Greater Phoenix: Equipped with a large labor pool
Greater Phoenix is home to over 40 universities and institutions of higher learning that prepare the market’s workforce across a variety of industries making it one of the top research and development cities. The Ira A. Fulton Schools of Engineering at Arizona State University is the largest engineering school in the nation with 22,367 students enrolled in 2017 and 3,781 total degrees granted from 2016 to 2017.
Arizona State University’s engineering program ranked in the top 25 public institutions, according to U.S. News & World Report.
Arizona is supportive of research, especially when it includes our universities, and offers aggressive refundable and nonrefundable corporate income tax credits.
Some of the most prepared graduates in the country are in Greater Phoenix. Arizona State University ranked in the top 10 nationally for graduate employability.
Arizona State University has a total of 126 National Merit Scholars
In 2016, the University of Arizona ranked as the 20th top public research university out of 25 universities nationally.
In 2017, the Ira A. Fulton Schools of Engineering at Arizona State University had a total enrollment of 4,348 international students
Why Greater Phoenix? There’s an abundance of employees and competitive labor costs.
Refundable and nonrefundable corporate income tax credits for qualified research and development done in Arizona, including company funded research at a state university for 24% of first $2.5 million in qualifying expenses plus 15% of the qualifying expenses in excess of $2.5 million. These credits have enabled Phoenix to rank as one of the best operations cities for research.
What are the best research cities you may ask? Many companies come to Greater Phoenix for research and development. Greater Phoenix has become a top place to perform research due to the qualified candidates graduating from Arizona’s universities, the variety of tax credits and the amount of profit that can be made.
Companies in Greater Phoenix
- BAE Systems
- Banner Health
- Bishop Fox
- General Dynamics
- Insys Development Company Inc
- Inter Coastal Electronics Inc
- International Rectifier
- JDA Software
- Kudelski Group
- Laser Components DG
- Local Motors
- NXP Semiconductors
- ON Semiconductors
- Stealth Software
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