Over 700,000 jobs are expected to be created in Arizona in the next decade, according to a new report from the Arizona Office of Economic Opportunity (OEO).
According to the OEO report, Arizona employment is projected to increase from 3,030,216 jobs in 2020 to 3,751,905 jobs in 2030. This translates to growth of 721,689 jobs, or 2.2 percent annualized growth.
Arizona’s job growth rate will beat out—by more than 3 times—the expected overall U.S. growth rate over the same period. U.S. employment is projected to grow by 0.7 percent annually from 2020, compared to 2.2 percent in Arizona.
The largest job gains are anticipated in the Education and Health Services (23,906 jobs annually) and Professional and Business Services sector. The Education and Health Services and Construction sectors are expected to see the fastest job growth rates at 3.2 percent and 2.7 percent annualized growth respectively. The report predicts job growth in all 15 counties and all sectors excluding government.
According to a recent story, Arizona is recovering jobs lost during the pandemic faster than most other states, with the third-fastest jobs recovery in the nation. This comes on top of forecast-beating revenue collections reported by JLBC, another sign of economic strength. In addition, personal income in Arizona rose last year at a rate faster than nearly any state in the country.
Over the previous decade, Arizona employment increased by 492,645 jobs, or 1.8 percent annual change, to 3,030,216 jobs in 2020 from 2,537,571 jobs in 2010.
Arizona is leading on economic and workforce development programs. Major companies including Intel, Taiwan Semiconductor Manufacturing Company (TSMC) and Lucid Motors have selected Arizona to build and expand their operations. Arizona has emerged as the number one place for new semiconductor investments and was recently dubbed by Forbes as “U.S. Semiconductor Central.”
Governor Doug Ducey ordered flags at all state buildings be lowered to half-staff from sunrise to sunset Friday, November 12, 2021, to honor Maricopa County Sheriff’s Lieutenant Chad Brackman who died on Wednesday when he was struck by a vehicle.
Lieutenant Brackman, a 22-year veteran of the Sheriff’s Office, was struck by a vehicle while conducting traffic control in Scottsdale. He was taken to the hospital where he later succumbed to his injuries. He is survived by his wife and children.
“Arizona is saddened by this terrible tragedy,” said Ducey. “Lieutenant Chad Brackman served his communities and our state honorably, and he had a deep devotion to public safety throughout his 22 years of service. My thoughts and prayers are with his family and loved ones, along with the Maricopa County Sheriff’s Office and the entire law enforcement community. In honor of Lieutenant Brackman’s life and service, I have ordered all flags to be lowered to half-staff.”
Governor Doug Ducey is committing an additional $5 million to help Arizona small businesses recover from the economic consequences of the pandemic and extreme weather conditions.
Governor Ducey launched the Back to Work Small Business Rehiring and Retention Program in August and has invested a total of $10 million in the program to support small, locally-owned businesses. Recipients of the first round of funding have been identified and distribution of funds has begun. Today’s additional funding from the Governor will fulfill outstanding requests from applicants.
“Small businesses are the backbone of Arizona’s economy, and we’re dedicated to helping them fully recover,” said Governor Ducey. “I’m optimistic today’s additional investment will help small businesses around the state bounce back from the countless challenges of this past year and build for the future. I thank the small business community for their resilience and their continued efforts to help Arizona emerge out of the pandemic stronger than ever.”
This year, wildfires, storms and flooding impacted small businesses’ operations and employment opportunities. The Small Business Rehiring and Retention Program is designed to assist small, locally owned or operated businesses hire and retain employees and continue to recover from the effects of the pandemic and extreme weather conditions, like wildfires and flooding.
The Arizona Center for the Blind and Visually Impaired is a recipient of the first round of funding. The Center works with clients to help them achieve independence and develop the skills needed to go to work, go to school and actively participate in society.
“Our team is thrilled to receive funding that will help us continue to support and empower Arizonans experiencing vision loss,” said Steve Tepper, executive director of the Arizona Center for the Blind and Visually Impaired and member of the Governor’s Council on Blindness and Visual Impairment. “Visually impaired individuals and their loved ones deserve to have access to effective resources and programs — and our incredible staff makes sure they get the help they need. My thanks goes to Governor Ducey for supporting the Arizona Center for the Blind and Visually Impaired and our efforts to help those with vision loss achieve their full potential.”
The program will fund up to $10,000 in expenditures for employee hiring/signing bonuses, relocation bonuses for employees that are moving to take an open position, and employee retention bonuses.
An Arizona business must meet certain eligibility requirements to receive funding. A business must be: owned and operated in the state of Arizona; incorporated before January 1, 2020; rent or lease a physical location in Arizona; and have between five and 25 total employees that work at the physical location. Eligible businesses in areas impacted by wildfires or floods may have up to 50 employees.
The Small Business Rehiring and Retention Program is a component of Governor Ducey’s “Arizona Back to Work” plan, which supports Arizonans getting back to work and filling the thousands of jobs available across the state.
By AZ Free News |
Governor Doug Ducey today announced the appointment of Angela K. Paton to fill a vacancy on the Arizona Court of Appeals, Division I. The vacancy on the Court of Appeals was created by the retirement of Judge Lawrence F. Winthrop, who was named to the Court in 2002.
“Angela’s extensive experience in the public sector, commitment to her community, and profound respect for the separation of powers prepare her to serve the people of Arizona,” said Governor Ducey. “I am pleased to appoint her to the Arizona Court of Appeals.”
Paton has spent the majority of her career at the Arizona Attorney General’s Office. Currently, she is a Special Assistant Attorney General, in which she is responsible for providing legal counsel and policy advice to the Attorney General’s Office’s six divisions.
Prior to her current position, she served as Assistant Solicitor General from 2017 to 2019. In this role, she was the Ethics Counsel, advising about ethics issues in her office, and the Opinions Counsel, drafting legal opinions on questions of statewide importance requested by public officials. She began her career as an Assistant Attorney General in the Criminal Appeals Section from 2010 to 2013. In 2011, she received the Attorney General’s Office’s Emerging Star Award.
Before rejoining the Attorney General’s Office, Paton worked as a policy advisor to Commissioner Bob Burns at the Arizona Corporation Commission from 2013 to 2017. There she handled complex utility regulation and constitutional law matters.
Paton is returning to the Court that she clerked for after law school. After graduating from law school, she clerked for Arizona Court of Appeals Judge Patrick Irvine.
By AZ Free News |
Credit unions in Arizona have joined the Arizona Treasurer’s Office in opposition to a proposal requiring financial institutions to give the Internal Revenue Service (IRS) citizens’ personal account information if the account exceeds $600 of deposits or withdrawals. In a letter, they urged Senator Kyrsten Sinema and Senator Mark Kelly to oppose this measure being considered in Congress as part of the $3.5 trillion budget reconciliation bill. This proposal would threaten the financial security of more than 100 million Americans from all demographics.
“Being forced to hand over your personal household or small business financial records to the government as a law-abiding citizen is as intrusive as it gets. There are no guardrails in the bill for how the government can leverage this highly private information,” said Arizona Treasurer Kimberly Yee. “As Arizona’s Chief Banking and Investment Officer, I cannot stay silent while Arizonan’s sensitive financial data is at risk of unprecedented government surveillance.”
“There is simply no scenario in which this is a good idea for credit union members, or customers at any financial institution for that matter,” said Scott Earl, President and CEO of Mountain West Credit Union Association. “Between the exposure risk of data privacy, and the
significant resources and associated costs that would need be required to comply with this measure, it is a bad idea all around.”
The letter states, “As State Treasurer and credit unions in Arizona, we join with the many voices and groups from across the nation who strongly oppose this intrusive proposal.
Congress should not approve the IRS to have access to law-abiding Arizonan’s personal financial transactions in a blatant attempt to tax them unnecessarily.”