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Industrial Development Authority outlines bond financing, local investments and programs
Summary
Dimitri Simonton, president of the Industrial Development Authority of Sierra Vista, updated council on recent bond-financed activity, community investments and program priorities including workforce and small-business support.
Dimitri Simonton, president of the Industrial Development Authority (IDA) of the City of Sierra Vista, presented a multi-topic update on the IDA's work, financing tools and local investments.
Simonton said the IDA is a political subdivision of the State of Arizona that does not levy taxes and generates revenue by issuing bonds, including tax-exempt and private-activity instruments. He described the IDA's recent focus on education-related…
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