Greater Phoenix: Equipped with a large labor pool
Greater Phoenix is home to over 40 universities and institutions of higher learning that prepare the market’s workforce across a variety of industries making it one of the top research and development cities. The Ira A. Fulton Schools of Engineering at Arizona State University is the largest engineering school in the nation with 24,994 students enrolled in 2020 and 4,687 total degrees granted from 2019 to 2020.
Source: ASU Ira A. Fulton School of Engineering
Talented Graduates
Arizona State University’s engineering program ranked in the top 25 public institutions, according to U.S. News & World Report.
State Support
Arizona is supportive of research, especially when it includes our universities, and offers aggressive refundable and nonrefundable corporate income tax credits.
Prepared Workforce
Some of the most prepared graduates in the country are in Greater Phoenix. Arizona State University ranked in the top 10 nationally for graduate employability.
Greater Phoenix: By the Numbers
136
Arizona State University accepted 136 National Merit Scholars in 2018-2019
Source: 2018-2019 National Merit Scholars Annual Report
23rd
In 2019, the University of Arizona ranked as the 23rd-best public research university
Source: The Top American Research Universities, 2019
4336
In 2019, the Ira A. Fulton Schools of Engineering at Arizona State University had a total enrollment of 4,336 international students
Source: ASU Ira A. Fulton School of Engineering
Why Greater Phoenix? There’s an abundance of employees and competitive labor costs.
Tax Credits
Refundable and nonrefundable corporate income tax credits for qualified research and development done in Arizona, including company funded research at a state university for 24% of first $2.5 million in qualifying expenses plus 15% of the qualifying expenses in excess of $2.5 million. These credits have enabled Phoenix to rank as one of the best operations cities for research.
Source: Arizona Commerce Authority
Established Hub
What are the best research cities you may ask? Many companies come to Greater Phoenix for research and development. Greater Phoenix has become a top place to perform research due to the qualified candidates graduating from Arizona’s universities, the variety of tax credits and the amount of profit that can be made.
Companies in Greater Phoenix
- AMSL
- Avnet
- Axon
- BAE Systems
- Banner Health
- Bechtel
- Belcan
- Bishop Fox
- Blue Yonder
- Bridgestone
- Garmin
- General Dynamics
- GM
- Honeywell
- Insight
- Insys Development Company Inc
- Intel
- Inter Coastal Electronics Inc
- International Rectifier
- Kudelski Group
- Laser Components DG
- Local Motors
- Medtronic
- Microchip
- NeoLight
- NXP Semiconductors
- ON Semiconductors
- PADT
- Stealth Software
- Waymo
