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A TOP HUB IN THE NATION FOR Software AND IT
Greater Phoenix is a top market in the nation to locate, relocate or expand your software and IT business operations. In fact, the region’s software and IT sectors are some of the largest in the nation.
Greater Phoenix offers significantly lower costs of living with an abundance of craft breweries and coffee houses throughout the region and more than 300 days of sunshine annually.
This region offers fast internet connectivity, low risk of natural disasters and a robust network of data centers, which creates consistent and reliable power coverage to any software and IT business looking to start or relocate to Greater Phoenix.
In addition to cheaper real estate and benefit costs compared to peer markets, Greater Phoenix also provides a number of quality incentives to lower your business’s operating costs even more.
Through university alignment and partnerships, there are plenty of highly qualified college graduates to hire at your software and IT business. Specialized programs at universities across the state train the top talent the country has to offer.
Greater Phoenix cultivates a welcoming tech-focused community backed by dynamic firms. The region is also home to large software and IT offices of Fortune 500 firms.
GREATER PHOENIX TALENT PIPELINE
Below are the total number of non-distance program completions at colleges and universities in Greater Phoenix for computer engineering, information technology, computer and software engineering, and computer science programs. These programs produced over 1,600 graduates in these fields during the 2015 to 2016 school year. The region’s universities are committed to supplying the workforce needed to enable companies to scale here. This committment has entrenched Greater Phoenix as one of the top software and IT cities in the country. Comparison data for peer markets has been provided below. Data was adjusted to control for the population sizes of the markets.
SOFTWARE DEGREES IN WESTERN REGIONS
NOTABLE PROGRAMS IN SOFTWARE & IT - RELATED FIELDS
In a competitor markets’ talent pipeline analysis, Greater Phoenix has become one of the top software and IT cities to relocate to and start a business, pulling ahead of popular cities like Denver, Salt Lake City, and Charlotte in total degree completions for finance and insurance-related programs.
- Arizona State University has been named the #1 Most Innovative School in 2015, 2016, 2017 and 2018 as well as boasting #5 in Best-Qualified Graduates.
- The University of Arizona was recognized as the #3 Undergraduate Management Information Systems program by the US News & World Report.
- Grand Canyon University offers a live-fire cyber warfare range created to augment the current resources in Arizona and drive innovation in cybersecurity techniques, technologies, and training across the United States.
INCUBATORS & ACCELERATORS
Greater Phoenix has a strong support network with beneficial incubators and accelerators for software and IT companies looking to relocate their operations to a more favorable environment. These spaces can be used by companies as they grow by offering additional services to help connect, integrate, and build new companies in the ecosystem.
This region also provides coworking spaces that can be used by companies as they develop a presence within the region. Many of these workspaces offer complimentary amenities to help entice recent college graduates and potential employees to start their career in a top software and IT city.
In March of 2018, Governor Doug Ducey signed House Bill 2434 into law making Arizona the first state in the nation to enact a groundbreaking regulatory FinTech “sandbox.” Arizona joins countries such as the United Kingdom, Singapore, United Arab Emirates and Australia supporting FinTech investment by instituting sandboxes that encourage business owners and entrepreneurs to relocate and start their software and IT companies in Greater Phoenix.
In Arizona’s sandbox, startups, entrepreneurs and even established companies can launch products on a limited, temporary scale to consumers to test innovative products, services, business models, and delivery mechanisms in the real market without incurring regulatory costs and burdens that would otherwise be imposed. This makes the Greater Phoenix area one of the top software cities in the country and an attractive opportunity for innovators looking to start an IT business or relocate their software operations.
National OPERATIONS IN GREATER PHOENIX
Many leading national software and IT companies started and relocated substantial operations to Greater Phoenix. Below are a few of the top companies that have a presence in the region.
Greater Phoenix is home to a dynamic and growing software ecosystem. In addition to many national leaders operating in the region, a number of software and IT companies are headquartered here.
Median wages in Metro Phoenix are significantly lower than in peer markets like Austin, San Francisco and Denver.
Scroll to the side to see how Greater Phoenix stacks up against other cities in terms of median wages for software and IT occupations.
|OCCUPATION||PHOENIX||AUSTIN||DENVER||NEW YORK CITY||SALT LAKE CITY||SAN FRANCISCO||SEATTLE|
|General and Operations Managers||$87,156||$100,668||$119,377||$142,133||$77,979||$128,283||$114,059|
|Computer and Information Systems Managers||$133,301||$146,026||$151,998||$167,560||$105,637||$170,838||$145,863|
|Computer Systems Analysts||$89,847||$84,356||$90,731||$99,850||$74,044||$107,488||$96,174|
|Software Developers, Applications||$92,479||$105,460||$104,617||$107,019||$93,681||$123,252||$128,322|
|Software Developers, Systems Software||$95,348||$98,751||$113,470||$115,711||$98,248||$132,643||$116,020|
|Network and Computer Systems Administrators||$79,041||$86,173||$86,399||$93,406||$76,865||$107,009||$91,732|
|Computer Network Architects||$95,201||$118,858||$112,195||$115,501||$99,335||$133,459||$108,541|
|Computer Network Support Specialists||$60,758||$57,816||$66,150||$79,095||$55,932||$77,642||$71,442|
|Computer Occupations, All Other||$77,434||$78,471||$98,348||$89,856||$74,528||$108,504||$83,391|
|Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products||$54,080||$59,488||$61,505||$62,318||$56,371||$60,780||$60,224|
The Annual Business Operating Cost analysis below has been prepared using the following parameters as an estimate for software and IT operations in competitor markets. Component and custom analyses to match your company’s operations can be provided upon request if you’re looking to relocate or start your software and IT company in Greater Phoenix.
- $2,500,000 personal property investment
- 10,000-square-foot Central Business District
- Utilities (per month): Included in lease
- 50 jobs (Bureau of Labor Statistics equivalent occupations)
|Computer and Information Systems Managers||2|
|General and Operations Managers (Human Resources)||1|
|Computer Network Architects||4|
|Computer Network Support Specialists||2|
|Software Developers, Systems Software||10|
|Software Developers, Applications||15|
total operating cost
Please note that this is not a comprehensive list of all incentives available within the state of Arizona. Additionally, this information serves as a guide for potential incentives that depend on project parameters and program requirements.
arizona tax environment vs. competitor markets
Arizona has an attractive tax and fringe/mandated benefits environment compared to other major markets making Greater Phoenix a top city to start or relocate your software and IT business.
Quality jobs tax credit
- $9,000 of corporate income tax credits per job, spread over three years
- Capped at 10,000 jobs per year
- Employer must offer to pay at least 65% employee health insurance premium
COMPANIES IN GREATER PHOENIX
- Amazon Services
- Kudelski Security
Want to see a full list of companies in Greater Phoenix? Download the complete report.