The impending Internet of Things (IoT) revolution is creating new international investment opportunities for Greater Phoenix

Investment Plan

NOTE: This report was published in 2017 and the data on this page is reflective of that.

 

IMPROVING GLOBAL READINESS BY DEFINING AN INDUSTRY IDENTITY

The Metro Phoenix Global Investment Plan examines the challenges and opportunities for attracting and retaining foreign direct investment in Greater Phoenix, and develops strategies for establishing the region as a leader in the Internet of Things (IoT) and sensor technology applications. The initiatives outlined in the plan are designed to encourage growth of the region’s legacy and emerging IoT assets and improve global readiness, trade, international investment and the region’s competitiveness.

Key Findings

Little Historic FDI into legacy industries

Historically, foreign direct investment into Greater Phoenix has not been aligned with the region’s aerospace and microelectronics clusters.

International Opportunities

The impending Internet of Things (IoT) revolution is creating new international investment opportunities for the region.

well positioned

Greater Phoenix is well positioned to capitalize on the evolution and growth of sensor application industries.

Foreign Entry Growth

Due to demographics and the structure of the region’s economy, foreign entry through mergers and acquisitions will continue to grow over the next five to 10 years.

Small Expansions are Major

Small expansions are becoming a larger portion of domestic and international investment into Greater Phoenix.

High Quality of Life

Many companies who initially consider Greater Phoenix for its low costs, business-friendly environment and market size, are drawn to the region for the exceptional quality of life.

A Need for Connectivity

Many international companies feel highly courted entering the market, but seek additional connectivity after arriving.

Crucial Partnerships

Canada and Mexico are essential partners for both trade relations and long-term investment opportunities; Europe and Asia are essential for near-term FDI strategy.

1573

There are 1,573 FOEs operating in Greater Phoenix

$18.5B

Real value of exports (2015)

120K

Total export supported jobs (2014)

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