Arizona has lowered taxes, streamlined regulations and established a suite of incentives to support corporate growth and expansion. The Arizona Competitiveness Package, groundbreaking legislation adopted in 2011, makes it easier for existing Arizona companies to prosper and establishes Arizona as one of the most desirable places for expanding companies to do business. Give your company a competitive edge by utilizing Arizona’s incentives.
The Town of Prescott Valley offers incentives to users based on a variety of factors. It is not limited by a “one-size-fits-all” approach. Incentives granted to a new or existing business is project-specific.
Yavapai County Industrial Development Authority (IDA)
The Yavapai County Industrial Development Authority (IDA) is a political subdivision of the State of Arizona that serves to promote development by being the issuing agency for bonds for private economic activities. IDAs were established under the Arizona Industrial Development Financing Act. In many cases, the bonds are tax-exempt, which makes them more attractive to investors. Board members for the IDA are appointed by the county Supervisors or the council of the city or town they represent to six (6) year terms. Fees from these bond issues are paid to the IDA, which in-turn uses them for other development activities. Projects funded by the IDA include, but are not limited to, educational facilities; manufacturing operations; housing, and office buildings. These bonds are a valuable tool for the attraction and recruitment and larger employers to our community.
Yavapai College Regional Economic Development Center
Customized Training for Regional Employers: The center offers customized training that provides contextual analysis of employer labor needs and design of local credentials to provide job-driven educational services.
Entrepreneurial Education and Resources: The Rural Center for Entrepreneurship is a business incubator providing specialty services in intellectual property rights, commercialization, and contracting products. The incubator is located at the Yavapai College Career and Technical Education Center (CTEC) and is open to student and community entrepreneurs.