Business Plan Executive Summary
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The ACA will work to achieve three aggressive goals: Create New Business in Arizona: • Create 75,000 Higher-Wage Jobs 2.5 Times More Than the Previous 5 Years • Increase Average Wages of Total Jobs by 50 by 2017 • Catalyze 6 Billion in Long-Term Capital Investment, an Increase of 1 Billion From the Previous 5 Years By supporting entrepreneurship and the creation of new businesses in Arizona, the ACA will promote the state’s position as a hub of innovation.. The ACA targets industries that: • Grow in output and employment throughout the economic cycle • Create high-wage jobs • Provide a competitive advantage for Arizona and U.S. companies • Generate significant exports and encourage capital in-flows • Have strong supply chains and robust multiplier effects • Generate research and development (R D) funding and • Generate greater tax revenues that support public services.. The ACA is governed by a Board of Directors, led by a President and CEO, and works closely with industry and sector experts as well as external agencies and partners Holistic Approach – The Value of Strategic Partnerships To execute its strategies and achieve its goals, the ACA will work closely with its partners, including the various regional and local economic development organizations, universities, science and technology organizations such as Science Foundation Arizona, leadership groups such as Greater Phoenix Leadership, Flagstaff Forty, Southern Arizona Leadership Council and others, Chambers of Commerce at local and regional levels, and industry trade associations such as the Arizona Small Business Association, AZBio and Arizona Technology Council..
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