Arizona has  always been at the rear when competing for opportunity in the technological market. This can be attributed to a lack of reinforcing infrastructure across the board, primarily the lack of investors. Without any investors or any means of stabalizing or staving off revenue loss, start-up companies fall short and often end in failure. Without start-up companies to work with, invest in, and make a profit from there is little incentive for these investors to shift their focus to Arizona. As a result, Arizona’s technological industry has not seen enough significant growth.

This has changed in recent years however. With the increase in education for technological fields and the influx of tech companies, Arizona is looking at a major shift. However potential investors and those with capital to back up start-up companies have not risen at the same rate. For the technological and economic growth in Arizona to be stimulated we must implement new tools and methods to attract investors and strengthen tax incentives.

One such example is the Angel Investor tax credit program, which allows investors to put forward more money to more businesses. With this tool, Arizona can attract more investors to fund start-up companies, and gives the businesses and investors a more efficient system through which profit increases. The impact is substantial, created a total growth of about $1.3 billion  for Arizona. Continuing to incentivise investors and start-up companies while maintaining a proper set of regulations would allow Arizona to grow closer to the forefront of American technological innovation.

If Arizona continues to create a more efficient way to access the technology market, we may just see the next silicon valley. We can only hope that with all this new growth and the creation of new opportunities we will not have to see the types of hyper inflation seen in other major technological hubs in the United States. With proper regulation, people in Arizona will be living in a more prosperous state.