Innovation Park is situated in the heart of a growing region, the Town of Oro Valley, rated one of America’s best cities which is northwest of Metro Tucson that is noted for of variety of life Bioscience disciplines. The Oro Valley area is a product of “organic” growth stemming from a variety of resources fostering recognition as an exceptional place to live and work. This area is experiencing continued residential growth and offers some of the strongest household incomes in Metro Tucson
Site Features and Characteristics
Corporate Neighbors in Innovation Park
Oro Valley Primary Employer Incentive Program
This program aims to encourage the expansion of existing businesses and also to attracting new primary employers to the Town. New capital investment revenues may be reimbursed to qualified primary employers for allowable expenses based upon the economic impact of their project and business to the Town of Oro Valley.
The Work Opportunity Tax Credit (WOTC)
This program provides a federal tax credit available to employers for hiring individuals
from certain targeted groups who have consistently faced significant barriers to employment. The program was created under a provision of The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act)
Foreign Trade Zone Opportunity:
Property can be designated and activated as Foreign Trade Zone (FTZ). This allows companies to reduce costs from customs duties, taxes, and tariffs, improve global market competitiveness, and minimize bureaucratic regulations. Sun Corridor Inc. is the administrator of FTZ #174 and can provide additional information on how to best utilize this incentive.
Arizona Commerce Authority (ACA)
ACA offers several incentive options to new and expanding businesses in the State of Arizona. The ACA has programs focused on tax relief, talent and training, innovation and entrepreneurship, small businesses, manufacturing, rural economic development, and international trade.
Pima County One-Stop Workforce Development System offers a nationally recognized job training program to prepare individuals for quality jobs. Pima County can provide federally funded job training programs