Q1 Arizona Economic Insights Findings Released, Likely Higher Risks Seen or Q2
The Greater Phoenix Chamber and BOK Financial have released the First Quarter Arizona Economic Insights Dashboard findings. This enhanced tool provides access to real-time, interactive data updates on Arizona’s ever-changing economic landscape. The public can access detailed insights into key indicators such as unemployment, GDP, job projections, population changes, average income, educational attainment, housing data, and more.
READ THE REPORT
Hobbs signs ‘Ag-to-Urban’ bill, paves way for new water management
Legislation designed to save huge amounts of water by allowing farmers across central Arizona to sell their land and associated groundwater rights to developers was signed into law on June 30 by Gov. Katie Hobbs.
The Democrat said the legislation will preserve the state’s limited supply of groundwater while allowing growth to continue, create jobs, and help lower the price of new homes.
Senate Bill 1611 was prompted by a moratorium on issuing new certificates of 100-year assured water supplies to builders. That initiative was imposed in 2023 over the Pinal and Phoenix “active management areas.” It didn’t bar new buildings if the area was served by an existing water supplier.
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ACC Corporations Division Announces New Policies Aimed at Preventing Business Filing Fraud
The Arizona Corporation Commission voted unanimously on May 8, 2025, to implement policies to help deter business fraud and to help protect business owners from unauthorized filings. The Commission voted to implement the following policies:
- Policy 1: Requiring two forms of ID when filing on behalf of a business.
- Policy 2: Signing Authority Form, which allows LLC owners to designate who specifically can sign on behalf of their business.
- Policy 3: LLC Attestation of Existence, which requires LLCs to periodically attest to their continued existence and activity.
- Policy 4: The public can file Annual Reports and Certificates of Disclosure using their own forms, provided they meet statutory requirements.
While continuing to refine and streamline processes to make it easier for entrepreneurs and business owners to register and file on behalf of their businesses, the Corporations Division has identified specific and limited policies that would be most impactful in improving overall customer experience while helping to deter fraudulent filings, in the least intrusive and burdensome ways.
The "One Big Beautiful Bill Act"
Want to know what the bill includes?
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READ THE SUMMARIES OF EACH TITLE
READ THE SUMMARY OF CHANGES
Flat Tax & State Budget Facts & Fictions
Arizona's 2.5% flat tax is doing exactly what it was designed to do: grow our economy, attract investment, and put more money in the pockets of working families.
A new report from the Common Sense Institute Arizona pushes back on the idea that our flat personal income tax caused the state's $1.6 billion budget shortfall. The real issue? Unchecked spending.
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Arizona Jobs are Slowing Down Again
Arizona lost 3,500 jobs in May—ranking 46th in the nation for monthly job growth. Though year-over-year job growth remains positive at 0.77%, the state underperformed compared to national trends, and recent momentum has slowed sharply.
→ Arizona shed 3,500 jobs in May (–0.11%), the 6th worst monthly performance in the U.S.
→ If sustained, that decline would translate to an annual job loss of 1.3%.
Year-over-Year Job Growth Still Positive
→ Arizona added 25,100 jobs over the last 12 months (+0.77%)
→ Growth remains below the national average (1.1%) and well below Arizona’s pace in recent years
→ Arizona has now logged only two months of positive year-over-year job growth in 2025
Manufacturing Continues to Decline
→ Arizona lost 4,200 manufacturing jobs over the last year (–2.1%)
→ Part of a broader national slowdown, with 34 states losing manufacturing jobs year-over-year
Education and Health Services Lead Growth
→ This sector added 24,700 jobs in the past year (+4.6%)
→ Now makes up over 17% of all jobs in Arizona, the highest on record
Labor Force Gaps Persist
→ Arizona’s labor force participation dropped slightly to 61.4%
→ The state has 223,100 fewer workers than it would have had under its pre-pandemic growth trend
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STATE BUDGET WAS PASSED
See what is in the state budget
BUDGET BILL AS INTRODUCED
Governor Clears desk of all bills for the session
Bill Introduced
Bills Vetoed
EVCCA Legislative Report June 13, 2025
Center for the Future of Arizona
VIEW THEIR ANNUAL REPORT
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