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Business lured to Sun Belt amid tax-friendly environment, ‘great employee base’
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Businesses flocking to the Sun Belt due to tax friendly environment
Senior Vice President of Sales at Footprint, Jeff Bassett, explains why the materials science company decided to operate in Arizona.
Companies have been flocking to the Sun Belt over its business-friendly environment, with one executive noting that tax incentives and a "great employee base" incentivized his materials science company to operate in Arizona.
Senior Vice President of Sales at Footprint, Jeff Bassett, said during a live interview with FOX Business’ Grady Trimble on "Varney & Co." on Wednesday that the company "needed a strong foundation" and was lured to Arizona given the area had employees that were trained as material scientists, engineers, among other roles "all the way down the chain."
"We found Arizona had a great pull because of the educational facilities and institutions and just a great employee base to begin with," Bassett explained.
Footprint, which is based in Phoenix, is a company founded with the goal "to create a healthier planet," according to its website, which added that the company invents and manufactures "solutions that replace short-term use plastic."
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The company, which was founded in 2014, noted that it helps retailers and food companies "transition to plant-based solutions, reduce CO2 emissions, cut landfill waste, and reach sustainability goals."