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Message of the Week

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Message of the Week

Dear friends,

This Friday will be the 37th anniversary of the Apollo 11 mission. Americans walked on the moon because somebody looked up into the skies and said, "How far can we go?"

Many Arizonans join me in asking that same question: "How far can we go?" Our state is on the brink of new science and new discoveries. We don't need to look to the stars to find new places to explore; discovery can happen right here at home.

My Council on Innovation and Technology (GCIT), established in 2003, is one answer to that question. This Council, a representation of experienced and knowledgeable business and industry leaders, is charged with developing new strategies that propel Arizona's competitiveness in the 21st century. I am pleased with their progress to date, and the pivotal leadership role they are playing in moving Arizona's economy forward.

One recommendation by GCIT is the Angel Investment Tax Credit. This tax credit is designed to accelerate the state's bioscience and technology development potential and bring innovative products to market. It is one of many things we are doing to grow Arizona's economy.

On July 1, 2006, the Angel Investment Tax Credit was launched and encourages investment in Arizona's small businesses. This program makes available $20 million worth of tax credits to investors providing capital to small businesses in the state. Small businesses are an important part of Arizona's growing economy; and the ability to be in Arizona and have a business is a draw that brings many to our state. For more information on this and other GCIT programs, you can visit GCIT's website at www.gcit.az.gov.

The world is constantly changing and it's important that Arizona - and the way that we do business - follows suit. As we embrace new ideas and new industries we can grow Arizona's economy. A strong economy in Arizona is good for everybody, from small business owners to Arizona's most recent graduates to new members of Arizona's family entering the workforce.

As always, I appreciate your input, and encourage you to call my office at 602.542.1318 if you have questions or thoughts to share. Or, please visit our website at http://www.azgovernor.gov for information and news in state government.

Yours very truly,

Janet Napolitano
Governor

http://azgovernor.gov/dms/upload/MOTW_072006.html

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