Greater Phoenix at CES 2022

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

Mark Paratore

Vice President, Business Development

602.262.8610 // mparatore@gpec.org

Carol Hu

Vice President, Strategy

602.262.8632 // chu@gpec.org

Zach Venvertloh Headshot

Zach Venvertloh

Manager, Business Development

602.262.8638 // zvenvertloh@gpec.org

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.

 

Connect with us

01

Operating cost comparison

02

Connectivity to key resources

03

Regional labor market data

04

Economic impact analysis

05

Site selection assistance

06

Public relations assistance

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

$7T

The “Passenger Economy” is projected to grow to $7T by 2050.

Source: Intel

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

$24B

The global blockchain market is expected to be worth $24B in 2024.

Source: Cision

$4.4M

The average investment in blockchain projects was $4.4M in 2020.

Source: Crunchbase News

$23.2M

 Global blockchain companies have invested $23.2M since 2016.

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