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Capital Investment: $13 million
Jobs Created: 150
Capital Investment: $1 billion
Jobs Created: 100
Capital Investment: $1 million
Jobs Created: 6
Capital Investment: $20 million
Jobs Created: 2,000
Capital Investment: $1 million
Jobs Created: 1,000
Capital Investment: $13 million
Jobs Created: 70
Capital Investment: $7 million
Jobs Created: 50
Capital Investment: $15 million
Jobs Created: 175
Capital Investment: $5 million
Jobs Created: 40
Capital Investment: $11 million
Jobs Created: 100
Capital Investment: $35 million
Jobs Created: 63
Capital Investment: $50 million
Jobs Created: 200
Capital Investment: $3 million
Jobs Created: 10
Capital Investment: $1 million
Jobs Created: 321
Capital Investment: $50 million
Jobs Created: 109
Capital Investment: $1 million
Jobs Created: 400
Capital Investment: $250,000
Jobs Created: 50
Capital Investment: $1 million
Jobs Created: 150
Capital Investment: $7 million
Jobs Created: 100
Capital Investment: $6 million
Jobs Created: 350
Capital Investment: $1 million
Jobs Created: 50
Capital Investment: $1 million
Jobs Created: 50
Capital Investment: $65 million
Jobs Created: 800
Capital Investment: $3 million
Jobs Created: 30
Capital Investment: $40 million
Jobs Created: 150
Capital Investment: $1 million
Jobs Created: 1
Capital Investment: $3 million
Jobs Created: 30
Capital Investment: $4 million
Jobs Created: 13
Capital Investment: $1 million
Jobs Created: 30
Capital Investment: $1 million
Jobs Created: 100
Capital Investment: $5 million
Jobs Created: 96
34 Projects
Capital Investment: $1.36 billion
Jobs Created: 7,205
Thursday, September 23, 1010
ACA Board Meeting
Agenda
1. Call to Order
2. Roll Call
3. The Vision Begins: Welcome and Opening Remarks
4. Executive Committee Appointments
5. The Vision: It’s About Leadership
6. Board Member Introductions
7. ACA Operations
8. Arizona’s Economy and Competitiveness
9. The Vision: It’s About Execution
10. Closing Remarks
Governor
Jan Brewer
Jerry Colangelo
Co-Chair
Jerry Colangelo
Co-Chair
Eileen Klein
Chief of Staff
Arizona’s Next 100 Years
Arizona’s Jobs Agenda
 Advance Regulatory & Tax Reform
 Continue moratorium, repeal nuisance rules, promote
pro-growth tax code change
 Establish Governor’s Jobs Team
 Key stage agencies focused on cutting “red and green
tape” to expedite permitting, create jobs faster
 Restore Fiscal Stability
 Balance the state budget, resolve the deficit while
protecting education and public safety
 Revamp Department of Commerce
 Top state CEOs providing long-term strategy &
structure for Commerce Department
Strategic Investments as
Force Multipliers
 Create Job Closing Fund
 $20 million in job training assistance to land high wage
jobs, enhance Arizonans’ workplace skills
 Re-Launch state’s Job Training Program
 Blocked sweeps, $13.5 million available mid October
2010
Strategic Investments as
Force Multipliers (cont.)
 Support Innovation, Incubation and Talent
Development
 Re-connect to Science Foundation Arizona
 $10 million in matching incentives for industry –
propelling projects, STEM education and graduate
research fellowships
 Encourage Incubators
 $3.5 million to nurture high tech start ups
Strategic Investments as
Force Multipliers (cont.)
 Bring Jobs to the Rural Areas
 $2M to advance economic development projects in
rural communities
 Protect Our Proven Brand
 $250K to encourage travel to Arizona and to develop a
long-term national and international marketing strategy
Policies as Force Multipliers
• Renewable Energy Manufacturing Tax Credit (SB 1403)
• Renewable Energy Production Tax Credit (SB 1254)
• Solar Liquid Fuel Tax Credit (HB 2370)
• “Green and Grow” Policy
• Small Business R&D Tax Credit / Discounted Refund
(SB 1254)
• Internationally Competitive K-12 Academic
Standards / Testing
• Baccalaureate Degree Production to Meet State
Priorities
• Alignment of Workforce Policy with Commerce Goals
• Preservation of Arizona’s Military Installations (F-35)
• Long-Term Infrastructure Planning for Job Creation
$1.36 Billion Capital Investment
7,205 Jobs
Strong Operational Foundation
Organization and Management
• Develop strategic focus, plans
• Align functions to mission
• Recruit CEO, organize talent
Strong Operational Foundation
Budget
•Identify resource needs for
operations, business attraction /
retention
•Develop private partnerships
Strong Operational Foundation
Legislation
•Establish Authority, tools
and resources
•Advance unparalleled
competitiveness Package
"We are a young state. Arizona's
best days are still to come if we
make the right decisions. They are
what the future requires."
Governor Janice K. Brewer
State of the State, 2010
John Arnold
Director, OSPB
Total Arizona Employment
Arizona is projected to add 404,315 jobs by 2018
Source: Research Administration 2010-2011 Occupational Forecast, August 19, 2010
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
*2010
*2018
*Projected
2010 Economic Sectors By Employment
(2,376,000 jobs)
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0% Government
Trade
Professional
HealthServices
Leisure
Financial
Activities
Manufacturing
Construction
OtherServices
Transportation
andUtilites
Education
Information
Natural
Resources
2000-2010 New Jobs by Industry
Arizona added 133,320 jobs
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
(80,000)
(60,000)
(40,000)
(20,000)
0
20,000
40,000
60,000
80,000
100,000
120,000
Health
Government
Trade,Trans.,
Utilities
Leisure
Education
OtherServices
Financial
Activities
Professional
Services
Natural
Resources
Information
Construction
Manufacturing
Projected New Jobs by Industry
Arizona is projected to add 408,135 jobs between 2010-2018
0
20,000
40,000
60,000
80,000
100,000
120,000 Professional
Services
Trade,Trans.,
Utilities
Construction
Health
Leisure
Government
OtherServices
FinancialActivities
Manufacturing
Education
Information
NaturalResources
Jobs Created Average Wages
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
Projected New Jobs by
Education Requirement
3% 2% 3%
11%
19%
62%
Professional Degree Doctoral Degree Master's Degree
Bachelor's Degree Associate Degree Less than Associate
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
Unemployment by Education Level
14.0%
10.3%
8.7%
4.6%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Less than High School
Diploma
High School Graduate Some College Bachelor's Degree or
Higher
Source: U.S. Bureau of Labor Statistics, 9/3/10
National Unemployment
by Education Level
Arizona Manufacturing
Currently makes up 6% of AZ employment.
6%
94%
Other Jobs Manufacturing
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
Arizona Manufacturing
Projected to add about 11,000 jobs by 2018
* Forecasted
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
*2010
*2018
Computer and electronic products Non-Durable Goods Manufacturing
Aerospace product and parts Fabricated metal products
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
*2010
*2018
Computer and electronic products Non-Durable Goods Manufacturing
Aerospace product and parts Fabricated metal products
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
Arizona Employment Change
by Occupation
3.9
4.2
5.1
5.2
5.2
7.0
8.2
9.0
9.5
9.9
$52,742
$26,629
$20,164
$16,880
$18,721
$21,697
$21,095
$17,046
$66,093
$30,217
$0$10,000$20,000$30,000$40,000$50,000$60,000$70,000
0 2 4 6 8 10 12
Accountants & Auditors
Office Clerks, General
Stock Clerks & Order Fillers
Waiters & Waitresses
Cashiers
Home Health Aides
Retail Salespersons
Combined Food Preparation
& Serving Workers
Registered Nurses
Customer Service
Representatives
Arizona Employment Change by Occupation
Thousands of jobs, projected 2008-18 Median annual wages,
May 2009
Expansions in Employment
Arizona vs. National (2008-2018)
Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
0%
10%
20%
30%
40%
50%
60%
70%
80%
Biomedical
Engineers
Network
Systems
Medical
Scientists
Registered
Nurses
Aerospace
Engineer
Arizona National
Multiplier Analysis
Jobs Created For Every Direct Job Added
Elliott D. Pollack & Company, The Job Recovery Package for the State of Arizona, Pg. 12
Industry Multiplier
Accommodations 0.63
Air Transportation 2.07
Chemical Manufacturing 3.73
Commercial Construction 0.83
Computer and other electronics manufacturing 2.18
Electrical equipment and appliances 1.47
Fabricated Metal 1.10
Hospital 0.91
Mining 2.19
Nursing and residential care 0.36
Professional services 0.90
Telecommunication 2.06
Wholesale trade 1.21
Dr. Dennis Hoffman
Director, L. William
Seidman Research
Institute, ASU
Competitiveness
So How Competitive is Arizona ??
Entrepreneurship
U.S. Composite Index – 16th, down from 10th in 2008
10th 20th 30th 40th 50thNo.1
Source: Charting a Course for Arizona’s Technology-Based Economic Development – Milken Institute, 12/09
21st Increase in Number of Companies Receiving VC Investment (2005-2006)
17th in Patents Issued per 100,000 people (2007)
3rd in Business Starts per 100,000 people (2006)
20th in Venture Capital Investment as Percent of GSP (2007)
39th in Venture Capital Investment and Growth (2006-2007)
44th in Business Incubators per 10,000 establishments (2008)
19th in Number of Companies Receiving Venture Capital per 10,000 Firms (1996-2004)
Arizona Business Climate: #1 Is Best
Science and Tech Workforce
10th 20th 30th 40th 50thNo.1
16th in Computer Experts In The State
24th in Percentage Of The Population With PH.D.s
15th in Percentage of Bachelor’s Degrees In Science And Engineering
20th in Percentage Of State With Computers In The Home
23rd in Technology/Science Workforce
21st in Percentage of Recent Science And Engineering Degrees
11th in Technology Concentration and Dynamism
Source: Charting a Course for Arizona’s Technology-Based Economic Development – Milken Institute, 12/09
Industrial
Existing Inventory in Total RBA:
Phoenix – 288,735,753 sqft (20th)
Tucson – 38,123,850 sqft (85th)
Vacancy %:
Phoenix – 16.6% (10th highest)
Tucson – 11.2% (55th)
Commercial Space Availability
Vacancy Comparison in 141 U.S. Markets
Source: COSTAR 2010 Mid-year Report
Office
Existing Inventory in Total RBA:
Phoenix – 154,316,749 sqft (17th)
Tucson – 22,997,370 sqft (79th)
Vacancy %:
Phoenix – 21.4% (1st)
Tucson – 12.0% (57th)
Infrastructure
http://wpcarey.asu.edu/seidman/Reports/P3/infrastructure.pdf
• Over $800 Billion in Infrastructure needs to
serve growth over the next 25 years
• State pace of Infrastructure investment
has slowed
• Need to consider innovative solutions
- PPP’s
- Toll Roads
- Infrastructure Banks
Infrastructure
Source: National Competitiveness Council of Ireland, www.forfas.ie/ncc/about_competitiveness.html
Competitiveness Growth Pyramid
Donald Cardon
President & CEO, ACA
ACA Objectives
• To assemble the collective strengths of an actively
involved Governor, Speaker Of The House, President Of
The Senate and Academia leadership with a diverse
representation of Arizona’s top CEOs for one purpose…
“To significantly and deliberately advance Arizona’s
economic future into a pronounced global
competitiveness position.”
• To focus such strengths on specific objectives relating to
how Arizona advances the appeal of its core assets
throughout the global marketplace.
ACA Objectives
• To provide the private sector with an aggressively
increased opportunity of engagement within both the
Executive and Legislative bodies of Arizona.
• To establish an environment where the sense of urgency
and increased communication break down the silos of
fragmented efforts and competitive dysfunction.
• To understand this is not political, nor is it about anyone
or industry in particular…it is about the future of our state
and how we distinguish ourselves within a global
marketplace that is dynamic in nature.
Local
Economic
Development
Community
ACA
IT’S
ABOUT
EXECUTION
Science
and
Technology
Aerospace
and
Defense
Small
Business
and
Entrepre-
neurship
Renewable
Energy
Legislative
Leadership
Private
SectorAcademia
Governor
Rural
Business
Advisory
Council
Business
Retention
ACA Board Meeting Sept 23 2010

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ACA Board Meeting Sept 23 2010

  • 1. Capital Investment: $13 million Jobs Created: 150 Capital Investment: $1 billion Jobs Created: 100 Capital Investment: $1 million Jobs Created: 6 Capital Investment: $20 million Jobs Created: 2,000 Capital Investment: $1 million Jobs Created: 1,000 Capital Investment: $13 million Jobs Created: 70 Capital Investment: $7 million Jobs Created: 50 Capital Investment: $15 million Jobs Created: 175 Capital Investment: $5 million Jobs Created: 40 Capital Investment: $11 million Jobs Created: 100 Capital Investment: $35 million Jobs Created: 63 Capital Investment: $50 million Jobs Created: 200 Capital Investment: $3 million Jobs Created: 10 Capital Investment: $1 million Jobs Created: 321 Capital Investment: $50 million Jobs Created: 109 Capital Investment: $1 million Jobs Created: 400 Capital Investment: $250,000 Jobs Created: 50 Capital Investment: $1 million Jobs Created: 150 Capital Investment: $7 million Jobs Created: 100 Capital Investment: $6 million Jobs Created: 350 Capital Investment: $1 million Jobs Created: 50 Capital Investment: $1 million Jobs Created: 50 Capital Investment: $65 million Jobs Created: 800 Capital Investment: $3 million Jobs Created: 30 Capital Investment: $40 million Jobs Created: 150 Capital Investment: $1 million Jobs Created: 1 Capital Investment: $3 million Jobs Created: 30 Capital Investment: $4 million Jobs Created: 13 Capital Investment: $1 million Jobs Created: 30 Capital Investment: $1 million Jobs Created: 100 Capital Investment: $5 million Jobs Created: 96 34 Projects Capital Investment: $1.36 billion Jobs Created: 7,205
  • 2.
  • 3. Thursday, September 23, 1010 ACA Board Meeting Agenda 1. Call to Order 2. Roll Call 3. The Vision Begins: Welcome and Opening Remarks 4. Executive Committee Appointments 5. The Vision: It’s About Leadership 6. Board Member Introductions 7. ACA Operations 8. Arizona’s Economy and Competitiveness 9. The Vision: It’s About Execution 10. Closing Remarks
  • 5.
  • 10. Arizona’s Jobs Agenda  Advance Regulatory & Tax Reform  Continue moratorium, repeal nuisance rules, promote pro-growth tax code change  Establish Governor’s Jobs Team  Key stage agencies focused on cutting “red and green tape” to expedite permitting, create jobs faster  Restore Fiscal Stability  Balance the state budget, resolve the deficit while protecting education and public safety  Revamp Department of Commerce  Top state CEOs providing long-term strategy & structure for Commerce Department
  • 11. Strategic Investments as Force Multipliers  Create Job Closing Fund  $20 million in job training assistance to land high wage jobs, enhance Arizonans’ workplace skills  Re-Launch state’s Job Training Program  Blocked sweeps, $13.5 million available mid October 2010
  • 12. Strategic Investments as Force Multipliers (cont.)  Support Innovation, Incubation and Talent Development  Re-connect to Science Foundation Arizona  $10 million in matching incentives for industry – propelling projects, STEM education and graduate research fellowships  Encourage Incubators  $3.5 million to nurture high tech start ups
  • 13. Strategic Investments as Force Multipliers (cont.)  Bring Jobs to the Rural Areas  $2M to advance economic development projects in rural communities  Protect Our Proven Brand  $250K to encourage travel to Arizona and to develop a long-term national and international marketing strategy
  • 14. Policies as Force Multipliers • Renewable Energy Manufacturing Tax Credit (SB 1403) • Renewable Energy Production Tax Credit (SB 1254) • Solar Liquid Fuel Tax Credit (HB 2370) • “Green and Grow” Policy • Small Business R&D Tax Credit / Discounted Refund (SB 1254) • Internationally Competitive K-12 Academic Standards / Testing • Baccalaureate Degree Production to Meet State Priorities • Alignment of Workforce Policy with Commerce Goals • Preservation of Arizona’s Military Installations (F-35) • Long-Term Infrastructure Planning for Job Creation
  • 15. $1.36 Billion Capital Investment 7,205 Jobs
  • 16. Strong Operational Foundation Organization and Management • Develop strategic focus, plans • Align functions to mission • Recruit CEO, organize talent
  • 17. Strong Operational Foundation Budget •Identify resource needs for operations, business attraction / retention •Develop private partnerships
  • 18. Strong Operational Foundation Legislation •Establish Authority, tools and resources •Advance unparalleled competitiveness Package
  • 19. "We are a young state. Arizona's best days are still to come if we make the right decisions. They are what the future requires." Governor Janice K. Brewer State of the State, 2010
  • 21. Total Arizona Employment Arizona is projected to add 404,315 jobs by 2018 Source: Research Administration 2010-2011 Occupational Forecast, August 19, 2010 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 *2010 *2018 *Projected
  • 22. 2010 Economic Sectors By Employment (2,376,000 jobs) Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Government Trade Professional HealthServices Leisure Financial Activities Manufacturing Construction OtherServices Transportation andUtilites Education Information Natural Resources
  • 23. 2000-2010 New Jobs by Industry Arizona added 133,320 jobs Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010 (80,000) (60,000) (40,000) (20,000) 0 20,000 40,000 60,000 80,000 100,000 120,000 Health Government Trade,Trans., Utilities Leisure Education OtherServices Financial Activities Professional Services Natural Resources Information Construction Manufacturing
  • 24. Projected New Jobs by Industry Arizona is projected to add 408,135 jobs between 2010-2018 0 20,000 40,000 60,000 80,000 100,000 120,000 Professional Services Trade,Trans., Utilities Construction Health Leisure Government OtherServices FinancialActivities Manufacturing Education Information NaturalResources Jobs Created Average Wages Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
  • 25. Projected New Jobs by Education Requirement 3% 2% 3% 11% 19% 62% Professional Degree Doctoral Degree Master's Degree Bachelor's Degree Associate Degree Less than Associate Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
  • 26. Unemployment by Education Level 14.0% 10.3% 8.7% 4.6% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% Less than High School Diploma High School Graduate Some College Bachelor's Degree or Higher Source: U.S. Bureau of Labor Statistics, 9/3/10 National Unemployment by Education Level
  • 27. Arizona Manufacturing Currently makes up 6% of AZ employment. 6% 94% Other Jobs Manufacturing Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010
  • 28. Arizona Manufacturing Projected to add about 11,000 jobs by 2018 * Forecasted Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 *2010 *2018 Computer and electronic products Non-Durable Goods Manufacturing Aerospace product and parts Fabricated metal products 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 *2010 *2018 Computer and electronic products Non-Durable Goods Manufacturing Aerospace product and parts Fabricated metal products
  • 29. Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010 Arizona Employment Change by Occupation 3.9 4.2 5.1 5.2 5.2 7.0 8.2 9.0 9.5 9.9 $52,742 $26,629 $20,164 $16,880 $18,721 $21,697 $21,095 $17,046 $66,093 $30,217 $0$10,000$20,000$30,000$40,000$50,000$60,000$70,000 0 2 4 6 8 10 12 Accountants & Auditors Office Clerks, General Stock Clerks & Order Fillers Waiters & Waitresses Cashiers Home Health Aides Retail Salespersons Combined Food Preparation & Serving Workers Registered Nurses Customer Service Representatives Arizona Employment Change by Occupation Thousands of jobs, projected 2008-18 Median annual wages, May 2009
  • 30. Expansions in Employment Arizona vs. National (2008-2018) Source: Research Administration 2008-2018 Occupational Forecast, August 19, 2010 0% 10% 20% 30% 40% 50% 60% 70% 80% Biomedical Engineers Network Systems Medical Scientists Registered Nurses Aerospace Engineer Arizona National
  • 31. Multiplier Analysis Jobs Created For Every Direct Job Added Elliott D. Pollack & Company, The Job Recovery Package for the State of Arizona, Pg. 12 Industry Multiplier Accommodations 0.63 Air Transportation 2.07 Chemical Manufacturing 3.73 Commercial Construction 0.83 Computer and other electronics manufacturing 2.18 Electrical equipment and appliances 1.47 Fabricated Metal 1.10 Hospital 0.91 Mining 2.19 Nursing and residential care 0.36 Professional services 0.90 Telecommunication 2.06 Wholesale trade 1.21
  • 32. Dr. Dennis Hoffman Director, L. William Seidman Research Institute, ASU
  • 34. So How Competitive is Arizona ??
  • 35. Entrepreneurship U.S. Composite Index – 16th, down from 10th in 2008 10th 20th 30th 40th 50thNo.1 Source: Charting a Course for Arizona’s Technology-Based Economic Development – Milken Institute, 12/09 21st Increase in Number of Companies Receiving VC Investment (2005-2006) 17th in Patents Issued per 100,000 people (2007) 3rd in Business Starts per 100,000 people (2006) 20th in Venture Capital Investment as Percent of GSP (2007) 39th in Venture Capital Investment and Growth (2006-2007) 44th in Business Incubators per 10,000 establishments (2008) 19th in Number of Companies Receiving Venture Capital per 10,000 Firms (1996-2004)
  • 37. Science and Tech Workforce 10th 20th 30th 40th 50thNo.1 16th in Computer Experts In The State 24th in Percentage Of The Population With PH.D.s 15th in Percentage of Bachelor’s Degrees In Science And Engineering 20th in Percentage Of State With Computers In The Home 23rd in Technology/Science Workforce 21st in Percentage of Recent Science And Engineering Degrees 11th in Technology Concentration and Dynamism Source: Charting a Course for Arizona’s Technology-Based Economic Development – Milken Institute, 12/09
  • 38. Industrial Existing Inventory in Total RBA: Phoenix – 288,735,753 sqft (20th) Tucson – 38,123,850 sqft (85th) Vacancy %: Phoenix – 16.6% (10th highest) Tucson – 11.2% (55th) Commercial Space Availability Vacancy Comparison in 141 U.S. Markets Source: COSTAR 2010 Mid-year Report Office Existing Inventory in Total RBA: Phoenix – 154,316,749 sqft (17th) Tucson – 22,997,370 sqft (79th) Vacancy %: Phoenix – 21.4% (1st) Tucson – 12.0% (57th)
  • 39. Infrastructure http://wpcarey.asu.edu/seidman/Reports/P3/infrastructure.pdf • Over $800 Billion in Infrastructure needs to serve growth over the next 25 years • State pace of Infrastructure investment has slowed • Need to consider innovative solutions - PPP’s - Toll Roads - Infrastructure Banks
  • 41. Source: National Competitiveness Council of Ireland, www.forfas.ie/ncc/about_competitiveness.html Competitiveness Growth Pyramid
  • 43. ACA Objectives • To assemble the collective strengths of an actively involved Governor, Speaker Of The House, President Of The Senate and Academia leadership with a diverse representation of Arizona’s top CEOs for one purpose… “To significantly and deliberately advance Arizona’s economic future into a pronounced global competitiveness position.” • To focus such strengths on specific objectives relating to how Arizona advances the appeal of its core assets throughout the global marketplace.
  • 44. ACA Objectives • To provide the private sector with an aggressively increased opportunity of engagement within both the Executive and Legislative bodies of Arizona. • To establish an environment where the sense of urgency and increased communication break down the silos of fragmented efforts and competitive dysfunction. • To understand this is not political, nor is it about anyone or industry in particular…it is about the future of our state and how we distinguish ourselves within a global marketplace that is dynamic in nature.

Editor's Notes

  1. SB 1403 (2009) – Property and income tax incentives for capital investments in renewable energy manufacturing or headquarter facilities. SB 1254 (2010) – The tax credit for systems greater than 5 MW from renewable energy sources. Depending on the year of operation of the renewable energy facility, the credit varies from 1 cent per kWh to 4 cents per kWh HB 2370 (2010) - New, separate tax credit specifically for increased R&D activities, along with production and delivery system costs, associated with solar liquid fuel.  Similar to photosynthesis, solar liquid fuel refers to the process by which concentrated solar energy is utilized in conjunction with carbon dioxide and water to create hydrocarbons.  In addition to creating combustible fuels such as methanol and ethanol, further processing can potentially yield more traditional fuels like diesel and gasoline. UofA and ASU getting federal grants for this type of research. SB 1254 (2010) - Taxpayers that employ less than 150 full-time employees are given a discounted refund of 75 cents for each dollar of an R&D tax credit already earned - provides small technology firms access to much-needed capital for fostering job creation and global competitiveness. By modifying Arizona's existing R&D Tax Credit legislation to allow for the discounted refund as opposed to strictly a tax credit, SB 1254 puts cash in the pockets of entrepreneurs who are often trying to move from research to prototyping and limited production. In return, the state actually reduces its liability by applying the 25% discount to its accrued tax credit obligation.
  2. Note – RBA (Rentable Building Area ) is the total square footage of a building that can be occupied by, or assigned to a tenant for the purpose of determining a tenant’s rental obligation. Generally RBA includes a percentage of common areas including all hallways, main