American British Business 2006/7

ABB 2006/7 | State Profiles | Western region | Arizona

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Arizona

Capturing your share of the west coast market from an Arizona location is both practical and inexpensive in almost every operating category – labour, transportation, utilities and real estate. And the Arizona lifestyle attracts and retains talent.

Here’s why:

Competitive business costs

Corporate income tax rate: 6.968%
Real and personal property effective rate : 3.14%
State sales tax rate: 5.6%-9.0% (state median is 8.3%)
Right to work state (low union activity)
Low workers’ compensation rates
No inventory tax

Incentives and tax credits

R&D Tax Credit – income tax credits for qualified research and development conducted in Arizona, including co-operative research efforts between companies and state universities
Private Activity Bonds – tax-exempt bonds for construction, purchase of equipment for manufacturing operations, qualified real estate development, and so on
Pollution Control Tax Credit – income tax credit on real or personal property used to control or prevent pollution

Strategic location benefits

Enterprise Zones – income tax credits and/or property tax reclassification for businesses located in designated disadvantaged zones
Foreign Trade Zones – special zones created to reduce operating costs for import/export businesses
Military Re-use Zones – incentives are available to aviation and aerospace companies creating new jobs and making capital investments within designated zones

Overlooking the Grand Canyon at sunset

Easy access to major markets

Six international airports and more than 200 airfields provide companies with easy access to world markets.

From Arizona, companies can:

Service much of the country by truck in one day;
Access more than 6,000 miles of well-maintained highway and road network.

For more information, contact:
Arizona Department of Commerce
1700 W Washington, Suite 600
Phoenix, AZ 85007
Tel: +1 602 771 1100
Website: www.azcommerce.com

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