Arizona Daily Star reports that Governor Doug Ducey announced the creation of the new Governor's Economic Opportunity Office in order to streamline economic development and marketing of Arizona throughout the nation and internationally.

According to AZ Central, the trend of Arizona governments and public entities reducing their indebtedness have continued into the new year. Total public debt has dropped to $42.5B at the start of the year from $44B in 2011.

AZ Central reports that Arizona venture capitalist investments slid to $114M in 2015 from $252M in 2014, going against a national trend of increased investments from such investors.

Moody's Investors Service recently assigned an Aa3 rating to Arizona's School Improvements Bonds, reflecting the districts trend of healthy available reserves and liquidity.

The UA Science and Technology Park is seeking private assistance to fund projects after voters rejected seven different bond packages in November of 2015, the Daily Wildcat Reports.

The Phoenix Business Journal reports that at a joint hearing between the Senate Transportation and House Transportation and Infrastructure committees, leaders from ADOT the Arizona Chamber of Commerce urged legislators to invest heavily in state infrastructure projects.

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