Incentives For High-Tech In Arizona

22 December 2003 - 6:00am

Arizona attempts to spur its slowing tech industry with tax credits and private investments.

"The recommendations for capital formation include state tax credit to attract out-of-state investors, a program that exists in other states. The second set of recommendations focuses on technology commercialization, in which businesses license inventions developed at the state universities and turn them into successful products. The third set of recommendations is aimed at building up infrastructure for technology businesses, with a focus on growing local companies. Suggestions include a more business-friendly tax structure, a stronger relationship with federal policy makers, and a campaign to brand Arizona as a tech-savvy state."

Source: The Arizona Republic, December 19, 2003