Friday, August 14, 2009

Economic development groups turn up the heat on recruitment of solar companies to AZ

Phoenix Business Journal - by Patrick O'Grady

Solar recruitment is hitting a new high as local officials promote recently passed incentives to lure more businesses to Arizona and a burgeoning cottage industry forms in the state.

Hot on the heels of the passage of Arizona Senate Bill 1403, which will offer incentives for the renewable energy industry based on their ability to provide high-wage jobs, economic developers from several cities hit the Intersolar North America trade show two weeks ago with representatives from the Greater Phoenix Economic Council.

Held in San Francisco, the show attracted more than 400 exhibitors and thousands of people involved in the industry.

The new incentives made a quick difference, said Christine Mackay, economic developer for the city of Chandler, who was part of the contingent that went to Intersolar.

“It makes us highly competitive,” she said. “The program isn’t as lucrative as the Oregon one, but when you factor in all the other variables ... it makes us very competitive.”

Oregon offers up to a 50 percent tax credit for companies setting up shop in the state, to a maximum of $20 million. California, Colorado and other states, while not offering as large an incentive, make concessions in tax rates to recruit green companies. More here.

No comments: