Finance

In the Payson Region, you'll find a business environment that's suited for growth. Branches of major national banks offer business financing programs that can be found in major metropolitan areas. Local, smaller banks cater to the regional economy and also offer competitive programs. Five full-service banks and four mortgage banking offices in Payson provide services to businesses in the region.

Industrial Development Authority

The Town of Payson established an Industrial Development Authority in 1983 to promote industry, develop trade, and provide for a clean environment by creating incentives for manufacturing, industrial, and commercial enterprises to locate in the Town of Payson. Gila County also has an IDA.

The IDA also may assist in the rehabilitation, expansion, and development of all kinds of businesses and industries, which will assure economic development and job opportunities in Payson.

The Authority is authorized by Arizona state law to provide tax-exempt financing for projects falling within the limits of its responsibility. The Payson Regional Economic Development Corporation will assist businesses considering relocating in Payson to determine how they might benefit by IDA financing.

Small Business Development Center

The Small Business Development Center (SBDC) at Gila Community College is available to assist businesses with SBA loans, loan applications and other financial needs. The SBDC also provides free counseling services in areas such as business planning and workforce development. To visit Eastern Arizona College and learn more about the institution and the SBDC, click here.

Green Valley Redevelopment/Main Street Program

The Town of Payson offers technical assistance and some financial support for qualifying companies locating in the town’s historic district.

Enterprise Zone

Portions of the Payson area are part of an Arizona Enterprise Zone. Businesses that relocate or expand by creating new jobs in an Enterprise Zone can qualify for tax credits and other incentives, provided that certain criteria are met. Click here to visit the Arizona Department of Commerce Enterprise Zone Program to learn more about the requirements and benefits.

Other Financing

Other avenues of government financing are available to businesses interested in Payson as a base for their operations. The Payson Regional Economic Development Corporation can help connect you with these or other potential sources of financing in a prompt and confidential manner.