Wednesday, February 11, 2009

The Arizona stimulus package...

Some positive news comes from our neighbors in Chandler regarding the large employer Intel. Read this for all the news.

Taken from that article...

Officials in Arizona have been pushing various incentives to lure companies to spend in Arizona. The Arizona Technology Council has backed the R&D tax credit and plans to look for expansion to that credit in the current legislative session.

“The state has done some forward looking policy changes over the last couple of years, and that has sent a positive message to corporations,” said Steve Zylstra, president and CEO of the Tech Council.

Facing a tough upcoming budget year and after already cutting $1.6 billion from the state’s finances for this year, adding new incentives to lure businesses may be a tough sell.

“After seeing what we’ve inherited in the last couple of weeks, this is something that makes us feel very, very positive,” Gov. Jan Brewer said.

Chandler Mayor Boyd Dunn said he believed those policies that allowed Intel to make a total of $7 billion in investments at the campus in the past few years continue to work. The state needs to focus more efforts on bringing large investment to Arizona, he said.

“I guess you could call this the Arizona stimulus package,” Dunn said.

A bit of an incentive and risk will lead to the creation of over 1,000 construction jobs for two plus years... and the job security of thousands that work in the plant. I didn't think that was possible in the current economic environment.

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