Business & Job Creation
Businesses need a friendly and fair business environment so they can compete, innovate, and create jobs. We’re keeping politicians from playing favorites by offering special deals and tax breaks to the favored few.
In the upcoming election, three of the five seats on the Arizona Corporation Commission (ACC) are up for grabs. Besides having the authority to set utility rates, the ACC has created a renewable energy standard that, as it currently stands, will require utility companies to produce 15 percent of their energy by renewable means by 2025.
Kris Mayes, one of the current commissioners and one of the strongest advocates of the standard, contends that the standard will help preserve the environment and lower electricity costs over time.
When most people think of hot-button political issues, they probably don't think of interior decorators. But California is the latest battleground in a national war that has raged across numerous states, not to mention The Wall Street Journals editorial page and George Wills columns.
A Maricopa County Superior Court judge on Feb. 11 heard arguments over the constitutionality of a $97 million tax rebate granted by Phoenix to lure the development of a major North Phoenix shopping mall.
The tax break granted by the city is being challenged Goldwater Institute attorney Clint Bolick, who argues the citys deal with the CityNorth project violates state constitution prohibitions of governments applying gifts and special laws to individuals and businesses.
PHOENIX -- When the upscale stores -- Bloomingdale's, Nordstrom and other magnets for affluent shoppers -- open their doors at the CityNorth "urban village" now being built, Phoenix taxpayers will be there, sort of. They are providing a $97.4 million subsidy to the Chicago-based developer of the 144-acre project that will include residential, office and hotel facilities.
NORTHEAST PHOENIX - A controversial $100 million deal between the city of Phoenix and a developer was argued Monday, but a Maricopa County Superior Court judge issued no ruling in the case affecting CityNorth, a new, high-end mixed use development in northeast Phoenix.
After 90 minutes of argument on Monday, Judge Robert Miles said he knows his decision, whatever it is, will be appealed.
"I am under no illusions that I will have the last word on this subject," Miles said. advertisement
A lawsuit filed Wednesday by the Goldwater Institute may be the beginning of the end of the counterproductive and increasingly idiotic practice of municipal tax incentives.
The Legislature has been trying to rein in the practice. But it shouldn't be up to the Legislature. The Arizona Constitution plainly prohibits such subsidies.
The Goldwater Institute filed suit Wednesday challenging Phoenix's controversial subsidy of almost $100 million to CityNorth, a luxury development under construction in northeast Phoenix.
The lawsuit, filed in Maricopa County Superior Court on behalf of six plaintiffs, seeks to block the subsidy and similar handouts in the future. It names members of the Phoenix City Council and City Manager Frank Fairbanks.
A fiscally conservative watchdog group has filed a lawsuit to stop a city of Phoenix sales tax subsidy for a proposed retail and mixed-use development in the far northeast part of the city.
The Goldwater Institute has filed suit in Maricopa County Superior Court asking for an injunction against a $100 million Phoenix subsidy for the CityNorth project.
The CityNorth development is a large retail and mixed-use project being built near the Desert Ridge shopping complex off of the Loop 101 Freeway near the Phoenix-Scottsdale border.
A new study blasts Arizona's reliance on Ireland's model for growth and using state money and incentives to lure private biotechnology companies.
The Goldwater Institute report contends tax cuts and reduced government spending and regulation were responsible for Ireland's recent economic growth rather than public subsidies and tax breaks aimed at biotech.
The United States economy is creating millions of new jobs, yet the average American worker is feeling the squeeze of stagnant wages and the offshoring of entire industries.
The cure? Brainpower. Innovation, more specifically.
That's the watchword for a 17-member team of national leaders in government, academia and private industry that gathered Tuesday in Phoenix as part of a meeting of the National Governors Association. The project, known as Innovation America, is to dream up new ways to turn American ingenuity into new jobs.