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.
Greater Phoenix: By the Numbers
4.9%
The Arizona corporate income tax rate is only 4.9%.
Arizona Department of Revenue
13%
Projected employment growth over the next decade (2023-2033) is 13%, compared to the national average of 10%.
Lightcast 2023 Q3
<2
Greater Phoenix power customers experience less than two hours of outage time per year, one of the lowest in the country.
U.S. Energy Information Administration
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 fourth 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.
Sources: Bureau of Labor Statistics; W.P. Carey School of Business, ASU;
Competitive Incentives
Arizona Competitiveness Package: The corporate income tax rate decreased 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.
Sources: Arizona Department of Revenue; Arizona Commerce Authority
Companies in Greater Phoenix
- ADP
- American Express
- Apollo Education Group
- Bank of America
- CDW
- Charles Schwab
- Chase
- CSAA
- Discover Card
- Freeport-McMoRan
- GoDaddy
- IBM
- Integrate Inc.
- JDA Software
- Microsoft
- Northern Trust Bank
- Paychex
- PayPal
- SAP
- Silicon Valley Bank
- State Farm
- Union Bank
- USAA
- Vanguard
- 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 more
Cathy 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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