Incentives

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GOODYEAR IS GEARED FOR GROWTH WITH INCENTIVES

 

Foreign Trade Zones

#1 in Metro Phoenix - Goodyear has the most Foreign Trade Zones.

Foreign Trade Zones (FTZs) present exceptional opportunities to grow your business in Goodyear. FTZs are areas designated to facilitate and encourage international commerce with opportunities to reduce your cost of operations.

Learn more:
Benefits within a FTZ
Four ways to qualify for city FTZ support 
Download our FTZ Brochure

 

Military Reuse Zone

Save Property Taxes! Reduce State Income Tax Liability! Reduce Construction Sales Tax!

The Arizona legislature established the Military Reuse Zone (MRZ) Program to lessen the impact of military base closures. The program achieves this goal by providing tax incentives to aviation or aerospace companies, insurers, and airport authorities located within a MRZ. In 2002, the former U. S. Naval Air Facility in Goodyear, now known as Phoenix-Goodyear Airport, was designated as an MRZ. Included in the zone are available buildings for lease, private property for development, and more than 300 acres on the airport for land lease opportunities. 

Learn more on how Goodyear's MRZ will benefit your business.

 

Goodyear’s Enhanced Customer Experience

Goodyear provides faster turnaround times and the customer friendly experience that Goodyear is known for. All of the Development Services departments divisions work together as one team to guide you through the process of your project every step of the way. We know that your time is valuable and we are here to help. We offer great amenities such as “building safety permits by e-mail”, “engineering electronic plan reviews” and “tracking permits online”.  No more driving down to the city or waiting in line thanks to these great programs!  Likewise, we also offer “over the counter” business permits. The less time you spend with us, the more time you have to focus on your business or project!  Learn more about Development Services.

 

Quality Jobs Tax Credit Program

The program provides tax credits to employers creating a minimum number of net new quality jobs and making a minimum capital investment in Arizona. Job Training Grants Receive grants to reimburse you up to 75% of eligible training expenses for creating new jobs.

 

Qualified Facility Tax Credit

Eligible companies that expand or establish manufacturing or manufacturing related facilities receive a tax credit.

 

Sales Tax Exemption for Machinery and Equipment

A sales tax exemption for machinery and equipment used in manufacturing, producing/transmitting electrical power or research and development.

 

Computer Data Center Tax Exemptions

Create or operate a computer data center and Arizona will provide tax exemptions for elated equipment purchases at the state, county, and local levels.

 

Research & Development Tax Credit

Companies that increase research and development activities may be given a tax credit.

 

Renewable Energy Tax Credits

Wind, solar, geothermal and other renewable energy business investments are encouraged with income tax credits and reductions on real and personal property taxes.

 

Commercial/Industrial Solar Energy Income Tax Credit

Provides a state income tax credit for the installation of solar energy devices in facilities that operate in Arizona.

 

Small Business Innovation Research & Technology Transfer Grants

Encourages R&D innovation through grant incentives as well as grants for public/private sector R&D innovation partnerships.

 

Arizona Competitive Package

Encourages new capital investments through accelerated depreciation schedules by reducing property taxes.

 

Government Property Lease Excise Tax

Established as a redevelopment tool to initiate development by reducing a project's operating costs by replacing the real property tax with an excise tax. Under the state statute an excise tax is established for the building type of use and is calculated on the gross square footage of building. The use of the excise tax cannot continue for more than twenty five years and requires that the land and improvements conveyed to a government entity and leased back for private use. The excise tax rate can be abated for the first eight years after a certificate of occupancy on the building is issued if the property is located within a Central Business District and a Redevelopment Area.

 

For a complete list of business incentives, eligibility, and legal requirements or to apply for programs please visit the Arizona Commerce Authority.

Have a question? Call (623) 932-3025

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