Arizona Gov. Doug Ducey signed legislation recently to revamp economic development efforts in Arizona.
The legislation, House Bill 2666, establishes the Office of Economic Opportunity, a one-stop economic development shop that will provide a direct link between the business community and the workers and the capital they need to be successful. It will make tax dollars go farther and create a more effective approach for attracting jobs to the state.
The office will use real-time data to analyze how Arizona fares against other states while identifying ways to cut regulatory and tax burdens and develop a statewide workforce plan to align with Arizona’s economic development priorities.
“Arizona is increasingly a destination for businesses large and small,” Ducey said. “As businesses compare each state, searching for high quality of life, light regulations, low taxes, good financing and qualified workers, the Office of Economic Opportunity will be there to help make the pitch and communicate the advantages that Arizona has to offer. I commend Rep. (Karen) Fann for her leadership in this significant legislation and her efforts to increase Arizona’s economic competitiveness.”