Maricopa County to Invest $7 Million in High-Paying Jobs | Legal News | News Ticker

Not only does everyone in Arizona understand that the state’s economy is struggling, but people everywhere in the state are living it as well. One of the main reasons that so many people find themselves in financial turmoil is because the jobs market is still at levels where no one would expect the state to turn around as a whole anytime soon in an economic sense. Therefore, some entities are taking action, and one such step was announced yesterday by the Maricopa County Board of Supervisors. The county is going to invest $7 million in attracting businesses to the county that offer high-paying jobs to employees.

Specifically, this step will allow companies that want to put operations here to apply for job training and infrastructure funds as long as that company agrees to pay its workers at least 125 percent of the county’s median income, which currently sits at $31,000.00 per year. The funds will come from interest income that’s being generated by the county’s cash reserves in its general fund, and it’s hope that such an investment will prompt businesses of different types to move into the county and start hiring.

Arizona Economic Trends

The move comes on the heels of reports that Arizona bankruptcy filings are about to set a record in terms of number of cases filed in 2010 after the previous record was set just last year. In addition, marriage rates and birth rates are on the decline but the rate of poverty is on the rise. These statistics always spell trouble both in the short-term and the long-term, and most people agree that an economy cannot gain a strong foothold of stability until the jobs market bottoms out and begins to move in a positive direction.

Phoenix Bankruptcy Lawyers

While this is certainly positive news, it will not solve the problems of countless individuals in the area who still find themselves struggling mightily just to pay their bills and put food on the table. If this includes you, it’s time to get ahead of what could be a slow economic turnaround by starting over with a clean financial slate. All you need to do is seek the help of Arizona bankruptcy lawyers so that they can take a close look at your financial picture and help you plot a course for your individual recovery, whether that involves filing for bankruptcy or pursuing some other strategy.

The Phillips Law Group recommends the experienced bankruptcy attorneys atMontano Arentz & Associates, PLLC for all of your bankruptcy needs. Call today to schedule a free initial consultation!