The Arizona Commerce Authority has launched its next five-year business plan following a vote of approval by the ACA Board of Directors. The plan, titled “Leveraging Next-Gen Trends to Grow Arizona’s Economy,” outlines five aggressive new goals for the organization:
Job creation: Lead efforts to create 80,000 projected new jobs with a focus on high-wage target industries.
Wage growth: Increase the average wage of the jobs created to 150 percent of the state’s 2017 median average.
Capital investment: Attract $7 billion in capital investment to Arizona.
Increased exports: Expand export revenues across target industries by 25 percent.
Entrepreneurial vitality: Elevate Arizona to a top-five state as measured by entrepreneurial density, funding and connectivity.
The ACA is building upon its first five-year plan by adding the two new goals for growing exports and enhancing entrepreneurial vitality—both important factors in strengthening Arizona’s economy. The plan also places a strong emphasis on 10 next-gen technology trends in areas where Arizona is well-positioned to establish a leadership role.
View the ACA website at azcommerce.com/about-us/business-plan.