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High Unemployment Areas Offer Aggressive Incentives to Expanding and Re-locating Businesses

Jennifer LeClaire  (Dec/Jan 10)
High-unemployment states are working to drive economic development, but does an available labor pool translate to an ideal location in a down economy? More

When Quality of Life Closes the Location Decision Deal

Mark Crawford (Dec/Jan 10)
When it comes to choosing a location, quality of life is a minor consideration for some. But for others, it makes all the difference. More

States Use Incentives to Attract Renewable Energy Business

Richard K. Greene, Senior Associate, The Williams Group Real Estate Advisors (Nov 09)
As the economy recovers, one particularly bright spot will be manufacturing for the renewable energy industry, which is already enjoying healthy popular and government support. More

Clean Energy, Green Economy

Steve Stackhouse (June/July 09)
Renewable energy stands poised to create opportunities across the country. More
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Arizona  At A Glance
POPULATION: 6,629,455 (July 2008)

LABOR FORCE: 3,165,458 (July 2009)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES: High-tech manufacturing (semiconductor and aerospace), software and information industries

EXPANDING INDUSTRIES: Renewable energy, high-technology manufacturing, bio-industry, environmental technology, optics, plastics and advanced composites

COLLEGE GRADUATES: (Age 25 and over) 25.5% (2006)

BASIC BUSINESS TAXES:
Corporate Income Tax:
6.968 percent

Transaction Privilege and Use Tax: 5.6 percent state rate; additional county and city tax rates make total combined rates from 7.35 to 10.60 percent (state/county/city average rate is 8.57 percent)

Personal Income Tax: 2.87–5.04 percent

Arizona has no corporate franchise tax, no business inventory tax, and no worldwide unitary tax; virtually all professional and personal services are exempt from transaction privilege (sales) tax; Arizona allows a subtraction from income for dividends from controlled susidiaries, allows an NOL to be carried forward for five subsequent taxable years, and has aggressive accelerated depreciation schedules for personal property

BUSINESS INCENTIVES:
Renewable Energy Tax Incentive Program
Solar Energy Tax Incentive Program
Arizona Innovation Accelerator Program
Arizona Job Training Program
Enterprise Zone Program
Foreign-trade zones
Military reuse zones
R&D Income Tax Credit
Pollution Control Tax Credit
Accelerated depreciation
Tucson Empowerment Zone
Waste Reduction Assistance Program
Healthy Forest Enterprise Program
Motion Picture Production Tax Incentive Program
Small Business Capital Investment Tax Incentive Program (Angel Investment Program)
Arizona Chart
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