By Matthew Holloway |
The Arizona Chamber of Commerce & Industry and the Goldwater Institute hosted a delegation of Missouri policymakers in Phoenix to discuss economic competitiveness, innovation, and pro-growth policy, according to a joint release.
The meeting focused on Arizona’s approach to building a competitive environment for emerging industries and long-term economic growth.
The discussion followed the Chamber’s recent launch of its AZ AI Leadership Initiative, which aims to strengthen Arizona’s position in emerging technologies and the broader digital economy.
Arizona has seen rapid expansion in AI and data center infrastructure, driven by growing demand for computing power and cloud services. Major investments from companies such as Taiwan Semiconductor Manufacturing Company (TSMC), which is constructing advanced semiconductor fabrication facilities in Phoenix, along with large-scale data center developments by Google and Meta Platforms in Mesa, and Amazon Web Services in Goodyear, have helped position the state as an emerging hub for both semiconductor production and AI-related computing capacity.
Participants included legislative leaders, policy experts, and representatives from the Arizona Commerce Authority, who shared insights into the state’s policy framework and economic development strategies.
“Arizona’s growth didn’t happen by accident,” said Courtney Coolidge, executive vice president of the Arizona Chamber of Commerce & Industry. “It reflects deliberate policy choices that prioritize certainty, competitiveness, and a regulatory environment where businesses can invest, innovate, and scale.”
Arizona lawmakers participating in the meeting included House Speaker Steve Montenegro (R-LD29), Majority Leader Michael Carbone (R-LD25), Rep. Jeff Weninger (R-LD13), Rep. Justin Wilmeth (R-LD2), chair of the House Artificial Intelligence and Innovation Committee, Senate President Pro Tempore T.J. Shope (R-LD16), and Senate Majority Whip Frank Carroll (R-LD28).
“Arizona has made a conscious decision to lead on innovation rather than wait for other states to set the pace,” Montenegro said. “That kind of alignment and forward-looking policy environment allows industries to grow and scale here.”
Lawmakers and policy leaders highlighted sectors including advanced manufacturing, semiconductors, aerospace, autonomous systems, and emerging technologies as areas where Arizona has seen sustained growth.
“Arizona’s success in attracting major investment is tied directly to our focus on advanced manufacturing, infrastructure, and supply chain strength,” Carbone said.
Weninger pointed to Arizona’s regulatory and tax structure as a factor in business investment.
“Companies are looking for certainty,” Weninger said. “Arizona’s predictable regulatory environment and competitive tax structure give businesses the confidence to invest and expand.”
Participants also discussed the role of infrastructure, water policy, and land use in supporting statewide growth. “We’ve been intentional about making sure economic development isn’t concentrated in one region,” Shope said.
Carroll said Arizona’s approach to economic development has positioned the state for continued expansion, particularly in emerging industries.
Wilmeth emphasized the importance of flexibility in regulating new technologies. “We’ve taken a thoughtful approach to emerging technologies by avoiding premature regulation,” he said.
Victor Riches, president and CEO of the Goldwater Institute, said policy certainty and deregulation remain key factors in supporting innovation.
“As emerging technologies continue to reshape industries, policy certainty and deregulation matter more than ever,” Riches said. “Arizona needs to ensure an environment where innovation can move forward.”
The Missouri delegation included state senators and policy advisors, including Sen. Travis Fitzwater, Sen. Maggie Nurrenbern, Sen. Karla May, Sen. Barbara Anne Washington, Sen. Jamie Burger, policy advisor to Gov. Mike Kehoe, Johnathan Shifflett, and representatives from the Missouri Chamber of Commerce, Karen Buschmann, and Jared Hankinson.
The meeting explored how elements of Arizona’s economic policy framework could be adapted in other states and how interstate collaboration could support broader economic growth.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
