Surveys consistently rank the Grand Canyon State as a top destination for new business investments. Arizona made one of the biggest leaps in the Chief Executive Best & Worst States for Business rankings, moving from #10 in 2021 to #4 in 2022. CEOs praise the state for its favorable business climate, quality of life and strong talent pool. Top growing industries here include semiconductors, electric vehicles, batteries and medical technology. Starting in 2023, the state also implement- ed a 2.5% flat tax, the lowest flat tax in the nation. The move will result in a 13% income tax reduction for the average taxpayer, saving more than $350 per year.
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.
The Qualified Facility Tax Credit: Offers a refundable tax credit that promotes the location and expansion
of headquarters facilities or manufacturing facilities, including manufacturing-related R&D.
The Quality Jobs Tax Credit: Offers up to $9,000 of Arizona income or premium tax credits spread over a three-year period for each net new qualifying job ($3,000 per year).
Arizona Commerce Authority
azcommerce.com
Greater Phoenix Chamber
phoenixchamber.com/economic-development
Sun Corridor Inc.
suncorridorinc.com
Arizona Regional Economic Development Foundation
aredf.org
Every year, Arizona holds the Arizona Innovation Challenge, one of the largest business plan competitions in the country. The goal is to advance innovation and technology commercialization opportunities in the state by helping early-stage ventures to scale. Companies that get through the three stages get to move into the Venture Ready Accelerator, where they can receive up to $150,000 in non-dilutive funding.
8 Fortune 500 companies headquartered in the state, including:
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.
