Today, Arizona has a real opportunity to initiate this cumulative process of development. One can already witness the forces that economic theory describes at work in certain parts of the state. Arizona will undoubtedly be a hub of solar power generation, with the world’s largest generation plant being developed in Gila Bend by the Spanish company Abengoa. Further, Arizona will also be the home of consumption of solar power. However, the element Arizona is missing is the high-tech manufacturing facilities needed to make the panels to conduct solar power. Within the solar industry chain, these facilities yield the most economic benefit to a state. Unfortunately, these companies are passing Arizona by because they are not able to make the business case, even though the product will undoubtedly be used in the state. Making this clear is the fact that those supplying the products needed for the plant in Gila Bend are located in New Mexico. 
 

Other states, particularly in the West, are aggressively recruiting companies by developing programs to attract these investments. Before Arizona can compete on an equal footing with other states, and become a global leader in solar energy, it must enact an industry-friendly tax policy.
 

This report explores an economic policy that can ensure that companies don’t pass on Arizona, one that will benefit both the companies and the state without significantly forfeiting tax revenues.
 

The Quality Jobs Through Renewable Industries will help Arizona attract the dozens of companies that will seek site locations in the next 12-18 months. If Arizona can win these companies, they will bring thousands of jobs and billions of investment dollars to the state while building additional wealth through their economic output.