsdale City Council. Officers of the IDA are elected by the Board of Directors.
- Regular meetings are held on the second Wednesday of each month
- An annual meeting is held on second Wednesday of June of each year
- The Board of Directors are:
- Marc Grayson, President
- Jay Berens, Vice President
- Marc Blonstein, Treasurer
- Ronald F. Finkel, Secretary
- Robert Johnson
- Jon Musial
- Russell Kolsrud