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According to the Small Business Jobs Index from Paychex and IHS Markit, Arizona led the nation in small business job creation in the fall of 2021, recovering more jobs than it lost since April 2020. Phoenix remains one of the top labor markets in the United States with a high concentration of college graduates. Tata Consultancies, LucidMotors, Facebook and Intel have all made announcements here in the past year.
Quality Jobs Tax Credit: Offers up to $9,000 in tax credits spread out over a three-year period for each new qualifying job.
Research and Development Tax Credit: Offers an income tax credit for investing in R&D in Arizona. Credit is non-refundable and equal to 24% of the first $2.5 million in qualifying expenses plus 15% of the qualifying expenses in excess of $2.5 million.
Qualified Facility Tax Credit: Offers a tax credit of up to 10% of the qualifying capital investment of $20,000 per job for projects up to $2 billion in a capital investmentin a manufacturing facility.
International Operations Center (IOC) Program: Offers utility tax relief for businesses that operate an International Operations Center (IOC) in Arizona that iscertified by the Arizona Commerce Authority.
Arizona Commerce Authority
Greater Phoenix Chamber
Sun Corridor Inc.
Arizona Regional Economic Development Foundation
The Arizona Advanced Technology Network is a first-of- its-kind partnership developed by Arizona’s employers, public sector and academic institutions to meet thedemand for high-tech manufacturing skills today and into the future. Through the network, select community colleges worked together to develop a unified, industry-recognized curriculum specifically designed for advanced manufacturing.
Eight Fortune 500 companies headquartered in state: