Arizona Competes Fund deal-closing grant
A negotiated grant for attracting, expanding or retaining an Arizona basic enterprise. The statute tells the CEO to prefer job training and infrastructure that create private sector jobs. It is not a standing training reimbursement program.
Set deal by deal. Part may be withheld until performance targets are met, and the grant must be repaid if targets are missed.
The employer receives the grant under a negotiated agreement with the Arizona Commerce Authority.
- Qualify as an Arizona basic industry
- Pay compensation above 100% of the county median wage on average
- Pay at least 65% of employee health insurance premium or membership cost
- Show by independent third-party analysis that state tax and fee revenue will exceed state incentives
- Owe no delinquent taxes in Arizona