A Strong Economy takes more than TALK

January 18, 2010 by  

Despite the gloomy budget outlook, Legislators are leading Arizona’s prospects for robust job recovery to a whole new level – upward.  And since Arizona’s  business climate presents more of a steady crosswind than the friendly tax environment businesses seek, it’s not a moment too soon.

Prosperity doesn’t just happen – states need to promote and intentionally plan for growth.  Which is what HB 2250, the Arizona Job Recovery Act , is all about.   It is largely based upon findings from a report commissioned by House Republicans by Elliott D. Pollack and Company, which states in part:

“The current downturn has exposed the weaknesses in the State’s economic composition including an overreliance on growth, a relatively uncompetitive tax structure, and a lack of targeted economic development programs. Forecasts identify 2014 as the year that the State returns to the employment levels of late 2007. Population growth is currently anemic and per capita personal income (a measure of standard of living) remains on a general downward trend compared to the rest of the country. Without some policy action the State risks the further decay of its standard of living compared to the U.S. as a whole.”

Read the fact sheet on the newly redesigned AZ House Republicans website and more on the Newsroom tab.

Economic development doesn’t just happen.  It takes action.


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