Monetary Funds Process
The purpose of the IDA Monetary Funds Program is to support economic development efforts that benefit the citizens of the City of Scottsdale with an emphasis on job creation and job training. The IDA is accepting proposals with a deadline of March 30, 2018 at 5 p.m. Applications are to be submitted to the IDA via the Executive Driector (see contact information below). The IDA may contribute funds annually during the application period to nonprofit projects based upon evaluation of the criteria listed below. The IDA reserves the right to approve or disapprove any request for monetary funds in its sole discretion.
Request Evaluation Criteria
Project has a measurable and direct economic impact on the City of Scottsdale by supporting an existing business or new business activity which will attract additional economic activity or visitors to the City of Scottsdale.
Project provides opportunity for job growth in Scottsdale.
Project supports economic development initiative in alignment with City goals.
Project measurably enhances quality of life for residents and business owners of the city through programs including, but not limited to: education, health care, etc.
Application Evaluation Criteria
Applicant demonstrates financial accountability and responsibility.
Applicant lacks other funding sources for its specific initiative.
Applicant shows evidence of past successes in similar projects.
The applicant submits an application to the IDA for consideration.
The IDA shall consider proposals based upon the information received, merits of the project and response to the requested criteria submitted in the Application. Additional information or presentations may be requested before a final decision is made.
The Board shall approve or disapprove of the application in its sole discretion.
Funds and/or guidelines as to the fund dispersal process are delivered to the applicant within 45 days of initial funding approval.
For more information on the Monetary Funds Process, please contact:
- Bond Process
- Monetary Funds Process
- Past Projects
- IDA Bond Application/Procedures (PDF)
- Monetary Funds Process/Application (PDF)