appropriation; office of defense innovation

HB 2872 establishes the Arizona Office of Defense Innovation within the Arizona Commerce Authority and appropriates $350,000 for fiscal year 2025-2026. The office directly affects defense-related companies, universities, and economic development entities in Arizona by fostering partnerships to attract federal and private defense investments. Key mechanisms include acting as a liaison with the U.S. Department of Defense, supporting companies seeking defense contracts, collaborating on research and workforce development, and developing a biennial strategic plan. The office must submit annual reports to state leadership and can form public-private partnerships with qualified defense industry stakeholders.