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Arizona Commerce Authority missing data on incentives, audit finds
A new report reveals that the Arizona Commerce Authority could not show that it confirmed that companies that received nearly $11 million in incentives proved that they invested the money or hired the workers they promised at the agreed-to wages.
Hobbs defends spending tax dollars to entertain executives during Super Bowl
Gov. Katie Hobbs is defending the decision to spend more than $2 million in tax dollars to entertain business executives during the Super Bowl.
Arizona to create ‘workforce accelerators’ to train residents in rural areas for jobs
Arizona is going to create a network of sites designed to train residents in rural areas for the jobs that local employers need.
Arizona gets $1 billion for broadband, part of $43 billion federal program
Arizona will get just under $1 billion in federal funding for high-speed internet access improvement, part of more than $42.45 billion released Monday by the Commerce Department.
Arizona film tax credit expected to spur new production companies
Proponents believe the state's new film tax credit will encourage Arizonans to open their own production companies.
Arizona will open offices in Taiwan, South Korea, Hobbs saysÂ
Arizona will open a pair of new trade offices in Asia, further cementing the state’s economic ties to the region, Gov. Katie Hobbs announced on Friday. The new outposts will be in Taipei, Taiwan and Seoul, South Korea.Â
Super Bowl, other big sports events generate massive revenue
With another successful Super Bowl in the books, Arizona says goodbye to the hundreds of thousands of visitors who flocked to the Valley this past week, and hello to the hundreds of millions of dollars in revenue that will benefit our state economy for years to come.
Hospitality industry eyes potential windfall from Super Bowl 57
With the prospect of great weather and a highly competitive game, NFL fans have traveled from around the country to visit the Valley and experience the pageantry surrounding Super Bowl 57. Behind the scenes, the hospitality industry is excited about the financial boost the event at State Farm Stadium in Glendale could provide on the heels of a challenging pandemic.
Building the future: Trade occupations encouraged as demand for skilled labor grows
The need for skilled people willing to get their hands dirty is growing across the country. But will there be enough craftspeople to meet that demand? The Arizona Commerce Authority estimates that by 2030, the number of people employed in construction and manufacturing jobs in the state is expected to rise 30% and more than 20%, respectively.
Innovation secret to state’s future, targeted public investment necessary
 A continued investment of $3-5 million in the Applied Research Fund and $34.5 million in ASU’s New Economy Initiative will make a huge impact on our jump to an innovation-driven economy. This continuum of investment is necessary if we are truly going to have Arizona be a leader in technological innovation, entrepreneurship, and economic growth.
We all win with extension of investment program
The Legislature has the opportunity to do the right thing by recognizing the economic engine this program has been proven to be and voting to extend the angel investor tax credits for another 10 years. This is an investment in Arizona’s future, not only for the state’s startup community but also for taxpayers here and future generations of entrepreneurs.
Arizona needs new, innovative ways to produce energy
As we look ahead to the future, we must find new and innovative ways to produce the energy we need to support our growing economy and the businesses and communities that call Arizona home. Fortunately, we have legislators prioritizing the clean energy, technology and innovation sectors by focusing on policy solutions that will have a real and positive impact on Arizona’s economy, both in the sho[...]
