The Grand Canyon State set a new record for economic development in FY ’24 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’s total
investment in the state to more than $65 billion and more than 6,000 jobs. “Arizona has become a global hub for advanced manufacturing and emerging technologies, with no signs of slowing down…. As the home of
America’s semiconductor resurgence, Arizona continues to attract global companies in advanced industries,”
said Sandra Watson, CEO of the Arizona Commerce Authority.
Qualified Facility Tax Credit: Offers a refundable tax credit that promotes the location and expansion of headquarters or manufacturing facilities, including manufacturing-related R&D.
Quality Jobs Tax Credit: 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).
Research and Development Tax Credit: 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.
Sales Tax Exemptions for Manufacturing: 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.
Arizona Commerce Authority
azcommerce.com
Greater Phoenix Chamber
phoenixchamber.com/economic-development
Sun Corridor Inc.
suncorridorinc.com
Arizona Regional Economic Development Foundation
aredf.org
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.
Ten Fortune 500 companies headquartered in the state:
Based on CEO Survey by ChiefExecutive.net
| Key Metrics |
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Taxation and Regulations
Workforce Quality
Quality of Life
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| Key Companies |
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| Other Highlights |
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Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
