Since the recession battered the economy in 2008, the state has dramatically increased the number of incentives it offers to companies that bring new jobs to Arizona. But after three years of tax credits, incentives and other policies aimed at jump-starting Arizona’s economy, some economists are saying the state should stop and take a breather.Read More »
In July, Gov. Jan Brewer celebrated the announcement that Amazon.com was planning to open a new distribution center in the state, calling the move proof that Arizona is open for business.
Now, lawmakers are telling Amazon that since they have distribution centers here, they should be required to collect and pay sales tax to the state.
The mixed message is the latest chapter in a long-standing battle between online giants and brick-and-mortar retailers — and one that isn’t likely to be settled any time soon.
Outgoing Arizona Commerce Authority President and CEO Don Cardon will give back the $50,000 signing bonus he received last year.Read More »
State revenues grew modestly in November even as signs of economic strains persist.Read More »
State revenue rose again in October, giving policymakers a reason to cheer. This marks the 15th month in a row of revenue growth, the Joint Legislative Budget Committee reported last week. Buoyed by a strong showing in individual income taxes, revenue increased by 16.6 percent last month compared to the year before.Read More »
After being in place for four months, the Arizona Commerce Authority Oct. 24 announced its first award from its $25 million deal-closing fund.Read More »
Major economic indicators in Arizona point to a steady recovery, although some bumps remain.
Revenues in August grew by 8.6 percent, buoyed by strong showings in sales and individual income taxes.
In a state where unemployment remains high as much of the rest of the nation recovers from the Great Recession, Yuma stands out. The metropolitan area’s jobless rate of 15.9 percent in August was the nation’s second highest, trailing only nearby El Centro, Calif., according to the U.S. Bureau of Labor Statistics.Read More »
With another election season fast approaching, border security remains a priority, but many lawmakers and political insiders say support for local immigration-enforcement measures appears to be waning. The prevailing mood is that lawmakers might not have the appetite to wage emotionally draining battles over illegal immigration at a time when the state faces a more immediate menace — a sagging economy and the loss of 300,000 jobs during the recession.Read More »
Slumping housing prices and the prevelance of service-industry jobs contributed to Phoenix and Tucson trailing the rest of the Intermountain West in economic recovery during the second quarter, according to a Brookings Institution report.Read More »