Expand to the Southwestern U.S. Tech Hub: Greater Phoenix
Greater Phoenix is fast-paced, dynamic and possesses an unapologetic willingness to get things done, making it one of the top cities to do business. It has a pioneering spirit and welcoming attitude toward people and business.
Tech Clusters
Talent Pool
Grid Reliability
Pro-Business State
GPEC Team at CES 2022
We Can Help You Expand
At the Greater Phoenix Economic Council, we provide complimentary, confidential, expert support to companies who are interested in evaluating the Greater Phoenix market for their business expansion plans and our regional partners can help you get connected to the right resources.
As you plan your expansion and relocation strategies, we can assist with due diligence efforts including labor and economic impact data and analytics, streamlined real estate searches, and connectivity to decision-makers.
Greater Phoenix: By the Numbers
13,025+
Technology Companies
Source: CompTIA, 2021 Cyberstates
750
Software Companies
Source: Gregslist
251
Startups
Source: Gregslist
98
VC-Funded Startups
Source: Gregslist
Tech Clusters
Greater Phoenix is a young, rapidly growing tech hub — it’s affordable, unsaturated and driven by innovation.
The ecosystem of local innovators, founders, incubators, accelerators and investors grows each day. For example, $1.6 billion in venture capital was raised by local companies in the last decade, but 33% of it ($546.5 million) was raised in 2020 alone.
Source: GPEC Analysis
5G and Internet of Things (IoT) Ecosystem
2019
In 2019, Greater Phoenix becomes one of the first cities in the nation to adopt 5G.
Source: GPEC Industry Insights: Semiconductors
125B
Forecasts estimate that by 2030, there will be 125 billion installed IoT devices worldwide.
Source: IHS Markit
22,203
Greater Phoenix is home to 22,203 semiconductor and other electronic component manufacturing jobs.
Source: EMSI 2021 Q1
Product Design & Manufacturing Ecosystem
35M
More than 35 million consumers can be served within a single day’s truck haul.
Source: GPEC Analysis
36%
Greater Phoenix offers operational costs up to 36% lower than California.
Source: Applied Economics Metrocomp Tool
75%
Shipping costs to California are up to 75% cheaper than other Mountain West markets.
Source: SRP 2018
Autonomous & Electric Vehicles Ecosystem
25,000
Greater Phoenix is home to the nation’s largest engineering school with nearly 25,000 students enrolled in various programs and more than 4,500 of them graduating with a degree each year.
Source: ASU Ira A. Fulton School of Engineering
2018
In 2018, Arizona Governor signed an executive order creating the Institute for Automated Mobility (IAM) in partnership with public and private organizations that collaborate state-of-the-art research in Arizona.
Source: Executive order
Biomedical & Wearable Ecosystem
4,400
There are more than 4,400 active clinical trials in Greater Phoenix.
Source: CenterWatch
30.1%
Projected employment growth in the healthcare & biomedical industries over the next decade is 30.1%, compared to 16.7% nationally.
Source: EMSI 2020 Q1
15.9%
The global wearable market is projected to grow 15.9% annually from 2020 to 2027.
Source: Grand View Research 2020
Blockchain Ecosystem
$4.4M
The average investment in blockchain projects was $4.4M in 2020.
Source: Crunchbase News
Robotics & Machine Intelligence Ecosystem
20%
In the last five years, software employment in Greater Phoenix has increased by 20%.
Source: EMSI 2021 Q1
77,000
In 2020, Greater Phoenix had nearly 77,000 workers in computer occupations employed, representing a deep knowledge and skills pool necessary for innovation.
Source: EMSI 2021 Q1 (2010-2020)
$1.2B
$1.2B in venture capital funding went to companies based in Greater Phoenix from 2015-2020.
Source: Cruchbase
