Tax-Exempt Bond Financing for Manufacturers

The Phoenix IDA, in partnership with Alliance Bank of Arizona, is pleased to offer

tax-exempt bond financing for qualified manufacturers1.

Why Use Tax-Exempt Bond Financing through the Phoenix IDA and Alliance Bank?


  • Lower rate of interest compared to traditional or SBA financing
  • Lower cost of issuance compared to a public offering

Types of Eligible Projects



  • New buildings and equipment used for manufacturing
  • Purchase of existing manufacturing facilities (including equipment)

Qualifying Factors


  • Borrower and project owner are one in the same or are related through common ownership
  • Borrower and related parties’ capital expenditures in local jurisdiction cannot exceed $20 million
  • Tax-exempt bond amount cannot exceed $10 million
  • May be combined with taxable bond or traditional financing
For more information on tax-exempt bond
financing for manufacturers, please contact:

Mike Santellanes, Public Finance Administrator
Phoenix IDA
(602) 262-7644

msantellanes@phoenixida.com

Victor Napolitano, Senior Vice President
Alliance Bank of Arizona
(480) 609-2912

vnapolitano@alliancebankofarizona.com

1Subject to credit approval