GPEC - Greater Phoenix

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		Greater Phoenix

		GPEC Services

		Regional Profile

		Global Business

		Target Industries

Major Fortune 500/1000 Employers in Greater Phoenix |
Recent Company Expansions and Relocations | Cost of Doing Business in Greater Phoenix

Greater Phoenix is among the nation’s fastest-growing regions, consistently recognized for our strong job growth and entrepreneurial environment. Our strategic Southwest location has made Greater Phoenix a choice business and innovation hub with international access for aerospace, high-tech, bioscience, advanced business and sustainable technologies companies.

We’re young.
The average age in Greater Phoenix is 33.

We’re diverse.
There are 110 languages spoken in Greater Phoenix—the 3rd highest number recorded in any region in the U.S.

We’re talented.
Greater Phoenix is home to Arizona State University—the nation’s largest university system and largest producer of natural sciences and engineers in the country—and the Maricopa Community Colleges, Arizona’s largest provider of job training.

Population - 2007	3,907,492
Median Age - 2006	33.7
Labor Force - 2007	2,064,300
Employment - 2007	1,996,700
Unemployment % - 2007	3.3%
Median Income - 2006	$51,862
Single-Family Permits - 2007	36,963
Gross Metro Product (billion$)	$160.0
US Inflation Rate (CPI) - 2005	3.4%
Source: MAG, US Census Bureau, BLS, DES and the U.S. Conference of Mayors

Allied Waste*

Amkor Technology*

AT&T Inc.

Avnet*

Bank of America

Boeing

Freeport-McMoRan Copper & Gold, Inc.*

General Dynamics

Giant Industries*

Google

Honeywell International

Insight Enterprises*

Intel

J.P. Morgan/Chase

Meritage Homes*

Morgan Stanley

Motorola

PetSmart*

Pinnacle West Capital*

Pulte Homes

Qwest Communications

Swift Transportation*

US Airways*

Verizon Communications

Wells Fargo

*Company HQ in Greater Phoenix. Source: Fortune 1000, April 2007.

PayPal
Astra Zeneca
CareerBuilder
eBay
US Airways
GoDaddy
Agilent Technologies

Covance
Marvell Electronics
Intel
AAA
Embraer
Google

* Includes companies meeting at least one of the following criteria:

An investment of at least US $1 million.
The creation of 20 or more new jobs.
The addition or absorption of at least 20,000 sq. ft. (1,858 sq.m.).

	GPEC-Assisted Locates

Labor
Mean Wage	$37,130
Workers Compensation (per $100)	$1.73
Unemployment Insurance (cost per employee)	$82.78
Unionization Rate	7.6%
Right-to-Work State	Yes

Real Estate
Commercial Lease Rates
Office	$25.96/SF
Industrial	$0.72/SF
Median Home Price	$255,500

Utilities
Electric Rates (per kwh)	$0.0825
Commercial*	$0.0610
Industrial**
Natural Gas (per 1000 cubic feet)
Commercial	$12.11
Industrial	$9.90

Taxes
Corporate Income Tax	6.968%
Individual Income Tax (highest bracket)	4.79%
State and Local Tax Burden (% of income)	10.3%

Cost of Indices and Rankings
Forbes Cost to Do Business Ranking	121
ACCRA Cost of Living Index	102.5
Entrepreneur and NPRC's*** 2006 Hot Cities for Entrepreneurs Ranking	1

Sources: U.S. Bureau of Labor Statistics, American Institute for Full Employment May 2006, CB Richard Ellis MarketView 2007, Tax Foundation 2006 State Tax Profiles, Unionstats.com, Forbes Best Places for Careers and Business 2006, APS Competitive States Analysis, National Association of Realtors first quarter 2007 median home prices, ACCRA Cost of Living Index 2nd Quarter 2006
*500 kw, 180,000 kwh, 50% load factor
**1,000 kw, 650,000 kwh, 90% load factor
***National Policy Research Council