The Water Infrastructure Finance Authority of Arizona (WIFA) announced today that it has closed a $150,000 loan with Lake Verde Water Company, Inc. for the installation of a centralized arsenic treatment system and a 30,000 gallon storage tank.

Caterpillar's Surface, Mining & Technology Division will move to downtown Tucson, creating an estimated economic impact of $600 million. Caterpillar will receive $52 million in incentives, including $4 million from the Arizona Competes Fund.

The WPA Administration building, which had already received $200,000 in grant funding, received $120,000 from the Governor's office and $132,000 from fundraising efforts to help with its renovation.

The Cottonwood City Council has authorized the refinancing of Cottonwood's 2006 water bonds. Cottonwood will also receive a loan from the Water Infrastructure Finance Authority to extend the city water line and create a new well site.

The Arizona House has approved a bill giving developers the power to create special taxing districts, and thus issue municipal bonds and levy taxes to pay for public infrastructure in communities they are building.

Mohave County approved an economic incentive package that will allocate $500,000 to DOT Foods if it opens a large-scale food redistribution facility. The state will match Mohave County's package with its own $500,000 package.

Join the Arizona Association for Economic Development in Phoenix for a one day symposium on the economic impact of the tribal community in Arizona. Online registration for the event is available online now until June 2nd.

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