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

Phoenix police: Man injured in shooting; may be connected to other case

PHOENIX - Police say two incidents involving firearms may be connected. Officers responded to a neighborhood near 35th Avenue and Broadway aro…

Published: July 30, 2016 - 9:00 pm @ http://www.abc15.com/news/region-phoenix-metro/cen…

The Next President Will Likely Appoint 4 Supreme Court Justices

Which President Do You Want Picking Them? This election is all about the Supreme Court that will shape our lives for the next 30 years.AlterNe…

Published: July 30, 2016 - 8:54 pm @ http://portside.org/2016-07-30/next-president-will…

This one book will help you better understand solar energy

On the jacket of the book by Philip Warburg, “Harness The Sun: America’s Quest For A Solar-Powered Future,” Rep. Henry Waxman’s description na…

Published: July 30, 2016 - 8:52 pm @ http://www.sgvtribune.com/environment-and-nature/2…

Now Available On iBooks: “Harry Potter and the Cursed Child Parts I & II”

Yes, fans of all things Hogwarts will be mightily excited to hear that today officially marks the release of the eighth book in the award-winn…

Published: July 30, 2016 - 8:52 pm @ http://razorianfly.com/2016/07/31/now-available-on…

Houston Chronicle Editorial Board Issues Early Endorsement of Hillary Clinton

For only the second time in several decades and atypically early in an election year, the major regional newspaper Houston Chronicle issued an…

Published: July 30, 2016 - 7:53 pm @ http://www.snopes.com/2016/07/30/houston-chronicle…

Dalvin Hollins update: Slain Tempe robbery suspect's mom wants probe

TEMPE, AZ - The mother of a robbery suspect wants an outside investigation into the confrontation with Tempe police that led to his shooting d…

Published: July 30, 2016 - 7:50 pm @ http://www.abc15.com/news/region-southeast-valley/…

AZ Trump fundraising spikes, still behind Clinton

By Sophia Kunthara | Cronkite News WASHINGTON – Republican presidential nominee Donald Trump raised three times as much money from Arizona con…

Published: July 30, 2016 - 6:59 pm @ http://cronkitenews.azpbs.org/2016/07/27/trump-fun…

Celebrity chef Restaurants in Phoenix / Scottsdale

4.8Food 4.5Decor 4.5Service 4.8Food 4.6Decor 4.6Service 4.8Food 3.7Decor Service 4.8Food 4.5Decor 4.8Service 4.7Food Decor 4.4Service 4.7Food …

Published: July 30, 2016 - 5:58 pm @ https://www.zagat.com/c/phoenix-scottsdale-z/celeb…

The Red Cross takes action to give Buckeye residents a place to cool down following power outages

BUCKEYE, AZ - People in Buckeye have been waiting all day Saturday for their air conditioning, and other appliances, to kick back on after Fri…

Published: July 30, 2016 - 5:52 pm @ http://www.abc15.com/news/region-west-valley/bucke…

Historian Recounts Role of Chinese Americans Who Fought in US Civil War

Print African Americans Reflect on US Civil War 150 Years Later, US Civil War Still Resonates Audio Interview with Chinese-American expert Rut…

Published: July 30, 2016 - 4:22 pm @ http://www.voanews.com/content/surprise-asians-fou…

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…