Tax-incentives bill needed to sustain Ariz. economy
Arizona’s economy is stagnant. The Valley of the Sun has over 80 million square feet of vacant commercial real estate, according to a January 2010 article in The Arizona Republic. While the rest of the United States is slowly coming out of the Great Recession by growing new industries and adapting to the economic shift, the rate for vacant buildings is the only thing growing in Arizona. A simple hour and a half trip on the light rail has turned into a tour of the Valley’s best “For Lease” signs.