Highlighting Arizona’s Economic and Workforce Development

Governor Doug Ducey highlighted Arizona’s economic momentum and workforce development during a discussion at the National Governors Association’s Workforce Symposium with Bill McBride, Executive Director of association.

Arizona experienced one of the strongest economic dynamics in the country last year and has been able to maintain it throughout the pandemic recovery. We have been a leading state in attracting business and talent through effective policies and targeted spending.

What is behind this success? Governor Ducey has fostered a good business environment by reducing taxes each year of his tenure, cutting red tape and fostering innovation.

Arizona ranks third for jobs recovered from the pandemic, with more than 97% of jobs recovered. On top of that, we have reclaimed 101 percent of private sector jobs. Our workforce reached pre-pandemic levels in March and has grown steadily since then.

As a result of our pro-growth policies and initiatives, high-tech companies are relocating or expanding in Arizona. Only the most recent companies have chosen Arizona:

  • Yesterday Lucid commissioned its new manufacturing facility in Casa Grande. Their facility is expected to directly employ more than 6,000 people and have an economic impact of more than $ 100 million in annual tax revenue for the state of Arizona, Pinal County and Casa Grande.

  • Last week, Intel inaugurated two new semiconductor manufacturing plants. This expansion included a $ 20 billion investment – the largest private sector investment in the state’s history. Their factories will create 3,000 new high-tech, well-paying jobs and 3,000 construction jobs, while supporting approximately 15,000 additional indirect jobs in the Arizona community.

  • In July, KORE Power, Inc. announced that the first 100% U.S.-owned lithium-ion battery manufacturing plant will be built in Maricopa County, creating more than 3,000 new manufacturing jobs. tip in Arizona.

  • In June, CP Technologies celebrated the grand opening of its new headquarters and manufacturing facility in Prescott. Their installation is expected to create more than 200 jobs over the next two years.

  • Last May, Taiwan Semiconductor Manufacturing Company (TSMC) selected Arizona for its new US advanced semiconductor plant. They will create more than 2,000 new high-tech jobs, generate thousands more jobs in the state, and spend an estimated $ 12 billion from 2021 to 2029.

Hospitality & Tourism
In July, Governor Ducey announced an investment of $ 101 million to launch the Visit Arizona initiative. This program is designed to increase tourism spending in Arizona, stimulate job creation, and accelerate our economic recovery.

The initiative provides funds to reinvigorate the tourism industry workforce, invest in tourism infrastructure such as our parks and outdoor attractions, raise awareness of our state through marketing organizations destination, and more. This will help us market all major parts of our state, from the Grand Canyon to the Waste Management Open.

Governor Ducey announced $ 4 million in funding for the Safest Outdoor Restaurant Assistance Program, a statewide program to help Arizona restaurants and other dining establishments extend outdoor seating and limit the spread of COVID-19.

In May, Governor Ducey signed legislation allowing bars, liquor stores and restaurants to sell take-out cocktails, expanding opportunities for businesses across the state. House Bill 2773 permanently allows Arizona businesses to offer on-the-go cocktails beyond the pandemic.

With these actions, the Leisure and Hospitality workforce continues on a positive upward trajectory. The industry has recovered nearly 90% of all jobs lost during the pandemic.

Arizona universities, community colleges, and K-12 schools help prepare workers for high-tech jobs. Their partnerships with high-tech companies have been instrumental in this effort.

  • In 2020, Intel partnered with the Maricopa County Community College District to launch its first Intel-designed Artificial Intelligence Associate Degree Program. Intel is also a long-time partner of Arizona State University’s Fulton School of Engineering.

  • In March, Lucid Motors coordinated with Central Arizona College to launch Drive48, a state-of-the-art manufacturing training center that will strengthen efforts to train Arizona’s workforce for high-tech jobs.

  • CP Technologies has partnered with Embry-Riddle Aeronautical University and Yavapai College to foster an innovative ecosystem, and plans to leverage the impressive talent produced by these educational institutions in its recruitment efforts.

  • Tata Consultancy Services is expanding the reach of its STEM and computer education programs in Arizona schools. This will give more of our children the opportunity to learn computer skills while developing a talent pool for their businesses.

In May, Governor Ducey signed Senate Bill 1453, which allows community colleges to offer four-year degrees. This legislation widens the opportunities for populations historically under-represented in higher education.

In June, Governor Ducey signed Arizona’s FY22 budget, which included the governor’s $ 6 million in Education Emergency Relief (GEER) fund to support future teachers in the state through from Arizona Teachers Academy. The academy enables future educators to graduate from college debt-free and gain the experience and training necessary to teach Arizona children.

Return to work programs
In May, Gov. Ducey announced Arizona would no longer take federal pandemic unemployment compensation and instead offer a $ 2,000 back-to-work bonus to eligible workers – in an effort to bring as many Arizonans as possible to join the labor market, with a child care support, educational opportunities and rental assistance. The plan has helped Arizona residents return to work and filled the thousands of jobs available statewide. Since the program was announced in May, we have seen a drop of over 80% in the number of people receiving unemployment benefits.

In August, Governor Ducey announced $ 5 million to launch the Return-to-Work Small Business Rehire and Retention Program, with a particular focus on helping Arizona businesses affected by the fires in forest and flooding. The program is designed to help small locally owned or operated businesses hire and retain employees. The program will fund up to $ 10,000 in expenses for employee hiring / signing bonuses, relocation bonuses for employees moving to fill a vacant position, and employee retention bonuses.

Tax reform
Arizona’s budget also included the largest income tax cut in state history and a tax cut for everyone in Arizona. This reform marks the seventh consecutive year that the governor has reformed or simplified taxes.

As part of an effort to attract more businesses and workers, Governor Ducey signed the Senate Bill 1783, which further reduces and streamlines taxes while protecting small businesses from a devastating increase in taxes. 77% taxes.

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