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The entrepreneurial industry is experiencing dramatic growth in Arizona representing opportunities for job advancement and progression of the state’s technology sector. APS has the opportunity to significantly advance this ecosystem by supporting strategies, projects and programs that can move the needle for entrepreneurship and ultimately economic development competitiveness within Arizona.​​​
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state support
The promotion of entrepreneurship is a state-wide endeavor. As such, additional tools are available to assist in the growth and expansion of the start-up community.
Angel Tax Credit​
Eliminates Arizona capital gains tax liabilities associated with investments in small businesses.

Arizona Innovation Accelerator Fund​
$18.2 million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses.

Arizona Innovation Challenge​
$3 million awarded annually to the most promising technology ventures to help promote and fund Arizona innovation.

AZ Fast Grants​
Up to $5000 grant to pay for consulting services to advance Arizona-based technology companies.

​AZ State Trade and Export Promotion Program (STEP)
Export assistance grant for small businesses as they export products.

​SBIR & STTR Training Program
Prepares business owners to write compelling grant applications with development workshops, structured mentoring and follow-up guidance from business experts. SBIR (Small Business Innovation Research) and STTR (Small Business Technology Transfer) are competitive awards-based programs that finance small businesses hoping to commercialize their technology innovations.
incubators, accelerators and events
​​​There are several professional organizations in the state focused on growing local businesses by providing entrepreneurial support activities such as education and business consulting.

Currently, Arizona has 28 incubators/accelerators, 41 co-working spaces and 26 university-specific resources assisting in the growth of local businesses – and these numbers are growing. These organization work with the entrepreneur to grow a business idea or concept into a successful go-to-market strategy that enables them to become profitable, hire employees and assume commercial real estate space.

As APS continues to focus on attracting and growing business within Arizona it is essential to support of the entrepreneurial community as a means to diversify and promote a healthy economy.

The following is an example of some of the organizations and events that APS supports: