NEWS FROM THE ARIZONA DEPARTMENT OF COMMERCE

Your source for community and economic development services and resources

Volume 2, Issue 1 (January 23, 2000) http://www.azcommerce.com

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This free, periodic newsletter contains the latest news & information from the Arizona Department of Commerce (ADOC), the State’s community and economic development authority. You received this newsletter because you have a voice in community and economic development issues or have subscribed to it. Subscription Information is at the end of this issue.

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IN THIS ISSUE:

• CEDC Funds 13 New Economy Initiatives
• Arizona Republic series on Arizona and the New Economy
• Location Filming boosts economies throughout Arizona
• ADOC approves Enterprise Zone (EZ) renewals/expansion
• Office of Housing & Community Development Annual Report online
• 2001 County Wage Minimums set for EZ Tax Credits
• News & Info on Collaboration between Europe and Arizona
• Program Spotlight: Rural Economic Development Initiative (REDI)
• Upcoming ADOC events

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CEDC FUNDS 13 NEW ECONOMY INITIATIVES

Various initiatives supporting Arizona’s GSPED clusters and foundations have received $450,000 in grants from the Commerce and Economic Development Commission as well as $100,000 in funds appropriated by the Legislature.

Read about the grant awards:

http://www.azcommerce.com/press_releases/CEDC%20GRANTS.htm Read about GSPED clusters and foundations:

http://www.azcommerce.com/gsped.htm

ARIZONA REPUBLIC SERIES ON ARIZONA AND THE NEW ECONOMY

Nationally-acclaimed authors Neil Peirce and Curtis Johnson of the

CitiStates Group have written a 4-part series for the Arizona Partnership

for the New Economy (APNE) - get them all online at:

http://www.azcommerce.com/neweconomy/APNE.htm

LOCATION FILMING BOOSTS ECONOMIES THROUGHOUT ARIZONA

Five major films (Planet of the Apes, Evolution, Groom Lake, View From The

Top and Aftermath) have recently completed filming on location throughout

Arizona. Production companies spend close to $25,000 per day - a direct

boost to local economies.

ADOC APPROVES ENTERPRISE ZONES

Enterprise Zone renewals and an expansion have been approved for 2001.

Tucson, South Tucson, Tempe, and Benson as well as Pinal County are

affected.

http://www.azcommerce.com/press_releases/ApprovesEZone.htm

OFFICE OF HOUSING & COMMUNITY DEVELOPMENT ANNUAL REPORT ONLINE ADOC’s Housing & Community Development programs made a total estimated economic contribution of $612.5 million to Arizona’s economy in FY 2000.

More than 9900 jobs resulted from construction projects facilitated by these

programs.

http://www.azcommerce.com/housing/HCIDap.pdf

2001 COUNTY WAGE MINIMUMS SET FOR EZ TAX CREDITS

New county minimum wage standards used in applying for Enterprise Zone tax

credits have been announced for 2001.

http://www.azcommerce.com/press_releases/Wages.htm

NEWS & INFO ON COLLABORATION BETWEEN EUROPE AND ARIZONA

Globalism is here to stay! Current edition of "Arizona News" covers European

exhibition and business development opportunities at upcoming trade missions

focused on aerospace and biotech. ADOC International Trade reps assist

companies with matchmaking opportunities.

http://www.azcommerce.com/itrade/ArizonaNews1.pdf

PROGRAM SPOTLIGHT: RURAL ECONOMIC DEVELOPMENT INITIATIVE (REDI)

This ADOC Community Development program provides technical and grant

assistance to rural communities organizing an economic development program

or effort. REDI helps communities become more attractive for capital

investment and industrial and business locations while preserving and

maintaining existing business and industry.

http://www.azcommerce.com/commasst2/redi.htm

UPCOMING ADOC EVENTS

Visit http://www.azcommerce.com/webcal/default.asp for details on these events:

JANUARY

30 Yokohama Business Forum-Phoenix Network Luncheon

FEBRUARY

7-9 JETRO Health Care 2001 Trade Show

9-15 Trade Mission to Sri Lanka & the Maldives

13 Governor’s Council on Workforce Development Policy Meeting

15 Low Income Housing Tax Credit Underwriting Workshop

15 Business Opportunities in Malaysia Seminar

16 Agriculture Export Readiness Seminar

26-March 1 Trade Mission to China

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© 2001 by the Arizona Department of Commerce.

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