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Scottsdale Industrial Development Authority seeks to revive bond financing and community grants
Summary
Rod Hancock, executive director of the Scottsdale Industrial Development Authority, told Scottsdale board members the IDA is reactivating outreach to issue conduit revenue bonds and restart community grant programs after years of limited activity; any bond issuance requires City Council approval.
Rodney (Rod) Hancock, executive director of the Scottsdale Industrial Development Authority, told the City of Scottsdale’s housing-agency governing board on Nov. 13 that the IDA is reviving efforts to use conduit revenue bonds to support local economic and housing projects. "Our mission is to expand the economic development and business enterprises for Scottsdale," Hancock said, summarizing the IDA’s focus on business retention, attraction and community-support grant programs.
Hancock told the board the IDA is a city-approved nonprofit political subdivision formed in 1984 that issues tax-exempt and taxable…
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