growing companies choose phoenix · 2021. 1. 2. · $723m gross domestic product 2019 7 $228b...
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“ GREATER PHOENIX IS AN EMERGING TECH MARKET. THE REGION IS SOUGHT AFTER FOR ITS TALENT, COLLABORATIVE ENVIRONMENT, BUSINESS-FRIENDLY CULTURE AND QUALITY OF LIFE.” —CBRE
PAYPAL
LYFT
ON SEMICONDUCTOR
OSCAR
AMERICAN EXPRESS
ZOOM
DOORDASH
SAP
TOP COMPANIES HAVE THOUSANDS OF EMPLOYEES IN PHOENIX
6 FORTUNE 500 COMPANIESHQ IN ARIZONA
GAINED 1.6M RESIDENTS SINCE 2000 ONE OF THE FASTEST- GROWING METRO AREAS
2,700 SOFTWARE DEGREES AWARDED ANNUALLY
TOP TEN LARGEST US METROS WITH 4.9M RESIDENTS
300 DAYS OF SUNSHINE EVERY YEAR
GROWING COMPANIES CHOOSE PHOENIX
:TALENT
POPULATION CONCENTRATION OF MILLENNIALS 6(2019)
15.2%
With world-class universities and a consistent cohort of tech degree graduates, Phonix stands out as a epicenter for tech
talent, making it an attractive city for growing companies.
PHOENIX IS THE 8TH LARGEST PRODUCER OF TECH DEGREE GRADUATES, MORE THAN 24K BETWEEN 2012 AND 201711
TECH TALENT LABOR POOL GROWTH 1(2014–2019)
TECH DEGREE GROWTH 1(2014–2018)
TECH DEGREE COMPLETIONS 1(2018)
HOME TO UNIVERSITY OF ARIZONA & ARIZONA STATE, RANKED #5 BEST QUALIFIED GRADUATES BY WSJ11
PHOENIX AMONG TOP CITIES CITED AS TECH TALENT HOT SPOT12
EDUCATION ATTAINMENT RATE 1 18.1% 2.2%
5K
28.9%
MILLENNIALGROWTHPER YEAR 1(SINCE 2013)
COLLEGE DEGREES AWARDED YEARLY14
REGIONAL COLLEGES AND UNIVERSITIES10
10.7%22K34
Phoenix has 5M residents, but affordability and quality of life score high—providing many advantages to expanding companies.
STARTUP INVESTMENT 20198
$723M
GROSS DOMESTIC PRODUCT 2019 7
$228B
AVERAGE OFFICE RENT 3
SAN FRANCISCO
$66.6 FT2
PHOENIX
$27 FT2
AVERAGE INDUSTRIAL RENT4
SAN FRANCISCO
$16.2 FT2
PHOENIX
$0.6 FT2
MEDIAN VALUE FOR TOP TIER HOME5
SAN FRANCISCO
$2.2MPHOENIX
$439K
MEDIAN HOUSE PRICE 5
SAN FRANCISCO
$1.4MPHOENIX
$269K
PHOENIX
SF$125.4K
AVERAGE TECH SALARY 1
$91.2K
PHOENIX
SF$72.1K
AVERAGE SUPPORT SALARY 1
$47.5K
PHOENIX
99.8SAN FRANCISCO
197.6
NATIONAL AVG.
100.0
COST OF LIVING INDEX C2ER 2020 2
94.6KTECH TALENT TOTAL 1
:COST
ONE OF THE FASTEST GROWING METRO AREAS—GAINING 1.6M PEOPLE SINCE 2000
FOURTH MOST LEASED SPACE BY TECH COMPANIES—AFTER SF, MANHATTAN AND SEATTLE
TOP TEN LARGEST US METROS WITH 4.9M RESIDENTS
Phoenix Stands Out as an Affordable City—CBRE
57,000 Workers in High-Tech Positions—Chamber Business News
:CONNECTION
28 MINUTES
AVERAGE COMMUTE
$1,141 AVERAGE APT. RENT
NO DAYLIGHT
SAVING TIME
22SOVEREIGN
NATIVE AMERICAN
TRIBES
24CONCERT VENUES
85%SUNSHINE
STATE FARM
STADIUM
MLBDIAMOND-
BACKS
:QUALITY OF LIFEO
UT
DO
OR
S
SPO
RTSCU
LTU
RE
& M
OR
E
106˚AVG. HIGH
JULY
66˚AVG. HIGH
DEC.
200 PUBLIC PARKS 40K
ACRES
34TRAILS 315
MILES
200GOLF
COURSES
Basks in Sunshine—NCDC
17MUSEUMS
30FESTIVALS
NFLCARDINALS
NHLCOYOTES
NBASUNS
WNBAMERCURY 16
LIBRARIES
ALBUQUERQUE 50 minATLANTA 3 hrs 15 minAUSTIN 1 hr 50 minBALTIMORE 3 hrs 55 minBOISE 1 hr 40 minBOSTON 4 hrs 25 minBUFFALO 3 hrs 40 minCHARLOTTE 3 hrs 35 minCHICAGO 2 hrs 55 minCINCINNATI 3 hrsCLEVELAND 3 hrs 25 minCOLUMBUS 3 hrs 15 minDALLAS 2 hrsDENVER 1 hr 2 minDES MOINES 2 hrs 15 minDETROIT 3 hrs 20 minEL PASO 50 minEUGENE 2 hrs
FT LAUDERDALE 4 hrsFRANKFURT —FRESNO 1 hr 15 minHONOLULU 6 hrsHOUSTON 2 hrs 10 minINDIANAPOLIS 3 hrsKANSAS CITY 2 hrs 10 minLAS VEGAS 45 minLITTLE ROCK 2 hrs 20 minLONDON —LOS ANGELES 1 hrLOUISVILLE 3 hrsMEMPHIS 2 hrs 40 minMEXICO CITY —MIAMI 4 hrsMILWAUKEE 2 hrs 50 minMINNEAPOLIS 2 hrs 40 minNASHVILLE 2 hrs 50 min
NEW ORLEANS 2 hrs 40 minNEW YORK 4 hrs 25 minNEWARK 4 hrs 15 minOAKLAND 1 hr 30 minOMAHA 2 hrs 10 minORLANDO 3 hrs 50 minPHILADELPHIA 4 hrsPITTSBURGH 3 hrs 30 minPORTLAND 2 hrs 15 minRALEIGH/DURHAM 3 hrs 45 minSACRAMENTO 1 hr 30 minSALT LAKE CITY 1 hr 10 minSAN ANTONIO 1 hr 50 minSAN DIEGO 50 min
SAN FRANCISCO 1 hr 30 minSAN JOSE 1 hr 25 minSEATTLE 2 hrs 30 minST. LOUIS 2 hrs 30 minTAMPA 3 hrs 40 minTORONTO —TUCSON 25 minTULSA 2 hrsWASHINGTON 4 hrs
THE SUN SHINES ON PHOENIX DURING 85 PERCENT OF ITS DAYLIGHT HOURS
RANKED #1 LARGE AIRPORT IN THE US BY THE WALL STREET JOURNAL
OVER 70 DOMESTIC AND INTERNATIONAL DIRECT FLIGHTS FROM PHOENIX
NONSTOP DESTINATIONS9
See full list at nsflight.com
MORE DOMESTIC AND INTERNATIONAL FLIGHTS NOT SHOWN
+
Easy access to the West Coast and
Mexico make Phoenix a uniquely-positioned
city from which to base operations.
:STRATEGIC SECTORS13
• Arizona is home to more than 1,200 small—and larg—scale aerospace and defense companies
AEROSPACE AND DEFENSE
• Industry leaders such as Intel, Microchip, Honeywell, Raytheon, JDA Software & Insight manufacture in AZ
INDUSTRY 4.0DATA PROCESSING AND HOSTING
AUTONOMOUS VEHICLES CYBERSECURITY
• Because of it’s reliable weather, Arizona hosts over 350 data centers
• Arizona has given permis-sion ot car companies to test their self driving cars in Phoenix for years now
• Some of the nation’s leading cyber intelligence centers are located in Greater Phoenix
oneamericaworks.org
1 2020 Scoring Tech Talent, cbre.us; 2 C2ER, coli.org; 3 Cushman and Wakefield Phoenix Office MarketBeat Report Q2 2020; 4 Cushman and Wakefield Phoenix Industrial MarketBeat Report Q2 2020; 5 Zillow.com; 6 Statisticalatlas.com; 7 Statista.com; 8 Crunchbase News, news.crunchbase.com; 9 nsflights.com; 10 myCollegeOptions, mycollegeoptions.org; 11 AZ Big Media, azbigmedia.com; 12 The Business Journals, bizjournals.com; 13 Phoenix Strategic Plan, phoenix.gov; 14 AZ Central, azcentral.com;
SOURCES
One America Works helps connect innovative companies with cities that can best support their growth. Tell us about your company at [email protected].
:GROWING COMPANIES CHOOSE PHOENIXPhoenix’s economy is built on a diverse mix of industries and strategic focus. Recent investment in the region includes:
$7B + 12K JOBS$7 billion investment and 12,000 employees
$12B$12B investment and thousands of employees
PHOENIX HQHQ in Phoenix, 135K ft2 space, over 1,000 employees
345.8K ft2
345,800 ft2, thousands of employees
HQ TO PHOENIXMoving HQ and 300 jobs to Phoenix
500 JOBS500 new employees at Phoenix location
40K ft2
40,000 ft2 and 275 employees
1K JOBS1,000 new employees at Phoenix location
100 JOBS100 new employees at Phoenix location
139K ft2
139,000 ft2 and 400 jobs
220 JOBS220 new employees at Phoenix location
300 JOBS300 new employees at Phoenix location
412K ft2 + $5M40 new full-time posi-tions, $5M, & 412K ft2
R&D CENTERTo hire hundreds of software engineers over 5 years
480 JOBSTo create 480 jobs over five years
PHOENIX RANKS 9TH IN NATION FOR BEST CITY TO START A BUSINESS14
EMERGING TECH IS LIGHTLY REGULATED
FIRST FULLY DRIVERLESS CARS IN THE US ARE TESTING IN PHOENIX