Improving Global Readiness by Defining an Industry Identity
The Metro Phoenix Global Investment Plan examines the challenges and opportunities for attracting and retaining foreign direct investments in Greater Phoenix, and develops strategies for establishing the region as a leader in the Internet of Things (IoT) and sensor technology applications. The initiatives outlined in the plan are designed to encourage growth of the region’s legacy and emerging IoT assets and improve global readiness, trade, international investment and competitiveness.
Published in 2017
Published December 2020
Key Findings
Little Historic FDI into legacy industries
Historically, foreign direct investment into Greater Phoenix has not been aligned with the region’s aerospace and microelectronics clusters.
International Opportunities
The impending Internet of Things (IoT) revolution is creating new international investment opportunities for the region.
Well Positioned
Greater Phoenix is well positioned to capitalize on the evolution and growth of sensor application industries.
Foreign Entry Growth
Due to demographics and the structure of the region’s economy, foreign entry through mergers and acquisitions will continue to grow over the next five to 10 years.
Small Expansions are Major
Small expansions are becoming a larger portion of domestic and international investment into Greater Phoenix.
High Quality of Life
Many companies who initially consider Greater Phoenix for its low costs, business-friendly environment and market size, are drawn to the region for the exceptional quality of life.
A Need for Connectivity
Many international companies feel highly courted entering the market, but seek additional connectivity after arriving.
Crucial Partnerships
Canada and Mexico are essential partners for both trade relations and long-term investment opportunities; Europe and Asia are essential for near-term FDI strategy.
1573
There are 1,573 FOEs operating in Greater Phoenix
$18.5B
Real value of exports (2015)
120K
Total export supported jobs (2014)