Businesses
Government-funded
$2.0M
per applicant
Loan
Below-market financing
Rolling
No fixed cutoff
Rolling
Apply when you're ready
Moderate
Underwriting required
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.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must be a new-to-Phoenix operation or major expansion
2.Minimum 25 new full-time jobs paying at least 100% of Phoenix MSA median wage
3.Capital investment commitment required
4.Loan forgiven 20% per year over 5 years if jobs maintained
5.Application before public announcement of location decision
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.