#6 Arizona


#12 in Taxation and Regulation

#14 in Workforce Quality

#11 in Living Environment

Right to Work?

Regional Profile – Southwest

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Arizona
2
2
2
2
Arkansas
4
4
4
3
New Mexico
5
5
5
5
Oklahoma
3
3
3
4
Texas
1
1
1
1

Key Industries

Advanced Manufacturing, Aerospace & Defense, Biotech, Clean Energy, Optic/Photonics

Key Companies

America West Airlines

Best Western

Cold Stone Creamery

Greyhound

Honeywell Aerospace

P.F. Chang’s

Republic Services

Advantages

Arizona reduced its corporate tax rate from 6 percent to 5.5 percent.

With Mexican trade generating half Arizona’s GDP sales, the state is moving forward with Mexican trade agreement to solidify its relationship with the country below.

Challenges

Arizona is fighting a significant skills gap. To overcome it, the state needs to form relationships with the K12 education system. Little progress will be made in this area unless the Arizona government softens or eliminates immigration laws.

Key Contacts

Commerce Authority

Sandra Watson
602-845-1200
333 N. Central Ave., Suite 1900
Phoenix, AZ 85004

sandraw@azcommerce.com
http://www.azcommerce.com/

CEO Comments

“Arizona is attempting to draw business out of California with tax incentives and a much lower cost of living.”

“Arizona has a right-to-work law that does not help high turnover rates.”

“Many businesses start here and end up either shutting down after short periods of time or get bought out by out-of-state companies. Rare to find a parent company in Arizona.”

Current Developments

2016 Regional Report: The Southwest
January 13, 2016

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