Economic Development

Business groups blast FTC decision to ban noncompete agreements

The Federal Trade Commission on Tuesday voted to ban noncompete agreements. The ban would prohibit new noncompete agreements for every employee and mandate that companies inform both current and former staff that they won’t be enforcing such agreements. Additionally, businesses will be obligated to revoke existing noncompete agreements for the majority of their employees. Senior […]

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How defense firms with a major presence in Arizona are helping Israel 

As threats of missile attacks persist, Israel is employing cutting-edge technology and sophisticated equipment for its defense. Among these are technologies developed by defense firms operating in Arizona, highlighting the state’s pivotal defense industry.  Arrow  The Arrow system stands out as a premier air defense mechanism against long-range ballistic threats. This high-altitude system is engineered

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State Legislature returns to Capitol Wednesday with budget and agency continuations on to-do list

With regular committee hearings now wrapped up for the legislative session, the state Legislature returns to the Capitol Wednesday under a one-day-a-week schedule.  The House and Senate will conduct floor sessions to determine the fate of bills that have made their way through the committee process in both chambers, deciding whether to send them to

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American manufacturing booms, but talent shortage brews

A new report jointly released by The Manufacturing Institute, the 501(c)3 nonprofit workforce development and education affiliate of the National Association of Manufacturers, and Deloitte, a top global consulting firm, highlights manufacturers’ concern that there is a shortage of potential candidates applying for critical jobs in the industry.  Analyzing data made available by the U.S.

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Hydrogen producers warn against new guidance on 45V tax credit

Hydrogen energy producers are sounding the alarm after the federal government released new guidance on the implementation of the 45V tax credit. The credit, created in 2022 following the passage of the Inflation Reduction Act (IRA), incentivizes the production of hydrogen by reducing the tax burden on eligible producers.  The credit was crafted and signed

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Business groups urge Senate action on federal tax bill, but chances appear bleak

The House on January 31 passed the Tax Relief For American Families And Workers Act, 357-70. Despite its broad, bipartisan support, the bill to extend and enhance several elements of the tax code, many of which are important to America’s businesses, is stalled in the Senate, prompting a call for action from national business groups like

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Arizona House committee votes to extend Arizona Commerce Authority for additional five years

The state House of Representatives Appropriations Committee on Monday voted to extend the Arizona Commerce Authority for an additional five years, marking a pivotal moment in the ongoing legislative efforts to ensure the state’s lead economic development agency can continue its successful efforts to attract jobs to the state. Last month, the same committee approved

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Business community and legislative leaders file legal challenge to new EPA rule

The Arizona Chamber of Commerce & Industry joined state Senate President Warren Petersen and House Speaker Ben Toma in filing a petition Monday in the United States Court of Appeals to contest the Environmental Protection Agency’s recent regulation regarding fine particulate matter, or PM2.5.  Their argument asserts that the regulation “exceeds the agency’s statutory authority

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