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The ‘Silicon Desert’: Insiders say successful universities, investment are key to a robust Arizona tech sector
Arizona’s tech and innovation sectors are taking off, with some industry watchers dubbing the Phoenix metro area the “Silicon Desert” for its surge in local entrepreneurial startups and national tech companies expanding here.
Bill seeks state backing for business loans
Proponents of a bill that would use state tax credits to encourage lenders to open their wallets for small businesses say they can help struggling entrepreneurs get access to much needed capital without invoking the most dreaded phrase in the debate over government incentives — “picking winners and losers.”
ACA awards second grant from deal-closing fund
Silicon Valley Bank will be the second recipient from the Arizona Commerce Authority’s $25 million deal-closing fund, and several more are likely to be announced soon.
Group wants state-backed venture capital fund
With investment capital for cash-strapped businesses scarce and banks warier than ever of loaning start-up money, a group of investors wants the state to create a government-baked fund to fill the void.
