{"id":244311,"date":"2022-04-25T21:17:32","date_gmt":"2022-04-26T01:17:32","guid":{"rendered":"https:\/\/chiefexecutive.net\/?page_id=244311"},"modified":"2025-02-12T15:48:17","modified_gmt":"2025-02-12T20:48:17","slug":"arizona","status":"publish","type":"page","link":"https:\/\/chiefexecutive.net\/best-worst-states-business\/arizona\/","title":{"rendered":"Arizona"},"content":{"rendered":"\t\t
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CEO Guide to Site Selection<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Arizona<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\nGOING ALL OUT IN HIGH-TECH\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Grand Canyon State set a new record for economic development in FY \u201924 with over $50 billion in committed investments in local communities. This included more than 24,000 projected jobs with an average wage of $75,701. The Arizona Commerce Authority noted expansions across nearly every jurisdiction from global tech and manufacturing companies like Applied Materials, Google, Sysco and NatureSweet. The semiconductor industry in particular is thriving. TSMC announced plans to build its third state-of-the-art semiconductor fab facility in Phoenix, bringing the company\u2019s total
investment in the state to more than $65 billion and more than 6,000 jobs. \u201cArizona has become a global hub for advanced manufacturing and emerging technologies, with no signs of slowing down\u2026. As the home of
America\u2019s semiconductor resurgence, Arizona continues to attract global companies in advanced industries,\u201d
said Sandra Watson, CEO of the Arizona Commerce Authority.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\u201cFrom batteries to semiconductors, renewable energy and technology,\nArizona has become the\nleading destination for\ninnovation and advanced\nmanufacturing\u2026. Arizona\u2019s record shows we can\nattract high-tech investments and strengthen our supply chain while\nsupporting good-paying\njobs all across our state. We\nare proud Arizona continues to be recognized as a\ntop state for high-quality\njob creation and economic\ndevelopment.\u201d<\/div>\n\t\t\t\n\t\t\t\t\t\t
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Katie Hobbs<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
Governor<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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TAXES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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top corporate income tax<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t#<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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on the Tax Foundation\u2019s State Tax Competitiveness Index<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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EDUCATION<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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of adults 25 years of age and older graduated high school<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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of adults age 25 and older have a bachelor\u2019s degree or higher<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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UNEMPLOYMENT RATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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RIGHT TO WORK STATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Yes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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QUALITY OF LIFE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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POPULATION GROWTH<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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increase between\n2020 and 2023\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\u201cArizona has welcomed Terraline with open arms\u2026.\nTheir business-friendly environment, exceptional engineering talent and reduced operations costs made\nmoving to Arizona from California an easy choice.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tGraham Doorley<\/span>Founder and CEO, Terraline<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\u201cChandler has established itself as a leading technology corridor in the U.S\u2026. We are thrilled to expand\nour footprint in Arizona and excited to benefit from\nthe city of Chandler\u2019s continued commitment to innovation.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tJohn Ratigan<\/span>Interim CEO, Comtech<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tKEY INCENTIVES\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Qualified Facility Tax Credit:<\/strong> Offers a refundable tax credit that promotes the location and expansion of headquarters or manufacturing facilities, including manufacturing-related R&D.<\/p>

Quality Jobs Tax Credit:<\/strong> Offers up to $9,000 of Arizona income or premium tax credits spread over a three-year period for each new net qualifying job ($3,000 per year).<\/p>

Research and Development Tax Credit:<\/strong> Provides an Arizona income tax credit for increased research and development activities conducted in the state to encourage Arizona businesses to continue investing in research and development activities.<\/p>

Sales Tax Exemptions for Manufacturing:<\/strong> Exemptions are available for machinery or equipment used directly in manufacturing, machinery and equipment or transmission lines used directly in producing or transmitting electrical power.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEDCs\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Arizona Commerce Authority<\/strong>
azcommerce.com<\/p>

Greater Phoenix Chamber<\/strong>
phoenixchamber.com\/economic-development<\/p>

Sun Corridor Inc.<\/strong>
suncorridorinc.com<\/p>

Arizona Regional Economic Development Foundation<\/strong>
aredf.org<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tHIGHLIGHTED PROGRAM OR INITIATIVE\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In July 2024, Intel launched the first U.S. registered apprenticeship program for manufacturing facility technicians. The company plans to train dozens of facility technician apprentices over the next five years, who will be made employees and earn a certificate and college credit upon completion of a one-year program.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tBIG DEALS\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Arizona Lithium Limited opened a Lithium Research Center in Tempe in May 2024.<\/li>
  • Kohler Co. opened its new manufacturing facility in Casa Grande in May 2024. The project will create more than 400 jobs.<\/li>
  • Global tech leader Comtech announced in August 2024 it would build a new corporate headquarters in Chandler.<\/li>
  • Mobility tech company Magna announced in August 2024 it is building a 230,000-square-foot facility and adding hundreds of new jobs in Mesa.<\/li>
  • Autonomous electric vehicle Terraline announced in September 2024 it will establish a new engineering headquarters in greater Phoenix.<\/li>
  • LG Energy is building a $5.5 billion standalone battery manufacturing facility in Queen Creek, which will support thousands of jobs and be finished in 2026.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\n\t\t\t\t\t\t\tBIG COMPANIES\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Ten Fortune 500 companies headquartered in the state:<\/p>

    • Avnet<\/li>
    • Carvana<\/li>
    • Freeport-McMoRan<\/li>
    • Insight Enterprises<\/li>
    • Knight-Swift Transportation<\/li>
    • ON Semiconductor<\/li>
    • Opendoor Technologies<\/li>
    • Reliance Steel & Aluminum<\/li>
    • Republic Services<\/li>
    • Taylor Morrison Home<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      CEO Guide to Site Selection Arizona GOING ALL OUT IN HIGH-TECH The Grand Canyon State set a new record for economic development in FY \u201924 with over $50 billion in committed investments in local communities. This included more than 24,000 projected jobs with an average wage of $75,701. The Arizona Commerce Authority noted expansions across […]<\/p>\n","protected":false},"author":965,"featured_media":0,"parent":59194,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-244311","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nArizona<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chiefexecutive.net\/best-worst-states-business\/arizona\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona\" \/>\n<meta property=\"og:description\" content=\"CEO Guide to Site Selection Arizona GOING ALL OUT IN HIGH-TECH The Grand Canyon State set a new record for economic development in FY \u201924 with over $50 billion in committed investments in local communities. 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