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Phoenix Economic Development Forgivable Loan Program

City of Phoenix Office of Economic Development (PHX-OED)PHX-FORGIVABLE
Max per Applicant

$2.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Phoenix, AZ

About This Program

Provides forgivable loans to businesses relocating to or significantly expanding in Phoenix that create quality jobs. Loans forgiven over a 5-year period contingent on maintaining employment commitments.

Key Requirements & Eligibility

  • 1Business must be a new-to-Phoenix operation or major expansion
  • 2Minimum 25 new full-time jobs paying at least 100% of Phoenix MSA median wage
  • 3Capital investment commitment required
  • 4Loan forgiven 20% per year over 5 years if jobs maintained
  • 5Application before public announcement of location decision

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

TechnologyFinancial ServicesManufacturingHealthcareLogistics
Official Source