The Tucson Industrial Development Authority has appointed its first CEO to oversee changes to the financing organization.
Gabriela Rico A volunteer organization that has operated quietly in Tucson for more than 40 years, facilitating small businesses loans and down payment assistance for homebuyers, is working to expand its presence in the community.
Overseeing the IDA, she hopes to support those startups and dreamers who want to bring more experience to Tucson. Sheila Millette, owner of event venue Kingan Gardens, was working on a traditional bank loan when someone told her about the IDA.IDA was able to loan her the money to buy the building. "The bridge that it gave for us to be able to come in and start a business in the food desert that was downtown was made possible because of their mission," said owner Paul Cisek.
Aside from helping small businesses and nonprofits, the Tucson IDA also works with partner agencies to offer down payment assistance to homebuyers. In the new framework, there are plans to expand the team quickly, Thompson said, and hire a chief financial officer and operations manager.Visit tucsonida.org for more information.
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