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Arizona Resources Page
Inward Investment Guides

Public Power Communities: Technology for Business Success

Steve Stackhouse-Kaelble (Q1 2016)
From powering up huge data centers to providing telecom and water services, and helping customers become energy-efficient through the latest technologies, public power companies re-invest in the communities they serve. More

Beyond Silicon Valley: Promising New Tech Boomtowns

Steffen Kammerer, Senior Vice President, Technology Practice Group, JLL (Q1 2016)
In its quest for lower costs, modern facilities, and access to talent, the booming tech sector is finding it can strike gold outside California. More

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

Regional Report: A Pro-Business Environment Fuels Growth in the Southwest

Mark Crawford (Directory 2016)
A pro-business environment, diverse economic base, and infrastructure investments are fueling growth in the U.S. Southwest. More

Data Center Demand Emerges Throughout New Locations in North America

Area Development Research Desk (Directory 2016)
Data centers are key economic drivers in markets within which they operate, and operators have looked to be more efficient with their locations, expanding into regions with more flexible utility costs, incentives packages or lower taxes. More

Ak-Chin Indian Community Offer Long-Term Advantages to Food Processing Facilities

Area Development Research Desk (2015 Food Processing)
Food processing companies can benefit from locating on Native American reservations, such as the Ak-Chin Indian Community’s industrial park, with an established agricultural supply chain, close proximity to workforce and transportation, low electric costs, and unparalleled tax advantages. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

Expanding the Cloud: The Top Data Center Markets in North America

Area Development Research Desk (Data Centers 2015)
The data center market is seeing high demand and low price. The competitive pricing is due in part to the large number of options available, yet the industry is expected to enjoy 32 percent growth in North America by 2016, ultimately becoming a $14.8 billion market. More

ARIZONA at a glance

POPULATION:6,581,054

LABOR FORCE: 3,034,166

RIGHT TO WORK: Yes

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

EXPANDING INDUSTRIES: Renewable energy, high-technology manufacturing, bioindustry (medical devices), environmental technology, optics, plastics and advanced composites, and financial

COLLEGE GRADUATES: (Age 25 and over) 36.0% (2013 Census ACS, includes Associates Degrees; 27.4% without)

BASIC BUSINESS TAXES:
Corporate Income Tax: 6.5 percent (2015: 6.0%; 2016: 5.5%; 2017: 4.9%)

State Level Sales Tax: 5.6 percent (city and county taxes may apply)

Personal Income Tax: 2.59-4.54 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) taxes as is equipment used directly in manufacturing; Arizona allows a subtraction from income for dividends from controlled subsidiaries, allows an NOL to be carried forward for twenty subsequent taxable years, and has aggressive accelerated depreciation schedules for personal property.

BUSINESS INCENTIVES:
Renewable Energy Tax Incentive Program

Qualified Facilities Program

Computer Data Center Program

Arizona Job Training Program

Quality Jobs Tax Credit Program

R&D Income Tax Credit

Sales and Use Tax exemptions for Manufacturers

Renewable Energy Production Tax Credit

Foreign-trade zones (with property tax benefit)

Military reuse zones

Healthy Forest Enterprise Program

Commercial/Industrial Solar Program

Pollution-Control Tax Credit

Solar Liquid Fuel Tax Credit

Enhanced Accelerated Depreciation

Small Business Capital Investment Tax Incentive Program (Angel Investment Program)

Arizona Innovation Accelerator Fund Program

Arizona STEP Program

Arizona Innovation Challenge

Arizona Fast Grant

SBIR/STTR Proposal Training

Tucson Empowerment Zone

Waste Reduction Assistance Program

Principal Manufacturing Industries

  • Computer & Electronic Products
    31.8%
  • Transportation Equipment
    20.1%
  • Chemical Products
    7.9%
  • Food & Beverage
    7.1%
  • Fabricated Metal Products
    5.4%
Source: U.S. Bureau of Economic Analysis, GDP by Manufacturing Segment, 2012 (accessed November 2014)