Recovery Bonds and Loans

Learn about these Recovery bonds and loans:

Project Name​Location​Reason for Project​Project Schedule​​Amount of Award​ContractorsJobs Created/Saved​Benefit to Residents​
​Facility Bonds (RZFB) - W.L. Gore & Associates, Inc. "Dove Valley Project"​32212 N. Valley Parkway​W.L. Gore and Associates requested a $30 million allocation of the Recovery Zone Facility Bonds (RZFB) to finance the construction of two commercial buildings. This was the first phase of a $130 million expansion project. The buildings will house the Medical Products Division that manufactures a family of products that include vascular grafts, endovascular and interventional devices, surgical meshes for hernia repair and sutures for use in vascular, cardiac and general surgery.​May 2009 - (estimated construction period will last 18 to 24 months)​On Dec. 16, 2009, the Phoenix City Council authorized the issuance of up to $30 million of Recovery Zone Facility Bonds, issued through the Industrial Development Authority of the city of Phoenix.​Reese Angel Rowe, Kimley-Horn, The Ryan Cos., LVA Design​586 in last calendar quarterW.L. Gore's new Phoenix operations mean our residents will have access to high quality jobs at one of the best employers in the country. W.L. Gore has been on Fortune's list of the "100 Best Companies to Work For in the United States" every year for the past five years.​
​Recovery Zone Facility Bonds (RZFB) - Dunn Edwards​520 S. 67 Avenue​Paint manufacturing, distribution and retail sales facility​March 2010 - January 2011​Phoenix City Council authorized the issuance of $2.019 million of Recovery Zone Facility Bonds, issued through the Industrial Development Authority of the city of Phoenix​Layton Construction
Deutsch Architecture Group
​0.00​The project will create 121 jobs initially and 150 at full capacity. The building purchase occupies a once vacant space and the retail sales will create new tax revenue for the community
​DW-114-2009 HOPE VI Water Main Replacement​Seventh Avenue to 15th Avenue from Buckeye Road to I-17 Fwy (Maricopa Fwy)​Upgrade water system for HOPE VI housing project and improve fire protection​March 2009 - August 2009
$2,000,000​JWise Construction​0 in last calendar quarter​To improve water delivery, upgrade fire protection and eliminate water outages due to main breaks and/or leaks from previous mains.