ACMA - February 3, 2011 Arizona Commerce Authority.

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Presentation transcript:

ACMA - February 3, 2011 Arizona Commerce Authority

Sharing the Vision Partnering for Economic Development

Q QUALITY JOBS!

Q Attraction Retention Expansion

Partnering for Economic Development  Renewable Energy  Aerospace & Defense  Science & Technology  Business Retention  Small Business & Entrepreneurship Sector Focus

 Increase Arizona’s Long-Term Competitiveness for Business Attraction, Retention and Growth  Incent High-Value, High-Growth Export-Based Business  Recapture Arizona’s Position for Quality Job Creation  Enhance Capital Formation  Improve Arizona’s Tax Ranking Among Competitor States  Align with 2020 Educational Goals Goals and Objectives Competitiveness Package ECONOMIC DEVELOPMENT

Competitiveness Package CONSENSUS PROPOSAL ECONOMIC DEVELOPMENT Attract New Base Industry Investments  Arizona Competes – Deal Closing Fund  Competitive  Tax Credits Modernize Enterprise Zone - Quality Jobs  Competitiveness Rank: 9 to 3 (Mountain West) Extend/Modify Angel Investment Program  Competitiveness Rank: Top 10 Enhance Research and Development  Competitiveness Rank: Top 3

Competitiveness Package CONSENSUS PROPOSAL ECONOMIC DEVELOPMENT Attract, Retain and Grow Base Industries  Modernize Enterprise Zone Property Reclassification Real & Personal  Long-Term Tax Policy 100% Sales Factor  Competitiveness Rank: 19 to 1 (Top Tier) Corporate Income Tax Reduction  Competitiveness Rank: 24 to 5 Eliminate Capital Gains Tax for Investment in Qualified Small Businesses  Competitive

Working Together Partnering for Economic Development  Rural Business Advisory Council  Targeted Business Recruitment in California  Regular Conversations with Communities  Quality Jobs!

ACMA - February 3, 2011 Arizona Commerce Authority