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THE BEST STATE FOR BUSINESS
Whether it's tax and regulatory reform, talent or quality of life, Arizona is tops. The state's focus on
business is simple: keep regulation low and taxes light. This makes Arizona a very affordable place to
start, grow and scale a business. The ACA's targeted financial programs are an added benefit.
QUALITY JOBS TAX CREDIT FOREIGN TRADE ZONE
L J Provides up to $9,000 of income or premium $= Provides approximately a 72 percent reduction
tax credits over a three-year period for each in property taxes for property located in
net new job to the state and concurrent a foreign trade zone.
qualifying capital expenditures.
QUALIFIED FACILITY TAX CREDIT
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Provides refundable income tax credits up to
$20,000 per qualifying net new job to eligible
manufacturing companies that invest in one or
more qualifying facilities.
INTERNATIONAL OPERATIONS CENTER
Transaction Privilege Tax (sales tax) and
Use Tax exemption for utilities for a facility with
a minimum annual investment of $100 million
and at least $1.25 billion over 10 years, with at
least $100 million invested in new renewable
energy facilities that produce energy for self -
consumption.
000 JOB TRAINING GRANT
4 Grant to reimburse a portion of qualifying
costs associated with hiring and training of
net new employees.
ADDITIONAL DEPRECIATION
IFR
Accelerates depreciation to substantially
reduce business personal property taxes.
CORPORATE INCOME TAX APPORTIONMENT
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100 percent electable sales factor for multi-
state corporations.
0{ EXEMPTION FOR
0`w"o MACHINERY AND EQUIPMENT
Provides Transaction Privilege Tax (sales tax)
and Use Tax exemptions for machine and
equipment used in manufacturing and R&D.
EXEMPTION FOR ELECTRICITY
Provides businesses principally engaged in
�. manufacturing or smelting operations with state
and county Transaction Privilege Tax (sales tax)
and Use Tax exemptions in connection with
purchases of electricity or natural gas.
MILITARY REUSE ZONE
Provides property tax reductions and Transaction
Privilege Tax (sales tax) exemptions to
qualifying projects located in an MRZ.
HEALTHY FOREST ENTERPRISE PROGRAM
Provides Transaction Privilege Tax (sales tax)
and Use Tax exemptions for qualifying
equipment and fuel, as well as workforce
training and new job income tax credits
and property tax reductions for companies
involved in improving the health of forests.
RESEARCH AND DEVELOPMENT
Provides income tax credits for increased R&D
® activities conducted in the state. Additional
tax credits are available for R&D executed in
collaboration with state universities.
COMPUTER DATA CENTER PROGRAM
fo
d b Provides Transaction Privilege Tax (sales tax)
and Use Tax exemptions at the state, county
and local levels, on qualifying purchases of
CDC Equipment.
RENEWABLE ENERGY
TAX INCENTIVES PROGRAM
Provides property tax reductions to companies
that are expanding or locating in Arizona and
that are engaged in renewable energy industries.
RENEWABLE ENERGY PRODUCTION
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Provides income tax credits to utility -scale
generation systems based on the amount of
electricity produced annually for a 10 -year
period using solar or wind energy.
_ COMMERCIAL/INDUSTRIAL SOLAR
Provides income tax credits for the installation
of solar energy devices at Arizona business
facilities.
INUAIM1110111 � l0
BEST STATE FOR BUSINESS
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Low Cost of Doing Business
Arizona offers one of the lowest cost
environments for doing business in
the United States.
#1 MOST
COMPETITIVE STATE
MOUNTAIN REGION
(Site Selection Magazine Prosperity Cup, 2017)
URN
Streamlined Regulation
Arizona has created a minimalist
regulatory environment by
cutting red tape and by
repealing overly
burdensome regulations.
676 REGULATIONS
ELIMINATED
DURING 2017
SAVING BUSINESSES $48
MILLION IN LOST PRODUCTIVITY
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Top Talent
Poised and ready to meet your
project needs, the state's workforce
is abundant, talented and young.
#1 MOST INNOVATIVE
UNIVERSITY
ARIZONA STATE UNIVERSITY
(U.S. News & World Report, 2016, 2017, 2018 and 2019)
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Simplified Tax System
Arizona has among the lowest
corporate (4.9%) and individual
(4.54%) income tax rates
in the nation, lowering your cost of
doing business.
TOP 5STATE
FOR ECONOMIC
MOMENTUM
(State Policy Reports, 2017)
Thriving Innovation
Arizona is scaling a thriving
innovation ecosystem. The state
has been continuously recognized as
the best place to launch, test
and scale new ideas.
TOP 4 FOR
STARTUP ACTIVITY
IN THE NATION
(The Kauffman Entrepreneurial Index, 2017)
Access to Major World Markets
Arizona is strategically located in
the southwest region of the United
States, immediately accessible
to three of the world's largest
economies and within reach of 85
million consumers.
HOME TO SKYBRIDGE
ARIZONA
THE NATION'S FIRST
INTERNATIONAL AIR CARGO
HUB TO HOUSE BOTH MEXICAN
AND UNITED STATES CUSTOMS
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Exceptional Quality of Life
From an unsurpassed number of sunny days to snow skiing,
Arizona's quality of life is second to none.
300+SUNNY DAYS 7 PROFESSIONAL 22 NATIONAL PARKS,
A YEAR SPORTS TEAMS MONUMENTS
MORE THAN ANY OTHER STATE AND PRESERVES