Making Ariz. more competitive is key to economic, job recovery - Ahwatukee Foothills News: Commentary

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Making Ariz. more competitive is key to economic, job recovery

Print
Font Size:
Default font size
Larger font size

Posted: Friday, January 8, 2010 12:00 am

It is no secret that Arizona’s economy is struggling. During the current recession our state has lost nearly 300,000 jobs – the worst in the country. Our state budget has a $1.4 billion deficit, with another $3.2 billion facing us in fiscal year 2010. After years of population and construction growth, we’re flat in both areas with no relief in sight.

In an effort to spur the economy and promote job growth, the House Republicans announced the Arizona Economic and Job Recovery Bill. It is focused on creating a more business-friendly climate, attracting and retaining base industries, creating jobs with good pay and benefits, and providing needed tax relief to businesses and citizens.

This bill contains recommendations that are a direct result of an extensive review of the state’s economy conducted by Elliot D. Pollack, who is widely regarded as one of the state’s foremost economists. The analysis focused on Arizona’s current tax policy and economic development practices, both of which are critical to improving the state’s economy. It also analyzed other states with successful, proven economic development programs to determine best practices.

One clear conclusion of the report: Arizona is not competitive when it comes to attracting new base industry companies to the state and is challenged in retaining existing business. The Arizona Economic and Job Recovery Bill is focused on changing that.

Attracting and retaining base industries is crucial to Arizona’s turnaround efforts. A base industry includes those in high-wage sectors such as manufacturing, research and development, and high-tech companies. Some examples would be Boeing, Honeywell and Intel. These companies create both direct and indirect jobs, generate new tax revenue for the state, and create growth for local suppliers and vendors. By employing more Arizonans who will in turn spend money, base industry firms create additional revenue for the state and local businesses. In addition, each base industry job creates additional jobs in local businesses throughout the state.

Measures in this bill will make Arizona more competitive by lowering the tax burden on new companies and adding incentives for relocating to our state.

However, the Arizona Economic and Job Recovery Bill is not focused just on bringing new business to the state. It also relieves the tax burden and makes it easier to do business for existing companies. Many of the recommendations will provide immediate relief to small and large businesses and, in some cases, to Arizona citizens, as well.

We cannot budget cut our way to prosperity. And we cannot continue to spend more than we bring in. We must put into place the infrastructure that will allow us to grow our economy and jobs now. This bill is a first step in that direction. It’s geared to reverse the negative economic trends of the last several years and put Arizona and Arizonans back on a path to prosperity.

For more information, please visit our Web site at www.azhouserepublicans.com.

 

John McComish is majority leader in the Arizona House of Representatives and former president of the Ahwatukee Foothills Chamber of Commerce. Contact him at jmccomish@azleg.gov or (602) 926-5898.

More about

More about

More about

  • Discuss

Here Are 17 Hidden Spots Inside America's National Parks and Forests

In the latter half of the 19th century, the West had been won. The frontier was closed, and America was feeling panicked about its identity. W…

Published: August 26, 2016 - 12:52 am @ http://www.atlasobscura.com/articles/here-are-17-h…

Mrs Brown's Boys voted best sitcom of 21st century

BBC1 comedy Mrs Brown’s Boys has been voted the best sitcom of the 21st century so far in an online poll of 14,000 people. Ricky Gervais’s The…

Published: August 26, 2016 - 12:24 am @ https://www.theguardian.com/tv-and-radio/2016/aug/…

Javelinas chill out in a Gilbert homeowner's yard

GILBERT, AZ (KPHO/KTVK) - When you choose to live in the desert, you have to accept certain things. You might find a scorpion running around y…

Published: August 25, 2016 - 10:24 pm @ http://www.cbs5az.com/story/32845827/2016/08/25/ja…

Legends Cup 2016: Women's Football League Finals Hit Scottsdale on August 27

Lauren Cusimano A A Have you ever watched a woman (most likely) on TV doing something very active, and you’re wondering how her makeup is stil…

Published: August 25, 2016 - 10:22 pm @ http://www.phoenixnewtimes.com/arts/legends-cup-20…

Opponents of marijuana legalization initiative take their case to the Arizona Supreme Court

PHOENIX - Opponents of an initiative that would legalize recreational marijuana in Arizona urged the Arizona Supreme Court Thursday to overtur…

Published: August 25, 2016 - 10:14 pm @ http://www.abc15.com/news/state/opponents-of-marij…

Mayim Bialik and Marcie Leeds recreate their 'Beaches' opening scene

This article originally appeared on PEOPLE.com. After nearly 20 years apart, Mayim Bialik has reunited with her childhood costar from Beaches …

Published: August 25, 2016 - 9:23 pm @ http://www.ew.com/article/2016/08/25/beaches-mayim…

Phoenix police renew call for tips in serial killer case

"We collectively know somebody out there has information about the suspect involved in these crimes, and we desperately need that information,…

Published: August 25, 2016 - 9:13 pm @ http://www.foxnews.com/us/2016/08/25/phoenix-polic…

Burns Steps Up 'Dark Money' Quest, Subpoenas APS And Pinnacle West

Published: Thursday, August 25, 2016 - 2:56pmUpdated: Thursday, August 25, 2016 - 3:32pm downloadAt long last, Bob Burns has made good on his …

Published: August 25, 2016 - 8:51 pm @ http://kjzz.org/content/355927/burns-steps-dark-mo…

The Next Phase of Wearable Tech: Tattoos (VIDEO)

This video introduces DuoSkin, a new piece of wearable tech co-developed by MIT Media Lab and Microsoft Research. It’s a fantastic idea: a pai…

Published: August 25, 2016 - 8:51 pm @ http://www.slate.stfi.re/blogs/future_tense/2016/0…

Political Notebook: Trump guru's bullying goes back to Biosphere

The name Steve Bannon may not mean much to most people in Southern Arizona, but to those involved in Biosphere 2, it brings back memories of a…

Published: August 25, 2016 - 8:43 pm @ http://tucson.com/news/local/columnists/steller/ar…

Facebook

ahwatukee.com on Facebook

Twitter

ahwatukee.com on Twitter

RSS

Subscribe to ahwatukee.com via RSS

RSS Feeds

Spacer4px

Most Popular

Online poll

Loading…