business relocation; notice; penalty

SB 1382, the "State Investment Accountability Act," requires employers with 50+ full-time equivalent employees (or those receiving state subsidies) to notify Arizona's Department of Economic Security 120 days before relocating outside the state or country. Employers who fail to comply face daily civil penalties of up to $10,000. The state will publish a semiannual list of relocating employers, making those businesses ineligible for state subsidies for five years and requiring them to repay unamortized subsidy value. The bill also prohibits state contractors from performing work related to state business outside Arizona, with a phased compliance deadline by November 2026.