Arizona OutReach

Banks in Arizona held a combined $61.8 billion in deposits as of June 30, 2004. Five years later, June 2009, the growth reached $82.3 billion, a 25% increase, in spite of one of the greatest economic booms ever experienced by Arizona. During this same period Nevada banks grew from $40.7 billion in deposits to $195 billion, an increase of more than 479%.

Billions of dollars of investors’ monies have been lost and more are at risk!

Arizona Senate Bill 1333 was introduced to protect the public from financial fraud and to attract $12 billion to $15 billion in deposits to Arizona. The bill was suddenly changed, without as much as a hearing, by the Senate Commerce and Economic Development Committee as a way to regulate canneries, fertilizer plants and commercial feed lots.

Arizona Financial Institutions Task Force was formed in 2006 to address bank related economic solutions for Arizona. The primary mission is to provide research to help the legislature find ways to attract bank headquarters to Arizona. The solution is fairly simple and direct.

Reduce cost and improve medical service under the recently passed sweeping federal health care reform law!

Arizona can become the national leader in improving healthcare services under the new federal health-insurance mandate. Business owners across the U.S. are desperately searching for ways to contain healthcare costs. Many companies have reduced hiring or are laying off employees now that they face additional costs and possible penalties for not offering coverage.

The Arizona Legislature can help make healthcare better, cut costs, attract businesses to Arizona, create new jobs and alleviate some of the shortage of medical personnel!

As one example of a solution, California-based Health Net charges $631 a month for family coverage; but if a family opts to use their coverage with a physician in Mexico, the rate drops by more than 50% to $306 a month.