By Micah Alise Bledsoe | Cronkite News
Thursday, April 19, 2018
ORANGE COUNTY, California – A company that manufactures workbenches and lab furniture is relocating to Goodyear to save money, while creating 30 new jobs in Arizona.
Matt McConnell, director of sales and marketing for IAC Industries, said the move will increase the stability and longevity of his business. IAC is located in Brea, California.
“The commercial property costs in California versus the commercial property costs in other states” made the decision easy, he said.
And it’s not just businesses. It’s also families.
McConnell said IAC has 20 employees who have moved already or are committed to moving to Goodyear.
Arizona gained 107,628 residents in 2017, one of largest population gains among the nation, according to Census Bureau estimates. The rapid growth should contribute to a promising job market and a strong recovery in housing, analysts told Cronkite News.
Taxes also are much lower in Arizona than California. California residents pay nearly twice as much state income taxes. The individual income tax rate is 4.54 percent in Arizona. It’s 9.3 percent in California, according to the Arizona Sun Corridor.