Partnered For Your Success
The Sun Corridor Partnership, an alliance of Arizona’s top economic development agencies, fosters connections within a low-cost, highsuccess operating environment.
Sun Corridor Services Grow with the Sun Corridor. With top-notch, confidential services tailored to your company’s needs, expanding in Arizona has never been so easy.
By working together, Phoenix, Pinal County and Yuma create cohesive strategies to help your company thrive in a global economy.
Expand in the Sun Corridor and optimize your business opportunities in one of 10 U.S. markets expected to see most of the nation’s growth in the next 35 years.
Labor Market Data/Employment Assistance:
Benefits of Doing Business in the Sun Corridor: • Geographic proximity to your markets and suppliers • Favorable tax climate with an overall state and local tax cost of 8.5% per capita, compared with a national average of 9.7%
Incentive evaluation, operating cost analysis, supply chain/industry analysis
Current wage/labor force data, demographics/housing affordability, connections with local employers Economic Impact Analysis: Economic impact and analysis per project, projected community benefit to encourage a competitive business package GIS Site-Selection:
• By 2017, corporate income tax rate expected to decrease from 6.9% to 4.9%
Dynamic and comprehensive list of value-based assets, unique buildings and shovel-ready sites
• Strong, high-tech economy placed in the Top 10 for technology-focused economies
Connectivity to Key Resources:
• Productive R&D activity as a leader in semiconductor device manufacturing, electrical systems, solid-state devices, aerospace & defense and more • 90-day-or-less permitting available by all partners and City of Phoenix offers 24-hour permitting inspections
2013 Maximum Corporate Tax Rate by State 14
4 2 0
Market entry assistance, connections with key business, university/college and political leaders, access to start-up resources
Sun Corridor Arizona Industries GREATER PHOENIX
• Advanced Business Services • Aerospace/Defense • Biomedicine • Emerging Technology • Renewable Energy • Manufacturing & Distribution • Mission Critical
• Aerospace/Defense • Agri-business • General Manufacturing • Health Services • Logistics • Renewable Energy • Warehouse Distribution
40 40 17
GREATER YUMA • Agri-business • Biocrops • Aerospace/Defense • General Industrial • Logistics • Renewable Energy
FLIGHT, RAIL AND DRIVE TIMES DRIVE TIME
Bay Area 750 miles • 12.00 hrs
Two-day Delivery area
Salt Lake City 635 miles • 11.00 hrs
Denver 930 miles • 12.50 hrs
San Diego 350 miles • 4.75 hrs
Tucson 125 miles • 1.75 hrs
El Paso 440 miles • 6 hrs
Alburquerque 475 miles • 6.25 hrs
DENVER SALT LAKE CITY
Las Vegas 285 miles • 5.25 hrs Riverside/InlandEmpire 310 miles • 4.10 hrs
Houston 1,185 miles • 17.50 hrs
OKLAHOMA CITY LUBBOCK
Dallas 1,120 miles • 5.5 hrs
LOS MOCHE TORREON MAZATLAN CIUDAD VICTORIA
More than 300 direct flights weekly to and from California through Sky Harbor International Airport and Yuma International Airport.
“I’m pleased to say that we’ve found a new home that will meet our business objectives as well as the personal needs of our employees and their families,” – John Bowe, President of the Americas for NOL Group and APL
Incentives • Quality Jobs Program – A $9,000 credit over three years for new qualified jobs • Job Training Program – grants up to $8,000 per employee for a maximum $1.5M • Renewable Energy Tax Incentive Program – Refundable corporate income tax credit for up to 10% of capital investments, including a 75% reduction in property taxes for up to 15 years • R&D Tax Credit – for research done in AZ, credit amount is 24% of first $2.5 million in expenses plus 15% of expenses thereafter • Qualified Facilities Refundable Tax Credit – the lesser of 10% of capital investment or $20,000 per qualified employee at greater than or equal to 125% of state median wage • Foreign Trade Zone – reduce duties and fees, and expedite the customs process for imports and exports. Receive up to 75% in property tax reductions
Educated Workforce • No. 1 in the nation for overall workforce* • Arizona State University (70,000 students), University of Arizona (39,000 students) and Northern Arizona University (25,00 students) provide one of the largest concentrations of science and technology students in the country • ASU ranks fifth among U.S. universities, tied with U.C. Berkeley and Yale and ahead of Stanford, Columbia, Cornell, Princeton and Johns Hopkins, among those in the top 40 producers of U.S. Fulbright students** • Yuma’s Arizona Western College and Northern Arizona University partnership is nationally recognized as a model community college/ university partnership • Established in 1976, The University of Arizona Cancer Center is one of only 41 National Cancer Institute-designated Comprehensive Cancer Centers in the nation. • 270,000 students atMaricopa Community Colleges
Low Costs • Overall state and local tax cost is 8.5% per-capita going to taxes compared to the national average of 9.7%** • Nationally ranks the lowest in unemployment insurance tax** • Arizona’s operating costs are 40% lower than in California • Right-to-work state • $1.71 compared to California’s $2.68 workers’ compensation rate
Strong, High-Tech Economy • The Milken Institute placed Arizona in the Top 10 states for technologyfocused economies • Ranked 7th for states in the best position for growth** • Leader in semiconductor device manufacturing, computer memory, solidstate devices, electrical systems and optics • Arizona is 11th in patents (per 1,000 workers)** • Arizona ranks No. 1 for startups, having the highest entrepreneurial activity rate of any state **
* Rated on several criterias: education level of the workforce, the relative success of each state’s worker training programs in placing their participants in jobs, the number of available workers and union membership. ** Sources available upon request.
“The Greater Phoenix region is a great place to locate a technology business, having a strong infrastructure and an educated talent pool of potential employees,” – Jeremy Stoppelman, CEO and cofounder of Yelp
Sun Corridor partners all guarantee 90-day-or-less permitting with City of Phoenix promising 24-hour turnarounds. There are more than 70 direct flights between Phoenix and San Jose alone each day.
“Accelr8 is developing a revolutionary product in the diagnostics area and we were impressed with the region’s emerging bioscience strength, innovation and support that can help ensure our future success,” – Lawrence Mehren, president and CEO, Accelr8 Technology Corporation
“This highly skilled work force has successfully ramped up new technologies for Intel over the years and has established a proven track record of successful, core product deliveries.” – Jason Bagley, Government Affairs Manager, Intel
“Yuma has been an excellent choice for InsulTech to expand its operations. Doing business in Yuma is very efficient and accommodating...coming from California, it is the way business is supposed to be! Yuma has an excellent labor pool that has made our expansion successful.” – Tom Bercaw, Owner/CEO, Insultech: Thermal and Acoustical Insulation
The Sun Corridor: a Home Away from Home for CA companies. These are some of the California companies already realizing the benefits of expansion in the Sun Corridor: • American Carpet Recyclers • APL • Assa Abloy/HES • Bell Carter Foods • Bryan College • Direct TV IT Support Center • Dunn Edwards • First American • Flagship Biosciences
• Flying Foods (Starbucks food distribution) • GAP • HotChalk • Insultech • International Rectifier (IRF) • Johnson Controls • Maxwell Technologies • Niagara Water • PayPal (eBay) customer support center
• Power-One • REC Solar • Safelite Auto Glass Customer Service Center • Shaw Industries • Silicon Valley Bank • Solar City • Tiny Prints • Yelp
YUMA: Located in the western passage of the Canamex Corridor, on the Mexican border, Yuma contributes to the region’s international trade segment. Accessing over 52 million consumers within a one day truck haul in California, Nevada, Utah, New Mexico, Texas and Mexico, it also is the central hub for transporation in the Southwest. With a population of 200,000 residents countywides, Yuma’s industry sectors include food technology, agriculture and aerospace and defense. GREATER PHOENIX: With more than 4.2 million people, Greater Phoenix is the 12th largest metropolitan in the United States and the financial, commercial, cultural, entertainment and governmental center of Arizona. Aerospace and defense, high-tech manufacturing financial services and IT companies all find success in Greater Phoenix. PINAL COUNTY: Located in the heart of the Sun Corridor, Pinal County’s low-cost land, transporation corridor, available workforce and power grid makes it a pro-business atmosphere. A population of over 380,000 people, Pinal County’s key industry sectors include mining, food manufacturing, logistics/ distribution, steel fabrication, aerospace, high-tech, national defense, agriculture and health services.
ARIZONA SUN CORRIDOR PARTNERSHIP Angela Talbot Office: (602) 262-8618 Mobile: (602) 821-4948 email@example.com
www.gpec.org/azsuncorridor www.gpec.org www.greateryuma.org www.pinalcountyaz.gov
Published on Feb 28, 2013
The Sun Corridor Partnership, an alliance of Arizona’s top economic development agencies, fosters connections within a low-cost, high-succes...