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AAED Legislative Policy
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2018 AAED Policy Priorities

EXPANDING ECONOMIC DEVELOPMENT PROGRAMS TO MAKE ARIZONA MORE COMPETITIVE

AAED urges the Legislature to support programs and policies that encourage businesses to expand and locate in Arizona, and enhance our competitive position in attracting and retaining high wage jobs.

ENSURE A QUALIFIED WORKFORCE AND WORKFORCE PIPELINE

AAED supports policies and funding for education programs that result in a thriving qualified Arizona workforce. Continuing legislative support for high-quality educational systems provides Arizona with an additional asset in attracting companies and talent. Supporting not only a healthy innovation pipeline, but also a robust craft training ecosystem have verifiable impacts on the overall economic health of our state.  A qualified workforce with a balance of post-secondary education and vocational training will support Arizona’s competitiveness in the retention and attraction of high wage jobs.

ENHANCE THE ACCESS TO CAPITAL

AAED recognizes access to capital as one of the major impediments to the formation and growth of new companies. Venture capital drives job creation and economic growth by helping entrepreneurs turn innovative ideas and scientific advances into products and services. The extension and funding of the Angel Investment Tax Credit in 2017 was a major victory for Arizona’s economic development toolbox. AAED encourages the Legislature to take further measures to positively impact businesses’ access to capital.  Such measures include allowing companies that have earned tax credits through investment and job creation activities to be able to apply those credits to other Arizona tax liabilities, as well as making refundable R&D tax credits available to smaller companies.

RETAIN AND MODERNIZE EXISTING ECONOMIC DEVELOPMENT PROGRAMS

AAED membership opposes any unnecessary changes that reduce or delay existing and proven economic development tools and programs, including GPLET. Many companies choose to relocate or expand in Arizona because of these programs. The need to remain consistent and competitive is critical to Arizona’s long-term economic development success.  Creative programs that incentivize business creation and expansion enhance the state’s appeal both nationally and globally. In addition, AAED advocates for the renewal of the Arizona Commerce Authority’s charter based on its proven performance in fostering job creation, capital investment and higher wages.  AAED discourages the Legislature from sweeping any additional funds not used in a particular fiscal year by the ACA.

LOCAL TAX IMPACTS ON BUSINESSES

During the economic downturn, the Arizona Legislature pushed funding of state government mandates, such as community college and corrections expenses, down to local jurisdictions in an effort to balance the budget. Due to assessment ratio for business property taxes, the net effect of this budgeting technique was an increased burden on existing and future Arizona businesses. For this reason, AAED opposes unreasonable sweeps and unfunded mandates to local governments in the budget process, and advocates for holistic and meaningful tax reform that benefits the entire state.

FUND TRANSPORTATION AND INFRASTRUCTURE

AAED supports funding via appropriate fee and taxing mechanisms that encourage the development, maintenance, and improvement of infrastructure that results in business development and job creation. Sweeps of Highway User Revenue Funds (HURF) must stop. HURF is the sum of several taxes and fees which are allotted for the purpose of maintaining roads, bridges and other transportation needs in the State. Since 2001, more than $2 billion has been diverted from HURF to pay for other government programs. AAED urges the Legislature to convene state leaders to discuss how we can meet our future transportation needs and maximize Arizona’s economic competitiveness.  In addition, AAED supports access and connectivity to the Internet through high speed digital infrastructure that meets the needs of all Arizonans.

 

AAED SIGNS ON HURF LETTER TO GOVERNOR --

AAED joined in with 40 others to urge Governor Ducey and the members of the 53rd Arizona State Legislature to eliminate HURF transfers. 

CLICK HERE for information.