development

This entity functions as a conduit for economic development within the Tucson region. It is a public corporation, established to foster job creation and stimulate economic activity through the issuance of tax-exempt and taxable bonds. These bonds provide financing options for qualifying projects undertaken by businesses and non-profit organizations.

The benefits derived from its operations include attracting new businesses, retaining existing companies, and supporting community initiatives. Historically, it has played a significant role in funding infrastructure improvements, expanding healthcare facilities, and supporting manufacturing endeavors, contributing to the overall economic well-being of the area. This assistance allows organizations to access capital at potentially lower costs, freeing up resources for further investment and growth.