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Arizona's Economic Potential: Transforming Voter Priorities into Reality for Households and Jobs

The latest report from the Center for the Future of Arizona (CFA), titled Unlocking Potential: Turn Arizona's Priorities into Economic Gains, highlights how prioritizing the needs identified by voters could greatly enhance household incomes and spur economic growth across the state. This comprehensive analysis, conducted by Rounds Consulting Group, marks the first time these voter-driven priorities have been meticulously quantified in economic terms.

Key Findings of the Report

The report reveals specific areas where acting on voter priorities can yield substantial economic benefits. These priorities include improving childcare access, enhancing post-secondary education opportunities, and investing in affordable housing and transportation infrastructure. The findings emphasize how addressing these needs can translate into concrete financial gains for Arizona residents and the economy as a whole.

Childcare Access and Affordability:
One of the report's most striking conclusions is the potential economic impact of enhancing access to affordable childcare. The analysis indicates that making childcare more affordable could free up an average of $9,300 per household every year. This change could lead to additional economic output worth $12 billion annually and support the creation of over 115,000 jobs statewide. This boost would stem from both an increased labor force participation among parents and the ensuing increased spending that would benefit local businesses.

Post-Secondary Attainment and Housing Affordability:
Investments in education and housing are equally essential. The report underscores how improving access to dual enrollment programs and post-secondary education can lead to a more skilled and adaptable workforce, enhancing overall productivity. Additionally, focusing on affordable housing would help alleviate financial pressures on families, allowing them to invest more resources into their communities.

Transportation Infrastructure Investment:
Beyond educational opportunities and housing, investment in transportation infrastructure is critical for a robust economy. Efficient transportation networks enable better job access, reduce commuting times, and improve overall quality of life for Arizonans.

A Pragmatic Approach Towards Economic Growth

Dr. Sybil Francis, CFA's Chair and President, emphasizes that Arizonans prioritize practicality over ideology. The report reflects a clear consensus among voters across party lines on the critical issues that need addressing for sustained economic growth. By following the direction indicated by constituents, policymakers can help create stronger households and a more resilient economy.

The CFA initiated this report based on its Arizona Voters' Agenda, a statewide project that captures the issues most important to voters, regardless of their political affiliations. The agenda pinpointed five core priorities where Arizonans are calling for action, highlighting a shared vision for the future.

Expert Analysis by Rounds Consulting Group

CFA collaborated with Rounds Consulting Group, a reputable firm known for its extensive experience in analyzing Arizona's economy, to conduct this independent economic analysis. By utilizing both state-specific data and nationally recognized economic modeling, the study presents a well-rounded picture of the potential outcomes should these voter priorities be addressed.

While the report does not propose specific policy solutions, it vividly outlines the scale of benefits Arizona could realize through strategic investments and policy changes.

Conclusion

The CFA's report serves as a wake-up call for Arizona's policymakers, illustrating that aligning actions with voter priorities is not only feasible but also economically advantageous. By unlocking the potential inherent in these priorities, Arizona can look forward to a future marked by heightened economic activity, increased job creation, and enhanced quality of life for its residents. The time to act is now, as the estimates presented in this report could pave the way for a brighter, more prosperous Arizona, driven by the voice of its citizens and their shared goals.

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