The United States-Mexico-Canada Agreement (USMCA) finally goes into effect across North America. In this uneasy time full of conflict and intense partisanship, it’s worth taking a moment to celebrate the bipartisan effort of Arizona’s congressional delegation to secure passage of this historic trade agreement. All 11 Republican and Democratic senators and representatives voted unanimously in favor of the USMCA, and they served as a model of compromise and cooperation for a divided Congress.
The Paycheck Protection Program Flexibility Act of 2020 (PPPFA) is intended to make it easier for Borrowers to maximize loan forgiveness. The PPP loan program still has funds available! View a list of participating lenders and get started today!
The Arizona Technology Council released its latest quarterly Arizona Technology Industry Impact Report. Among other positive news, the data from the Q1 2020 report revealed a steady 3.45% growth in technology sector employment. A new Supply Chain Gap Analysis also revealed 76% of Arizona’s technology industry supply chain purchases—a $4.5 billion value—are sourced in-region.
Federal leaders must find innovative ways to continue to support these businesses. One approach would be to establish a Small Business Energy Efficiency Grant program that would provide federal grants to electric and natural gas utilities and supplement available utility incentives to encourage small businesses to make zero-cost energy efficiency upgrades to their facilities.
As Congress looks for targeted and timely ways to prime the economy for recovery, it should seize this opportunity to modernize the nation’s power system with investments that will pay dividends for the economy and the environment for generations.
While Covid-19 has fundamentally changed us, what remains constant is our foundation as a technology and innovation hub driven by big ideas, talented entrepreneurs and a welcoming business environment. This is especially true in our renewable energy sector. Renewable energy is the answer to moving toward a cleaner, more prosperous and healthy future.
The Arizona Technology Council held a virtual panel discussion on Arizona’s innovative advanced manufacturing sector featuring Allison Gilbreath, Executive Director, Arizona Manufacturers Council at the Arizona Chamber of Commerce and Industry, and Mark Gaspers, Manager Southwest Region at The Boeing Company. Moderated by Arizona Technology Council CEO Steve Zylstra, it was a fantastic discussion and well worth a listen.
In response to a request for input from the House Science, Space, and Technology Committee, the Information Technology and Innovation Foundation (ITIF) recommends that a new stimulus package include provisions to jumpstart manufacturing, technology entrepreneurship, and clean energy innovation.
Arizona enjoys a diverse mix of tech industries and professions, with the average technology wage nearly double the average wage in non-tech sectors. Currently, employees in computer systems design, semiconductor manufacturing, and aerospace product and parts manufacturing account for roughly half of all annual wages across the state of Arizona.
Incentives for innovation: The Angel Investment Tax Credit program is set to expire June 30, 2021. That’s why the Arizona House of Representatives is considering HB 2409 in the current legislative session. Continuing the tax credits is key to innovation cultivation and truly becoming the tech hub we’re meant to be.