Economic Climate

Arizona is the fastest growing state and Phoenix is the fifth largest city in the U.S. The metro region has more than four million residents. Located adjacent to California and Mexico, Arizona provides excellent access to markets in the US Southwest and Latin America.

Arizona at a Glance

Over 6.5 million in population
Key contributors to Arizona’s economic strength are high-tech manufacturing in semiconductors, electronics and aerospace and strong health care, construction, financial operations, distribution, professional services and tourism sectors.
In 2007, Arizona’s $8.7 billion of high tech exports ranked 6th in the U.S.
Arizona provides excellent access to markets in the southwest US, Mexico and Latin America. There is proximity to California (world’s 8th largest economy) with operating costs up to 40% lower.
Arizona and Greater Phoenix were named the top “Hot State” and “Hot City” for Entrepreneurs, respectively, by Entrepreneur Magazine (Sept. 2006)
Arizona ranked 2nd in the Kauffman Foundation’s ranking of entrepreneurial activity by U.S. state. Phoenix ranked 1st among the top 15 metros in the same study.
Arizona ranked 3rd by Business Facilities magazine in terms of cost of labor (July 2008)

Phoenix Metro Area at a Glance

Over 4.2 million in population
Greater Phoenix accounts for two-thirds of Arizona’s economic activity. Its Gross Metro Product of $181.6 billion is the 15th largest in the U.S. and ranks ahead of San Diego and Denver and is larger than the GDPs of Israel, Malaysia and Singapore.
Sky Harbor International Airport is the world’s 7th busiest airport
Greater Phoenix ranked 1st in Expansion Management’s ranking of best large metros for recruitment and attraction (May/June 2007)
Greater Phoenix ranked 2nd in Inc. Magazine’s “Best Large Cities for Doing Business in U.S.” list (May 2007)
Greater Phoenix ranked 3rd in Forbes’ “Best U.S. Cities for Jobs” index (Nov 2007)
Greater Phoenix ranked 4th in the Milken Institute’s “Best Performing Cities” Index (Oct 2007)
Greater Phoenix named one of 10 “North American Cities of the Future” by fDi Magazine
The Metro Area also scores high marks for its nightlife, cultural amenities and job growth.

Quality of Life

Today's workers want quality of life as well as quality of work. The Scottsdale community is one of the finest areas of the Valley in which to live, work and play. It has many residential options including multi-family apartments, condominium communities and family neighborhoods near SkySong, all within the award-winning Scottsdale Unified School District.

With more than 300 days of sunshine annually, low humidity and mild winters, Scottsdale has extensive recreational amenities including miles of dedicated bike paths and hiking trails, greenbelt and parks, over 180 golf courses and is adjacent to State and Federal parks and preserves within 2 hours of the metro area. Scottsdale also is home to luxury resorts, fine shopping, sports facilities, museums, art galleries and the greatest variety of restaurants and clubs in the Valley. The Downtown/Old Town Scottsdale areas include many restaurants and nightclubs as the area boasts an exceptionally vibrant nightlife.