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City Economic Development Advisory Boards Benchmark

By Donna Joy / January 1, 2023

What type of policy do other Cities and Towns in Arizona for Economic Development Advisory Boards?
Are there any laws in Arizona for Cities & Town Economic Development?

State Law: Economic Development A.R.S. § 9-500.11

Arizona Cities or Towns
Expenditures for economic development; definitions A.R.S. § 9-500.11
Economic development under State Law is requires “improve or enhance the economic welfare of the inhabitants of the city or town.”

Economic development under State Law is requires “improve or enhance the economic welfare of the inhabitants of the city or town.”

2. “Expenditure” includes any waiver, exemption, deduction, credit, rebate, discount, deferral or other abatement or reduction of the normal municipal tax liability that otherwise applies to similar existing business entities and properties in that city or town, however denominated, computed or applied, and that is generally understood as an inducement to locate a business facility or other operation in the city or town.