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- All Subjects: Economic development
- All Subjects: Child care services
- Creators: Arizona Indicators (Project)
For decades, Arizona was one of the national leaders in aggregate economic growth, as measured by the percent change in measures such as gross product and employment. However, its growth rate always has been highly cyclical. During expansionary periods, Arizona always has been among the top states on the rate of growth. During recessions, the Arizona economy generally slumped at a rate similar to the national average, but would experience a rapid recovery. This pattern continued through the economic expansion of the mid-2000s.
Arizona faces some big challenges if it is to compete regionally, nationally and globally for the cutting-edge jobs that will help determine our economic future. As hard as state and community leaders are working, the report suggests that Arizona needs even more participation in economic development leadership, more collaboration among economic development groups and a greater sense of urgency. This report identifies a number of important issues that are key to advancing economic development in Arizona.
Governor Jan Brewer signed into law the Fiscal 2012 budget that eliminates all child care subsidies in Arizona. While the full impact of that action won’t be felt for weeks and months after the law takes effect July 1, Budget Trax has measured what sharply reduced funding in recent years has meant to working parents, children and businesses, as well as to the potential impact to matching federal funding.