Greater Phoenix: Where business thrives
Greater Phoenix is known as an environment for established and emerging business services operations. Companies here enjoy market advantages such as a robust business ecosystem, a diverse and talented labor pool, a low-cost operating environment and excellent connectivity to other major metropolitan markets.
Competitive Labor Costs
Thanks to minimal regulation, low unionization and being a right-to-work state, Greater Phoenix offers one of the most competitive labor costs in the western U.S.
Access Other Markets
Robust transportation options including Phoenix Sky Harbor International Airport, rail lines and rail-served sites, and access to West Coast ports.
Room To Grow
Select amounts of Class A office space are still available for lease in key commerce corridors.
The corporate income tax rate decreased to 4.9% in 2017
Projected employment growth in over the next decade is 10%, compared to the national average of 6%
Greater Phoenix experiences only 0.3% downtime in power with an outage time less than 30 minutes
Greater Phoenix’s large talent base and competitive labor costs make it the place for businesses to go to scale.
Advantageous Business Climate
Greater Phoenix is the ideal operating environment for advanced business services operations. From a stable, predictable climate to a robust pool of continuous talent, the region provides companies the opportunity to expand and grow their operations. With aggressive tax credits and incentives, the region’s policymakers have continuously supported its pro-business climate.
As the third largest labor pool in the western United States, Greater Phoenix offers a vibrant workforce. Arizona State University’s W.P. Carey School of Business ranks 29th in the full-time MBA programs, and its Department of Supply Chain and Logistics is ranked in the top five nationally by U.S. News & World Report for undergraduate and graduate programs.
Arizona Competitiveness Package: The corporate income tax rate decreases to 4.9% in 2017. Sales Factor increases each year up to 100% in 2017.
Quality Jobs Tax Credit: $9,000 per qualified employee.
Refundable Qualified Facilities Tax Credit: Up to $20,000 per qualified employee.
Angel Investment Program: Provides income tax credits up to 35% for investors of small businesses.
Companies in Greater Phoenix
- American Express
- Apollo Education Group
- Bank of America
- Charles Schwab
- Discover Card
- Integrate Inc.
- JDA Software
- Northern Trust Bank
- Silicon Valley Bank
- State Farm
- Union Bank
- Waste Management
- Wells Fargo
“In our business, we frequently represent companies who are trying to decide where to locate their facility. I would never go into a meeting with one of these prospects without GPEC as our partner.” …Read moreCathy Teeter, Managing Director, Advisory & Transaction Services, CBRE
“GPEC has a long history of top-notch talent supported by a strong and unique public/private partnership that has been a model for other communities throughout the country.”Chris Zaharis, Executive Vice President, Empire Southwest
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