Community Investment Corporation (CIC) is an economic development organization dedicated to the economic prosperity of Pima County and the great regional economies in which Pima County economy exists. We use our knowledge, skills, and 20-plus years of experience to support and strengthen small businesses and facilitate investments in housing, and K-12 education (via charter schools) to help our region thrive.
Economic development is the sustained, concerted actions that are needed to improve the standard of living and economic health of a region. Our efforts create the conditions for improved quality of life by expanding the capacity of individuals, firms, and communities in support of greater economic growth.
Economic Development, by its nature is collaborative. To this end, CIC works in conjunction with local jurisdictions such as Pima County and the City of Tucson as well as the Industrial Development Authorities of Pima County and Tucson to support of homeownership, public school choice, and the growth of small business and the creation of jobs.
CIC current manages three distinct programs in support of its economic development goals:
Financing for small-business and non-profit organizations
CIC is committed to helping small business in Arizona thrive and succeed by providing access to capital. Our clients are businesses who are unable to obtain financing from banks or other traditional lending sources at reasonable rates. Our major focus is to help businesses grow and create jobs or to stabilize and retain jobs. Loan funds are typically intended to help business with:
- Real estate purchase
- Working Capital
- Machinery or Equipment
- Inventory and Supplies
- Debt Consolidation
Downpayment Assistance for Homeownership in Pima County
CIC works with three separate down payment assistance programs:
- The City of Tucson and Pima County HOME Partnership
- Pima Tucson Home Buyer’s Solution program
- Mortgage Credit Certificate program
Both programs are focused on assisting low to moderate-income buyers (up to $88,950 gross household income). Click on the above links to learn more about program benefits, guidelines, and qualifications.
Post issuance disclosure compliance for Charter Schools using tax-exempt bond financing
CIC offers services designed to help issuers, trustees, charter school borrowers and underwriters comply with continuing disclosure obligations related to SEC Rule 15c2-12. Services include:
- Post-Issuance disclosure and compliance reviews
- Dissemination services
- Compliance program development and customized compliance schedules
- Access to customized templates to satisfy specific obligations (i.e. certificates and non-material event notices)
- 3rd party reporting (i.e. Rebate Analyst and Insurance Reviews)
- Email reminders prior to Municipal Securities Rulemaking Board (MSRB) due dates
Please click on this link for more information.