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Arizona
Resources Page
Clean Energy, Green EconomyRenewable energy stands poised to create opportunities across the country. More |
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Arizona Report: Life Sciences and High-Tech Equal Stable and Steady GrowthArizona is riding out the recession with strong performances in biotechnology, life sciences, and high-tech industries. More |
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Strategic Planning and Pro-Business Government Drive Arizona’s Business GrowthArizona’s business expansions are attributed in part to the state’s “young and well-educated work force,” according to Jan Lesher, director of the Arizona Department of Commerce. More |
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A Conversation With…Kent Ennis, Deputy Director, Arizona Department of Commerce“Bioscience is a targeted sector — jobs are up 16 percent and wages are up 13 percent, and this represents higher salaries than other science and industry groups.” More |
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Arizona
At A Glance
POPULATION:
4,861,515 (2007)
Corporate Income Tax: 4.3 percent (single factor sales)
LABOR FORCE: 2,744,800 (2008)
RIGHT TO WORK: ModifiedTRADITIONAL INDUSTRIES: Agriculture/food processing, natural resources, mining, oil and gas, tourism
EXPANDING INDUSTRIES: Renewable energy, defense and aerospace, business services (including networking, and Internet services), biosciences, and healthcare servicesCOLLEGE GRADUATES (Age 25 and over) 36.5%
BASIC BUSINESS TAXES:Corporate Income Tax: 4.3 percent (single factor sales)
State Sales and Use Tax: 2.9 percent, up to 5 percent local, average 6.2 percent statewide
Property Tax: Assessed locally at 29 percent of market value for commercial property and 7.96 percent for residential (2007)BUSINESS INCENTIVES:
Quality Investment Capital Program (fixed-rate financing for small business)
Job Creation Performance Incentive Fund
Rural Development Loan Program
Community Development Block Grant Revolving Loan Fund
Program
Community Development Block Grant Funds Infrastructure
Program
Colorado Economic Development
Commission
Enterprise zone credits
Colorado First & Existing Industry
Customized Job Training
Programs
SPONSOR PROFILES:
