Tucson, AZ (PRWEB) October 28, 2013
Arizona is open for business growth and has a $ 25 million fund to help companies that will create high-quality, stable jobs in the Grand Canyon state.
Executives from one of the largest commercial real estate organizations devoted to the representation of corporate tenants and buyers heard this message loud and clear from the Arizona Commerce Authority (ACA) at the recent ITRA Global conference in Scottsdale.
Mr. Greg Linaman, ACA Chief Operating Officer/Chief Counsel, shared with conference attendees information about Arizonas incentives and services aimed at attracting companies to expand or relocate in the state. Among them was the states $ 25 million Arizona Competes Fund, a deal-closing fund that provides incentives for companies that meet job-creation benchmarks.
Since mid-2011, the fund has awarded grants to seven companies: Clear Energy Systems Inc., Silicon Valley Bank, Ulthera Inc., United HealthCare Services Inc., The Go Daddy Group Inc., Maverick HealthCare Group LLC and Acceler8 Technologies Corp. Together they are expected to bring nearly 1,700 new jobs to Arizona.
My ITRA colleagues found this information extremely useful in our work assisting clients in decisions about the best sites for relocation and expansion, says Michael Coretz, Principal of ITRA Global / Commercial Real Estate Group of Tucson. These incentives provide the extra consideration that Arizona already receives from its business-friendly environment, talented work force and great weather and culture, says Mr. Coretz, who was instrumental in bringing the global conference to Arizona.
The Arizona Competitiveness Package encompasses some of the most powerful economic development legislation in the country, making Arizona one of the most attractive locations in the world for companies to operate,