What public-sector incentives exist to encourage the growth and development of existing in-state firms and the attraction of out-of-state firms to Arizona?
Among a host of state tax incentives for general business, Governor Janet Napolitano signed a bill on May 15, 2005, to stimulate investment in early-stage technology firms. The legislation enables “angel” investors to secure tax credits of 30 percent for investment in tech firms and 35 percent for biotech and rural companies. The program went into effect on July 1, 2006.
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