Arizona has continually climbed the ranks in the Chief Executive Best & Worst States for Business, and jumped 6 spots in 2022 to rank #4. Phoenix continues to log strong population and economic growth, attracting a mix of investments in the manufacturing, technology and financial services sectors. As the semiconductor industry starts to migrate from Asia to places like California, Texas and New York, companies are also setting their sights on Arizona. In October 2022, Taiwan-based Chang Chun announced it will invest $300 million in a semiconductor chemical facility in Casa Grande. Yu-hung (Calvin) Su, president of Chang Chun Arizona, said in a press release the facility would help meet a significant expansion into the U.S. market. Yield Engineering Systems also announced a facility in the Price Corridor in Chandler to support semiconductor manufacturing.
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 June 2023, Governor Hobbs announced the launch of two workforce accelerator training programs located in Kingman and Yuma. The Future48 Workforce Accelerators are the first of up to six new accelerators to be overseen by the Arizona Commerce Authority in coordination with higher education and industry partners. It will offer workforce training in electrical technology, advanced manufacturing, broadband fiber optics, and solar installation in support of the region’s aerospace and defense industries. The Kingman accelerator, launched in partnership with Mohave Community College, will support the region’s growing manufacturing, transportation, and mining industries.
Ten Fortune 500 companies headquartered in the state, including:
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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.
