What's Hot

    TSMC Building Water Reclamation Plant

    September 3, 2025

    Pinal Airpark Gets OK, Funding for Air Traffic Tower

    September 3, 2025

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [September 3, 2025] - TSMC Building Water Reclamation Plant
    • [September 3, 2025] - Pinal Airpark Gets OK, Funding for Air Traffic Tower
    • [September 2, 2025] - 336 Apartments Coming to Casa Grande Commons
    • [September 2, 2025] - HonorHealth to Build on Former Amkor Site in Vistancia
    • [September 2, 2025] - Environmentalists Sue ADWR Over Benson-Area Developments
    • [September 2, 2025] - Industry Professionals 09-02-25
    • [September 2, 2025] - Commercial Real Estate 09-02-25
    • [August 29, 2025] - 160-Unit Multifamily Planned at 13th St. & Madison in Phoenix
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      TSMC Building Water Reclamation Plant

      September 3, 2025

      Pinal Airpark Gets OK, Funding for Air Traffic Tower

      September 3, 2025

      336 Apartments Coming to Casa Grande Commons

      September 2, 2025

      160-Unit Multifamily Planned at 13th St. & Madison in Phoenix

      August 29, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025

      Buckeye City Council Discusses Annexing Land for Community Master Plan

      August 29, 2025

      Round 3 of BuildItAZ Grants Announced

      August 26, 2025

      Magazine Tackles Construction Crisis by Inspiring Teen Girls to Enter Skilled Trades

      August 22, 2025

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      RTA Funding Proposal Stirs Controversy

      August 15, 2025

      Ariz. LIHTC to Sunset Under New Budget

      July 8, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      Commercial Real Estate 09-02-25

      September 2, 2025

      Commercial Real Estate 08-26-25

      August 26, 2025

      Commercial Real Estate 08-19-25

      August 19, 2025

      Commercial Real Estate 08-12-25

      August 12, 2025

      Industry Professionals 09-02-25

      September 2, 2025

      Industry Professionals 08-26-25

      August 26, 2025

      Industry Professionals 08-19-25

      August 19, 2025

      Industry Professionals 08-12-25

      August 12, 2025

      Arizona Projects 08-29-25

      August 29, 2025

      Arizona Projects 08-22-25

      August 22, 2025

      Arizona Projects 08-15-25

      August 15, 2025

      Arizona Projects 08-08-25

      August 8, 2025

      Environmentalists Sue ADWR Over Benson-Area Developments

      September 2, 2025

      Pima County Latest to Amend Zoning for Data Centers

      August 22, 2025

      Tucson City Council Likely to Approve Water Restriction on Large

      August 19, 2025

      Ritz-Carlton Paradise Valley Fight Could End in Foreclosure

      August 15, 2025

      Ariz. Construction Lost 400 Jobs in July

      August 19, 2025

      Experts Share on the Latest Industrial Trends at BEX Panel

      August 15, 2025

      Multifamily Developer Confidence Up in Q2

      August 12, 2025

      Ariz. Construction Gained 600 Jobs in June

      July 22, 2025

      TSMC Building Water Reclamation Plant

      September 3, 2025

      Pinal Airpark Gets OK, Funding for Air Traffic Tower

      September 3, 2025

      336 Apartments Coming to Casa Grande Commons

      September 2, 2025

      HonorHealth to Build on Former Amkor Site in Vistancia

      September 2, 2025
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Hospitality LMS
      • 2025 Public Works Conference
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    AZBEX
    Home » Legislation & Regulations » Hobbs Signs PMGA Incentive Designation Renewal
    Economic Development

    Hobbs Signs PMGA Incentive Designation Renewal

    BEX StaffBy BEX StaffJune 28, 2024No Comments1 Min Read
    Credit: Phoenix-Mesa Gateway Airport
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Gov. Katie Hobbs has signed legislation that renews Phoenix-Mesa Gateway Airport’s status as a Military Reuse Zone.

    The Arizona Legislature created the MRZ status in 1992 to mitigate the impacts of military base closures. The airport had been home to Williams Air Force Base, which closed in 1993.

    The MRZ status allows for tax incentives targeting the development of aviation- and aerospace-related businesses and for the Phoenix-Mesa Gateway Airport Authority. The designation was scheduled to expire in October 2026 but is now in place until October 2031.

    The Authority and businesses can apply for a sales tax exemption and property tax reclassification after development projects are complete.

    Authority officials say the savings generally equal approximately $40K/$1M spent for construction costs.

    The MRZ designation saved the airport approximately $1M on costs for a new terminal project that opened this year, which will now be applied to the redevelopment of one of the airport’s runways.

    The program had previously been administered by the Arizona Commerce Authority but will now transfer to the Arizona Department of Revenue under another law that was signed in March. (Source)

    Arizona Commerce Authority Arizona Legislature economic development legislation Military Reuse Zone MRZ Phoenix-Mesa Gateway Airport Phoenix-Mesa Gateway Airport Authority Sales tax tax incentive Transaction Privilege Tax Williams Air Force Base
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Environmentalists Sue ADWR Over Benson-Area Developments

    September 2, 2025

    Buckeye City Council Discusses Annexing Land for Community Master Plan

    August 29, 2025

    Pima County Latest to Amend Zoning for Data Centers

    August 22, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    TSMC Building Water Reclamation Plant

    September 3, 2025

    Pinal Airpark Gets OK, Funding for Air Traffic Tower

    September 3, 2025

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025

    HonorHealth to Build on Former Amkor Site in Vistancia

    September 2, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    TSMC Building Water Reclamation Plant

    September 3, 20250

    Taiwan Semiconductor Manufacturing Company has broken ground on a 15-acre water reclamation plant to increase…

    Pinal Airpark Gets OK, Funding for Air Traffic Tower

    September 3, 2025

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025

    HonorHealth to Build on Former Amkor Site in Vistancia

    September 2, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    TSMC Building Water Reclamation Plant

    September 3, 2025

    Pinal Airpark Gets OK, Funding for Air Traffic Tower

    September 3, 2025

    336 Apartments Coming to Casa Grande Commons

    September 2, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.