greater phoenix€¦ · greater phoenix is fast-paced, dynamic, and possesses an unapologetic...

GREATER PHOENIXOVERVIEW

Greater Phoenix is fast-paced, dynamic, and possesses an unapologetic willingness to get things done.

GREATER PHOENIX ECONOMIC COUNCIL1

“ Arizona offers an

exciting opportunity to

address the increasing

needs of our clients as

our business continues

to grow. This step will

provide us with access

to significant talent

pools and a strategic

location that will help

us directly serve

our clients.”

REGIONAL OVERVIEW

Greater Phoenix is comprised of 23 distinct

communities cooperating as one region. In a

state that recently celebrated its centennial,

Greater Phoenix is one of the fastest growing and

dynamic metropolitan regions in the country. The

region has a pioneering spirit and welcoming

attitude – toward people and business. When

you expand or relocate your business here,

you join a community rich with opportunity,

innovation and economic vibrancy. - FREDERICK H. (RICK) WADDELL

CEO, Northern Trust

2

FAST-TRACK PERMITTING90 DAYS OR LESS THROUGHOUT THE

ONE OF THEIN THE WESTERN U.S.LOWEST LABOR COSTS

ECONOMYOF THE STATE’S

REPRESENTSGREATER PHOENIX

LARGESTLABOR POOL IN THE WEST

GE GRAPHIC REGIONAN EXCEEDINGLY ACCESSIBLE

ACCESS TO CAPITAL AND A

RIGHT-TO-WORK STATE

OPERATING ENVIRONMENT

24-HOUR PERMITS & INSPECTIONS

GREATER PHOENIX REGION

AIR

· Phoenix Sky Harbor International Airport

handles 44 million passengers annually

and the region is also home to eight

additional general aviation airports.

· Sky Harbor offers approximately 1,200

daily flights to hundreds of domestic

cities as well as internationally to cities

throughout Canada, Mexico and the

United Kingdom

· Major cargo carriers from Sky Harbor

include: American Airlines, Ameriflight,

British Airways, Delta Airlines, DHL,

FedEx, Southwest Airlines, United/

Continental and UPS

· Phoenix Goodyear Airport and Phoenix-

Mesa Gateway Airport serve as relievers

to Sky Harbor

HIGHWAY

· Transportation to major markets and

west coast ports via I-10, I-8 and I-40

· Six-hour drive to Los Angeles

and San Diego

· Three-hour drive to the U.S.-

Mexico border

· Less than one day drive to Albuquerque,

Austin, Dallas and Salt Lake City

RAIL

· Union Pacific and BNSF rail lines and

rail-served sites are available, including

an intermodal system

· Transload and reload centers in key

industrial corridors

GEOGRAPHIC POS IT ION

GEOGRAPHIC POSITION FOR MAXIMUM BUSINESS EFFICIENCYACCESS TO MAJOR MARKETS , CUSTOMER BASE

CONNECTIVITY BY:

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Greater Phoenix offers dependable infrastructure and access to your company’s consumer base. Offering a low-cost, low-regulation operating environment that is well-positioned to access California and the rest of the West Coast, the Greater Phoenix region enables your company to serve more than 35 million consumers within a single day’s truck haul.

C O N N E C T I O N SRAIL

AIR

HIGHWAY

T R A V E L T I M E

D E L I V E R Y T I M E

2 HOURS 3 HOURS 4 HOURS1 HOUR

Phoenix

Denver930 miles • 12.50 hrs

Salt Lake City635 miles • 11.00 hrs

Albuquerque475 miles • 6.25 hrs

El Paso440 miles • 6 hrs Dallas

1,120 miles • 15 hrs

Houston1,185 miles • 17.50 hrs

Tucson

Phoenix

125 miles • 1.75 hrs

Bay Area750 miles • 12.00 hrs

Riverside/InlandEmpire310 miles • 4.10 hrs

San Diego350 miles • 4.75 hrs

Las Vegas285 miles • 5.25 hrs

ONE-DAYDELIVERY AREA

TWO-DAYDELIVERY AREA

THREE-DAYDELIVERY AREA

Dallas1,120 miles • 15 hrs

Houston1,185 miles • 17.50 hrs

Albuquerque475 miles • 6.25 hrs

El Paso440 miles • 6 hrs

Denver930 miles • 12.50 hrs

Salt Lake City635 miles • 11.00 hrs

Tucson

Phoenix

125 miles • 1.75 hrs

Bay Area750 miles • 12.00 hrs

Riverside/InlandEmpire310 miles • 4.10 hrs

San Diego350 miles • 4.75 hrs

Las Vegas285 miles • 5.25 hrs

MEXICO

TX

NMAZ

NV

UT CO

OK

CA

YUMA

LOS ANGLESFLAGSTAFF

PHOENIX

EL PASO

ALBUQUERQUE

SANTE FE

LUBBOCK

DALLAS

HOUSTON

FORT WORTH

SAN ANTONIO

LAREDO

CIUDAD VICTORIA

MONTERREY

CHIHUAHUA

TORREON

NOGALES

SANTA ANA

LOS MOCHE

MAZATLAN

PUEBLO

DENVER

LAS VEGAS

RENO

OGDEN

SALT LAKE CITY

TUCSON

SAN DIEGO

AMARILLO

OKLAHOMA CITY

4


ADVANTAGEOUS BUSINESS CLIMATECompanies in Greater Phoenix benefit from low business costs,

minimal regulation and an advantageous operating environment.

The state offers no corporate franchise tax and is constitutionally

recognized as a right-to-work state. From aggressive tax credits

and incentives to programs designed to increase access to

capital, the region offers direct access to Arizona’s robust,

pro-business climate.

COMPETITIVE OPERATING ADVANTAGES

LOWER COSTS, GREATER VALUE

· Minimal regulation

· Right-to-work state

· Low unionization

· 90 days or less permitting, guaranteed

· Low workman’s comp and unemployment

· Foreign Trade Zone (Property Tax Benefit)

· Military Reuse Zone

· Highly skilled, low cost workforce

· Proximity to large markets

· Incentives targeting manufacturers

· No inventory tax

· Aggressive depreciation schedules

· 100% of net operating loss may be carried forward for 5 years

· Sales tax exemptions on equipment and utilities used for manufacturing

INCENTIVES

6

“ I have opened a number of facilities in my career and this is the highest level of support I have ever received from a market at start-up.”

- JOE STEIN Global Fulfillment HR Director, GAP. INC

The population of Greater

Phoenix is 4.4 million and

is expected to grow to

nearly 6.4 million in the

next 20 years.

Projected employment

growth over the next

decade is 15.15%

compared to the national

projected growth of 9.42%.

A relatively young region,

Greater Phoenix has a

median age of 35.4 – two

years younger than the

average age nationwide.


HUMAN CAPITAL + EDUCAT IONAL ASSETS

ARIZONA HAS AN EXTREMELY COMPETITIVE WORKFORCE IN REGARDS TO TRAINING, QUALITY AND AVAILABILITY OF WORKERS, WHILE MAINTAINING ONE OF THE LOWEST COSTS FOR LABOR IN THE NATION.

MATURE TALENT WORKFORCE PIPELINE

8

NUMBER OF STUDENTS ENROLLED (GRADUATE AND UNDERGRADUATE)

Arizona State University 83,301

Grand Canyon University 75,200

Maricopa Community Colleges 265,000

Northern Arizona University 25,590

University of Arizona 42,236

EDUCATIONAL ASSETS:A CONTINUOUS STREAM OF TALENTED EMPLOYEES

Arizona State University, Maricopa Community Colleges, Grand Canyon University, Northern Arizona University, University of Arizona and University of Phoenix are among more than 50 universities and other institutions of higher learning that prepare the region’s workforce.

THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT:

ARIZONA STATE UNIVERSITY:

EDUCATES AND TRAINS 265,000 INDIVIDUALS ANNUALLY

RANKED #1 INTERNATIONAL FULL-TIME MBA

MARICOPA COMMUNITY COLLEGES:

#5 IN THE NATION FOR BEST-QUALIFIED GRADUATES (Wall Street Journal)

#1 MOST INNOVATIVE SCHOOL IN THE U.S. - 2016, 2015 (US News & World Report)

70% OF ASU GRADUATES REMAIN IN THE STATE AFTER GRADUATION

STUDENT POPULATION OF 80,000+ ACROSS FIVE REGIONAL CAMPUSES


�GREATER PHOENIX BOASTS SOME OF THE BEST IN THE BIZMore than 1,000 global companies have already realized the benefits of doing business in Greater Phoenix.

10

BAE Systems

Bombardier

CEMEX

Compass Bank

Flextronics International USA, Inc.

Garmin

Henkel

Iris

Kudelski Group

Magellan Aerospace Corporation

Nationwide Credit

NXP Semiconductors USA, Inc.

Santander Bank

Securitas Critical Infrastructure Services, Inc.

Sumco Phoenix Corporation

Veolia Transportation

Source: EMSI QCEW, non-QCEW, and Self-Employed Classes of Worker 2016.1

Arizona has the 4th highest concentration of aerospace manufacturing jobs in the nation.

RANK STATE NAME 2015 JOBS 2015 LOCATION QUOTIENT

1 Washington 91,980 8.34

2 Kansas 30,169 6.27

3 Connecticut 28,080 4.87

4 Arizona 24,962 2.76

5 Alabama 12,437 1.89

6 Missouri 16,951 1.81

7 Georgia 21,668 1.50

8 Utah 6,156 1.34

9 Oklahoma 7,070 1.27

10 California 68,993 1.20

AEROSPACE


“ The robust supply chain and availability of talent make Greater Phoenix an ideal place for

aerospace and aviation operations. And the state’s rich history in aerospace and defense

make it a proven ecosystem where business thrives – including Honeywell, which has had

operations in the region for more than 60 years.”

- MIKE MADSEN President, Aerospace, Defense & Space, Honeywell

12

Hundreds of aerospace and aviation companies have already

realized the benefits of doing business in Greater Phoenix

with access to Arizona’s 1,200-strong supply chain, robust

military assets and competencies in:

• Aerospace parts development and manufacturing

• Avionics and sensor technology

• Command control communications computers and intelligence (C4I)

• Information systems and cyber technologies

• Power systems

• Space technologies

• Weapon and armor systems

MILITARY ASSETS IN ARIZONA:Arizona is home to unmatched military and training facilities.

THIRD-LARGEST TACTICAL AVIATION RANGE IN THE COUNTRY

LARGEST UNMANNED AIRCRAFT SYSTEMS TRAINING BASE IN THE WORLD

24 MILLION SQUARE FEET OF DEPARTMENT OF DEFENSE-OWNED INSTALLATIONS

SECOND-LARGEST MILITARY INSTALLATION IN THE WORLD

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The healthcare industry in Greater Phoenix is a vibrant ecosystem that delivers better health outcomes for communities and serves as a driver of economic prosperity.

HEALTHCARE & BIOMEDICAL


With $1.3 billion in strategic investments over the past 10 years added into its emerging healthcare enterprise and research capabilities, Greater Phoenix is the place for greater healthcare opportunities.

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“ Arizona is globally

competitive and a

national leader in the

biosciences in such fields

as precision medicine,

cancer, neurosciences,

bioengineering, diagnostics,

and agricultural

biotechnology. It excels

in offering a deep talent

base, a critical mass

of entrepreneurs and

enterprises, and clinical

excellence to turn discovery

into firms, products,

and talent.”

- ARIZONA BIOSCIENCE ROADMAP, 2014

The healthcare and bioscience employment rate in Greater Phoenix over the past 10 years is 45%, compared to 18% nationally

Phoenix is expected to grow 43,000 healthcare jobs in the next decade – more than Minneapolis, Philadelphia, San Francisco and Seattle

Arizona is among national leaders, with more than 1,400 active clinical trials

Projected manufacturing

employment growth in the

region over the next decade

is 6.19% compared to just

1.53% nationally

Manufacturing companies from around the world take advantage of all that Greater Phoenix has to offer.

MANUFACTURING & LOGISTICS


Approximately 4,600

manufacturers in the

state make Arizona one

of the best locations for

manufacturing

Shipping costs from Greater

Phoenix to California are

15-75% lower than other

Mountain West markets

16

AN ENVIRONMENT TO SUPPORT AND GROW INDUSTRY

Ranked in the top 10 for

low catastrophic and natural

disaster risk

Electric providers APS and

SRP rank as top business

service providers by J.D.

Power & Associates

for reliability

Strategic water supply

management has allowed

the region to use the same

water consumption levels

as 1957

“ GPEC has been an amazing partner during the launch of our warehouse in Phoenix. Their support has been critical for finding the right employees and keeping our schedule on track.”

- RUFUS MCLAIN Operations Manager, Stitch Fix

Available sites, robust power, high-speed fiber and the low chance for natural disasters positions Greater Phoenix as a top choice for data centers and advanced business services operations.

# OF STUDENTS ENROLLED IN BUSINESS DEGREE PROGRAMS (Graduate and Undergraduate):

Arizona State University 8,637 (undergrad only)

Grand Canyon University 12,640

Maricopa Community Colleges 7,506

Northern Arizona University 2,114

University of Arizona 5,800Ph

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MISSION CRITICAL & ADVANCED BUSINESS SERVICES


6TH LARGEST CONCENTRATION OF DATA CENTERS NATIONALLY

TOP 5 NATIONALLY FOR TECH JOB GROWTH

PALO VERDE NUCLEAR POWER PLANT IS THE LARGEST NUCLEAR POWER PLANT IN THE U.S.

EXCELLENT CONNECTIVITY TO MAJOR METROPOLITAN MARKETS

18

AN IDEAL CLIMATE FOR MISSION CRITICALTHE LOW CHANCE FOR NATURAL DISASTERS POSITIONS GREATER PHOENIX AS A TOP CHOICE FOR DATA CENTERS.

MIAMIHONOLULUDALLASSALT LAKE CITYNEW YORK CITY

WICHITASAN FRANCISCOLOS ANGELESPORTLANDPHOENIXLOW RISK HIGH RISK

Source: RMS, Catastrophic Risk in the United States, 2015

With operational costs of up to 40% less than in California and as a hotbed of innovation activity, emerging technology and software companies take advantage of all that Greater Phoenix has to offer.

SOFTWARE & EMERGING TECHNOLOGIES


“ The talent pool in Phoenix is as robust as anywhere in the country, and the energy, excitement, and collaborative spirit around the emerging tech scene in the valley are absolutely contagious. It’s the perfect place for startups – a supportive, unpretentious community with no existing status quo so you don’t get lost in the crowd and everyone plays a role in shaping it.”

- BRAD JANNENGA Chairman & Co-founder, WebPT

Software companies all enjoy Greater Phoenix’s emerging

innovation ecosystem, business-friendly operating

environment and market advantages.

On average 20% more

competitive labor costs

than leading California

markets, including Los

Angeles, San Francisco

and San Jose

More computer

science and

software engineering

professionals than

Austin, Denver, Las

Vegas and Salt Lake City

20

As of January 2014, there were more than 40 ASU faculty

members conducting cyber security-related research with

financial support in the form of more than $100 million in

federal and industry partner research funding.

ASU CYBER SECURITY RESEARCH GROUPS INCLUDE:

ASU CYBER SECURITY RESEARCH INSTITUTIONS INCLUDE:

» Cyber and Network Security Group (CNSG)

» Laboratory of Security Engineering for Future Computing (SEFCOM)

» Cyber-Socio Intelligent Systems Laboratory (CySIS)

» Information Assurance Center

» Global Security Initiative (GSI)

» ASU Research Enterprise (ASURE)

FUNDING FOR EVERY LEVEL OF BUSINESS


-Via Arizona Commerce Authority (ACA)

The Arizona Innovation Challenge awards $3 million ($1.5 million twice yearly) – the most money in the country for a technology commercialization challenge – to the most promising technology ventures. Awards range from $100,000 to $250,000 per company.

COMPETITIVE INCENTIVES

ARIZONA FAST GRANTS

VENTURE MADNESS

Presented by Invest Southwest in partnership with the Arizona Commerce Authority, Venture

Madness pits 64 of the most promising startups against one another in a bracket-style, head-to-

head competition.

This highly competitive grant provides qualified Arizona-based, early stage technology companies

with intensive training and technical assistance to commercialize their innovations, grow their

business and create quality jobs. Maximum awards of $5,000 and $20,000.

FUNDING FOR EVERY LEVEL OF BUSINESS

INCENTIVE PROGRAMS THAT REWARD QUALIFIED COMPANIES

22

Our policymakers are committed to maintaining lowered taxes

and providing competitive incentives, including the Quality

Jobs Tax Credit, a competitive tax credit to encourage business

investment and the creation of high-quality jobs in the region,

tied to the achievement of performance milestones.

• Research & Development tax credits of 24% for qualified expenditures

• $9,000 of corporate income tax over three years per qualified job

• The corporate income tax rate steadily decreases from 6% in 2015 to 4.9% in 2017

• Refundable tax credits of 10% of capital investment or $20,000 per qualified job

• Sales Factor increases to 100% by 2017

• Companies not receiving property tax incentives under the Renewable Energy Tax Incentives Program (REITP), Foreign Trade Zone (FTZ), or Military Reuse Zone (MRZ) programs can elect to take additional depreciation on their personal property

• Income tax credits up to 35% for investors of small businesses

Greater Phoenix encompasses distinct communities, each

with its own identity and assets. Collectively, they offer vast

opportunity. Because you don’t have to be entrenched in the

business or social hierarchy of the region to succeed, Greater

Phoenix offers everyone the chance to thrive and make a

significant impact.

· More than 300 days of sunshine annually

· More than 325 golf courses

· Drive to beaches or the mountain pines within hours

· The cost of living is 77% cheaper on average than leading California markets

· Median household income of $53,310

· Median home sale is $217,900

· Effective property tax rate of 1.25%

· Personal income tax rate of 2.59% to 4.54%

· Average commute time is 24.7 minutes

LIFESTYLE

AFFORDABLE WITH AN

INCLUSIVE culturePh

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THOUSANDS OF ATTRACTIONS & EVENTSFLOURISHING ARTS & CULTURE SCENE PROFESSIONAL SPORTS

HEARD MUSEUM Photo Credit: Paulina Pineda, Flickr.com

BARRETT-JACKSON CLASSIC CAR AUCTIONPhoto Credit: DeusXFlorida, Flickr.com

NFL ARIZONA CARDINALS Photo Credit: Chris Cameron, Flickr.com

PHOENIX ART MUSEUM Photo Credit: Fuzzy Gerdes, Flickr.com

DESERT BOTANICAL GARDEN Photo Credit: Loren Javier, Flickr.com

NHL ARIZONA COYOTES Photo Credit: Sergei Scurfield, Flickr.com

MUSICAL INSTRUMENT MUSEUM Photo Credit: Thomas Quine, Flickr.com

PHOENIX ZOO Photo Credit: Stefanie Carson, GPEC

NBA PHX SUNS & WNBA PHX MERCURY Photo Credit: Keith Allison, Flickr.com

GAMMAGE AUDITORIUM Photo Credit: Nick Bastian, Flickr.com

ARTLINK FIRST FRIDAYS Photo Credit: Chanel Wheeler, Flickr.com

MLB AZ DIAMONDBACKS & SPRING TRAINING Photo Credit: Ken Lund, Flickr.com

MESA ARTS CENTER Photo Credit: David Crummey, Flickr.com

MORE THAN 30 CRAFT BREWERIES Photo Credit: Kevin Dooley, Flickr.com

NASCAR AT PHX INTERNATIONAL RACEWAY Photo Credit: Hans Enderle, Flickr.com

24

OUR SERVICES + GPEC MEMBER COMMUNITIES

PROJECT KICK-OFF: Our team meets with your operational leadership to discuss your unique scenario and scope of expansion.

PROJECT DELIVERABLES: Project Deliverables: During kick-off meeting, a clear set of deliverables and timeline will be discussed. A deep analysis of data points is curated for the client’s unique expansion scenario.

PROJECT COMPLETION: Project Completion: A presentation of key data and findings is delivered to key decision makers at client’s facility.

Visit gpec.org or

contact one of our

expert business

development

professionals at

602.256.7700 or

[email protected].


We help companies grow. From startups to Inc. 5000, to Fortune 100, our team has helped more than 600 companies with their expansion and relocation strategies.

Our team offers a complimentary assessment to help reduce the uncertainty associated with your expansion and finalizing the business plan for your new location.

We provide the data, analysis and expertise necessary to select the right location and environment that is best for your business.

INTERESTED?HERE IS HOW IT WORKS»

LOS ANGELES

TUCSON

SKY HARBORINTERNATIONAL

AIRPORT

8

347

202

101

SAN DIEGO

85

60

202

303 51

202

60

LAS VEGAS

ALBUQUERQUE40

0 5 10

Distance in MilesDistance in Miles

0 5 10

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The Greater Phoenix Economic Council represents Maricopa County, 23 cities and towns, and more than 170 private investors.

GPEC provides data-rich analytics and local market intelligence and connects companies to key public and private leaders.

MARICOPA COUNTY

APACHE JUNCTION

AVONDALE

BUCKEYE

CAREFREE

CASA GRANDE

CHANDLER

EL MIRAGE

FOUNTAIN HILLS

GILA BEND

GILBERT

GLENDALE

GOODYEAR

MARICOPA

MESA

PEORIA

PHOENIX

QUEEN CREEK

SCOTTSDALE

SURPRISE

TEMPE

TOLLESON

WICKENBURG

YOUNGTOWN

2 N. Central Ave. Suite 2500 Phoenix, AZ 85004602.256.7700

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greater phoenix€¦ · greater phoenix is fast-paced, dynamic, and possesses an unapologetic...

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