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Arizona

USA
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Overview

Arizona is a state in the southwestern region of the United States. It is also part of the Western and the Mountain states. It is the sixth largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is one of the Four Corners states. It has borders with New Mexico, Utah, Nevada, California, and Mexico, and one point in common with the southwestern corner of Colorado. Arizona's border with Mexico is 389 miles (626 km) long, on the northern border of the Mexican states of Sonora and Baja California.

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EDO Spotlight

Regional Marketplace Arizona (Coming Soon)
EDO Website Arizona Commerce Authority
SelectUSA Contact Fred Johnson

Companies

Projects

Incentives

Arizona Competes Fund Grants

Deal closing fund that awards discretionary grants to businesses that create new jobs with wages at or above the median county wage. At least 25% of funding appropriated each year is restricted to business attraction and expansion projects located on tribal lands or outside of Maricopa County (Phoenix), or both. Businesses that locate or expand in counties along the Arizona-Mexico border, counties with military facilities, and on tribal lands are given priority consideration for funding.

Foreign Trade Zone Tax Abatement

Businesses located in a zone or sub-zone are eligible for up to a 72.9 percent reduction in state real and personal property taxes.

Qualified Energy Conservation Bonds Tax Credits

As a tax credit bond, holders of QECBs receive payments in the form of tax credits from the federal government. The tax credits permit an issuer of QECB to potentially borrow for “qualified conservation purposes” at rates of interest which may be significantly lower than rates of interest on taxable debt or even tax-exempt bonds. The credit rate is 70% of the credit rate that would allow the QECB to sell at par.

Commercial/ Industrial Solar Credit Tax Credits

The Solar Program stimulate the use of Quali ed Solar Energy Devices (QSEDs) in commercial, industrial and other non-residential applications by providing Arizona income tax credits to offset the installation costs of QSEDs at Arizona business facilities.

Renewable Energy Credit Tax Credits

The program offers a refundable income tax credit up to 10% of the new qualifying investment to companies in the solar, wind, geothermal and other renewable energy industries who are expanding or locating in Arizona.

Angel Investment Tax Credits

The principal objective of the Angel Investment program is to expand early stage investments in targeted Arizona small businesses. The program accomplishes this goal by eliminating Arizona capital gains tax liabilities associated with the disposition of investments in small businesses certified by the ACA.

New Job Income and Premium Credits Tax Credits

Arizona income/premium tax credits for up to five years for each net new job created, totaling up to $7,500 per non-dislocated employee and up to $10,000 per dislocated employee

Research and Development Income Credit Tax Credits

Provides refundable and non-refundable state income tax credits for qualified R&D activity in Arizona.

Qualified Facility Credit Tax Credits

Refundable tax credits are available to qualified businesses that make investments and create net new full-time jobs at manufacturing, corporate headquarters or R&D-related manufacturing facilities.

Quality Jobs Credit Tax Credits

Corporate income tax credits of up to $9,000 per job are available to businesses that make capital investments and create jobs that meet specific wage requirements. The program was modified in 2017 to allow businesses that make lower capital investments but create higher paying jobs to be eligible for the incentive.

Property Tax Reclassification Tax Exemptions

Both real and personal property can be reclassified from class one (18% assessment ratio) to class six (5% assessment ratio), which may result in property tax savings of up to 72.2% for a period of five years

Military Reuse Zone Transaction Privilege Exemption Tax Exemptions

Exemption from transaction privilege tax on contracts for certain types of construction at a military reuse zone

Computer Data Center Tax Exemptions

A capital investment made in the establishment or expansion of a data center that exceeds $25 million ($50 million in Maricopa and Pima counties) is eligible for Transaction Privilege Tax (TPT) and Use Tax exemptions for up to 20 years. The definition of eligible capital investment was recently expanded to include leased land, buildings, modular data centers, and computer data center equipment.

Sales Tax Exemption for Manufacturing Tax Exemptions

Machinery and equipment used directly in manufacturing or research and development are exempt from sales tax.

Relevant Links

26

fdi rank

88,600

fdi jobs

4.1%

of total private employment from fdi

740

global employers

19.2%

5 year growth in fdi employment

7.4%

5 year growth in private sector employment

FDI Employment by Industry

FDI Employment by Country

1,173,926,184

exports ($)

4,743,072,401

imports ($)

36

state-local tax burden rank

Census Data

Population
Population estimates, July 1, 2016, (V2016)6,931,071
Population estimates base, April 1, 2010, (V2016)6,392,301
Population, percent change - April 1, 2010 (estimates base) to July 1, 2016, (V2016)8.40
Population, Census, April 1, 20106,392,017
Age and Sex
Persons under 5 years, percent, April 1, 20107.10
Persons under 18 years, percent, April 1, 201025.50
Persons 65 years and over, percent, April 1, 201013.80
Female persons, percent, April 1, 201050.30
Race and Hispanic Origin
White alone, percent, April 1, 201073.00
Black or African American alone, percent, April 1, 20104.10
American Indian and Alaska Native alone, percent, April 1, 20104.60
Asian alone, percent, April 1, 20102.80
Native Hawaiian and Other Pacific Islander alone, percent, April 1, 20100.20
Two or More Races, percent, April 1, 20103.40
Hispanic or Latino, percent, April 1, 2010 (b)29.60
White alone, not Hispanic or Latino, percent, April 1, 201057.80
Population Characteristics
Veterans, 2011-2015505,794
Foreign born persons, percent, 2011-201513.50
Housing
Housing units, April 1, 20102,844,526
Owner-occupied housing unit rate, 2011-201562.80
Median value of owner-occupied housing units, 2011-2015167,500
Median selected monthly owner costs -with a mortgage, 2011-20151,343
Median selected monthly owner costs -without a mortgage, 2011-2015380
Median gross rent, 2011-2015913
Families and Living Arrangements
Households, 2011-20152,412,212
Persons per household, 2011-2015269.00
Living in same house 1 year ago, percent of persons age 1 year+, 2011-201581.30
Language other than English spoken at home, percent of persons age 5 years+, 2011-201526.90
Education
High school graduate or higher, percent of persons age 25 years+, 2011-201586.00
Bachelor's degree or higher, percent of persons age 25 years+, 2011-201527.50
Health
With a disability, under age 65 years, percent, 2011-20158.20
Persons without health insurance, under age 65 years, percent12.80
Economy
In civilian labor force, total, percent of population age 16 years+, 2011-201559.30
In civilian labor force, female, percent of population age 16 years+, 2011-201554.50
Total accommodation and food services sales, 2012 ($1,000) (c)13,996,635
Total health care and social assistance receipts/revenue, 2012 ($1,000) (c)37,055,881
Total manufacturers shipments, 2012 ($1,000) (c)51,243,473
Total merchant wholesaler sales, 2012 ($1,000) (c)69,437,272
Total retail sales, 2012 ($1,000) (c)84,716,542
Total retail sales per capita, 2012 (c)12,927
Transportation
Mean travel time to work (minutes), workers age 16 years+, 2011-201525
Income and Poverty
Median household income (in 2015 dollars), 2011-201550,255
Per capita income in past 12 months (in 2015 dollars), 2011-201525,848
Persons in poverty, percent17.40
Businesses
All firms, 2012499,926
Men-owned firms, 2012245,243
Women-owned firms, 2012182,425
Minority-owned firms, 2012135,313
Nonminority-owned firms, 2012135,313
Veteran-owned firms, 201246,780
Nonveteran-owned firms, 2012427,582
Geography
Population per square mile, 201056
Land area in square miles, 2010113,594