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State Resources


Arizona Business Resources

Perhaps best known for its magnificent Grand Canyon, Arizona has a dry, desert climate with mild winters and hot summers. Post World War II, growth in the state was aided by the development of air conditioning, which made Arizona’s torrid summers more bearable. Manufacturing has become Arizona's most important industry, with the industry’s principal products including electrical, semi conductor, communication, and aeronautical items. Arizona’s original export activities – agriculture and mining – still serve as significant contributors to the state economy. Leading agricultural products include cattle, calves, dairy products, and cotton. In addition, over half of the nation’s copper is produced in Arizona. The mostly dry climate has forced Arizona to depend on complex irrigation systems for its water supply and has frequently landed it in legal battles over water rights.

Business Data

Per Capita Real GDP$33,441 Rank: 36/50 (2006)
Population5,130,630 Rank: 20/50 (2000)
Per Capita Personal Income$31,458 Rank: 39/50 (2006)
Unemployment Rate4.30% Rank: 21/50 (2008)
Business Tax Climate IndexRank: 25/50 (2008)
Corporate Tax Rate6.96%
Individual Tax Rate 2.59% - 4.54%
Sales Tax Rate 5.6%

Business Tax Climate Index

Individual Income Tax Index Rank26
Sales Tax Index Rank45
Unemployment Insurance Tax Index Rank3
Property Tax Index Rank10
Business Tax Climate Index25
Corporate Tax Index Rank24

State Information

AbbreviationAZ
CapitalPhoenix
Nick NameGrand Canyon State
State Web Sitehttp://www.arizona.gov
MottoGod Enriches

Top 5 Export Partner Countries

Mexico Canada Singapore China Malaysia

Top 5 Export Merchandise

Transportation Equipment Sales Computers and Electronic Products Sales Transportation Equipment Manufacturing Computers and Electronic Products Manufacturing Machinery Manufacturing

Major Cities

Mesa, Phoenix, Tucson

GDP

Total Gross Domestic Product (USD Millions) $247,028.00 (2007)
Per Capita Real GDP (USD)$33,655.00 Rank: 35 (2007)

Population Stats

Population 6,500,180 Rank: 14 (2008)

Age Distribution

Under 18 Population1,366,950
Under 18 Percent of Total Population27%
65 and older Population667,839
65 and older Percent of Total Population13%

Gender Distribution

Male Population49.9%
Female Population50.1%
Non-English Speaker (at home)945,176
Net International Immigration168,078
Birth Rate16.3%
Percent of People Under Poverty Level14.2%
Rank15

Expenditure

Per Capita State Spending$28,637
Rank38
Energy Expenditures per Person$3,073
Expenditures of State and Local Government Employee-Retirement Systems$2,016,230

Revenue

Personal Income$35,955
Rank39
State Internal Revenue Collection$35,485,237
Rank23
Cash and Deposits by State Government$2,435,830
Per Capita State Tax Collection$1,962
Rank41

Education

High School Graduation Rate67.8%
Rank34
Percent of Population with a Bachelor's Degree16.1%
Rank32
Percent of Population with an Advanced Degree9.2%
Rank24

Largest Universities

Arizona State University, Tempe Northern Arizona University University of Arizona
High School Graduation Rate67.8%

Logistics

Public Road Length (Mile)60,376
Gas Tax Rate (%)18%
Highway Planning and Construction (USD Thousands)607,839
Number of Public Airports79

Main Airports

PHX, Phoenix TUS, Tucson

Ports

Weather


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State Business Links

Arizona Republic
http://www.azcentral.com/arizonarepublic

Secretary of State

Arizona Secretary Of State
http://www.azsos.gov
State government office charged with overseeing elections, voter registration, and campaign finance.

Small Business Administration

Small Business Administration
http://www.sba.gov/localresources/district/az/index.html
The Arizona District Office plays a significant role in the economic development of Arizona with an estimated $21.4 billion dollar impact to the state’s economy, according to Arizona State University economists during Fiscal Year 2006 ending September 30, 2006. Phoenix, Arizona is ranked as the Number One place to start or grow a small business and Number 3 for rural business development according to a Cambridge, MA research firm. According to the latest Census, Phoenix is the sixth largest city in the country and Arizona, with its 114,000 square miles, is the sixth largest state. Gilbert, a suburb of Phoenix, was ranked as the fastest growing city in the nation in 2005. Arizona has one of the fastest growing economies in the nation with over 300,000 businesses and employing more than half the state’s workforce. 99 percent of all businesses in Arizona are considered small businesses.

Top 10 Business Links

Arizona Business Gazette
http://www.azcentral.com/abgnews
A newspaper that covers business issues in Arizona.
Arizona Department of Commerce
http://www.azcommerce.com/Home
In addition to providing information on available business assistance through Small Business Services, the Office of Innovation and Technology, States Incentives, Programs, and Grants, Marketing and Business Attraction, and International Trade and Investment, this website also contains a section on Economic Information & Research, with various economic indicators, reports, and Arizona profiles.
Arizona Export Assistance
http://www.azexport.com/services.htm
The Arizona District Export Council and Arizona Export Assistance Centers offer commercial services including locating market research, pinpointing your export prospects, promoting your goods and services abroad, and harnessing technology to your advantage. They also have a section on import/export basics.
Arizona Secretary of State Business Services
http://www.azsos.gov/business_services/
This page contains information useful to entrepreneurs, with topics including business registrations and filings details necessary for various business types, notaries, publications and pamphlets, office locations, and public records requests.
Buckeye Arizona
www.buckeyedevelopment.com/business_climate.aspx
This website provides information to help entrepreneurs make good business decisions. Information on Arizona’s business climate is provided, along with other resources.
Center for Competitiveness and Prosperity Research
wpcarey.asu.edu/seid/ccpr/
The Center is part of the W.P. Carey School of Business, of Arizona State University. On a monthly, quarterly basis, and annual basis, the center provides various business-related data, reports, and publications, such as economic indicators, business indices, or economic forecasts. Some information may require purchase.
Economic & Business Research Center
ebr.eller.arizona.edu/
This center is operated by the Eller College of Management in the University of Arizona. Comprehensive data on Arizona’s economy is available, including indicators, statistics, and research studies. An annual forecast of the economy is also available.
U.S. Commercial Service Arizona
www.buyusa.gov/arizona/
The Arizona branch of the U.S. Department of Commerce that specializes in helping companies develop and execute exporting strategies. Fees vary and are based on the service being provided.

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