Arizona Venture Development Corporation

Over the past 18 months, avc has committed approximately $24.8m and as of 6/30/23 has 9 portfolio companies and is still growing. Through avc investment allocations, we have: catalyzed $262m in private capital anticipated increase of $655m in Arizona's gross domestic product (gdp) projected $33.8m increase in tax revenue estimated 1,048 new high-paying jobs throughout the valleyat avc, we remain committed to our mission of creating an inclusive and diverse investment ecosystem that breaks down barriers for communities across the state. Over 50% of our funding has been invested in businesses owned by socially and economically disadvantaged individuals (sedi).