Thursday, May 8, 2008
More foreign Investment Wanted in Arizona
According to this article, the weaker dollar means that economic investment groups are taking steps to attract foreign investment to Arizona. Jeff Morhet, chief executive of InNexus, said he is "happy with the company's investment in Arizona. The company operates labs in a research building at the Mayo Clinic in north Scottsdale, where technicians are developing antibodies to help fight cancer and other diseases. Arizona offered what the company needed, including a skilled work force, and the company plans to expand beyond its 31 employees, Morhet said." He believes that "There are greater resources available to technology companies in Arizona than most people give it credit for."