Business Climate
CBRE identified Tucson in the Top 25 for “Tech Talent Markets 2021” due to its strong labor market and growth opportunities for companies.
Southern Arizona is blessed with warm weather, lots of sunshine and very few natural disasters. The welcoming climate extends into the welcoming business environment.
Businesses regard Southern Arizona as an emerging location of choice for many important reasons including:
- Availability and affordability of land, water and electricity
- Competitive operational and payroll costs
- A diverse workforce and skill set availability
- No corporate inventory tax
- Arizona’s designation as a right to work state
- Focused incentives for jobs and capital investment
Businesses and companies can benefit from a variety of regional and state tax incentive programs including state and local Job Training Grants, Foreign Trade Zone and the Arizona Quality Jobs Tax Credit.
Industry clusters and tech associations thrive here including: Arizona Tech Council, AZ Optics Valley, and AMIGOS Arizona Mining Industry