1 City of Phoenix Christine Mackay, Community & Economic

1 City of Phoenix Christine Mackay, Community & Economic Development Director September 2017

Phoenix Area DEMOGRAPHICS Population 4.7M Workforce 2.3M Median Age 32.6 2 Some College Household Income 56.5% 5.8%

Greater Phoenix Communities Greater Phoenix: 4,569,800 Maricopa County: 4,152,800 67% of the State’s economy comes from Greater Phoenix 3

City of Phoenix Phoenix Size Phoenix – 518 Square Miles Los Angeles – 502 Square Miles Dallas – 385 Square Miles New York City – 468 Square Miles Austin – 305 Square Miles Population Phoenix – Growth 32,113 Los Angeles – 27,173 San Antonio – 24,473 New York City – 21,171 4 Educational Institutions Arizona State University University of Arizona Norther Arizona University Grand Canyon University Maricopa Community Colleges

City of Phoenix STRENGTHS & ADVANTAGES BUSINESSES ARE GROWING IN PHOENIX TALENTED, DIVERSE WORKFORCE, STRONG EDUCATIONAL ASSETS 5 IDEAL POSITION LOGISTICALLY PHOENIX STRENGTHS & ADVANTAGES STRONG CULTURE OF COMMUNITY AND IDEAS CLIMATE, OUTDOOR LIFESTYLE, PARKS, HIKING AND FAMILY OPPORTUNITIES ABUNDANT NATURAL RESOURCES DIVERSITY OF LIFESTYLES

Sectors & Areas of Economic SECTOR STRATEGIES AND AREAS OF FOCUS Focus City of Phoenix Sector Strategies Areas of Focus Advanced Business Services 13 Employment Corridors Manufacturing New Urban Tech Bioscience/Healthcare Vibrant 24/7 Central City Sustainable Technologies Community Development oRedevelopment Information Technologies Entrepreneurship Higher Education Entrepreneurship 6

City of Phoenix STABLE REAL ESTATE AND EMPLOYMENT MARKET Unemployment Average Wage (new jobs to market) Office Vacancy Industrial Vacancy New Development 7

8

9

City of Phoenix LARGEST PRIVATE EMPLOYERS #1 #5 In the nation for entrepreneurial activity (Fast Company) Fastest growing tech market (Fortune) 10 Banner Health 25,518 Wells Fargo 12,634 Honeywell 9,502 Bank of America 9,222 American Express 5,793 Pinnacle West Capital 5,284 U-Haul 4,627 Apollo Group 4,014 St. Joseph’s Hospital 3,770

City of Phoenix TECH TALENT 66,912 Direct employment in Information and Communications Technology jobs in Greater Phoenix 11,257 Number of software publishers in Greater Phoenix 11 14.4% Expected job growth by 2019 – outpacing Seattle, Denver and Austin 2,610 Number of custom computer programmers in Greater Phoenix

City of Phoenix RECENT TECH EXPANSIONS 12

Tech Trends in PhoenixFOCUS TECHNOLOGY ATTRACTION/EXPANSION City of Phoenix Healthcare / Bioscience Financial Services Big Data Cybersecurity Web Development Software Development Aerospace and Defense Autonomous Vehicles Entrepreneurship Circular Economy / Sustainability 13

City of Phoenix FINANCIAL SERVICES Goodbye New York , Hello Arizona Regional Financial Hub Broad company sector March 2017, hiring for finance and insurance jobs grew faster than any state in the Country over previous 12 months Technology and online banking mean companies have more opportunities for site locations 14

City of Phoenix CULTIVATE SMALL BUSINESSES AND ENTREPRENEURSHIP 12,434 Small Business in Phoenix Area 6,563 Small Businesses Export Goods 94% Business in Phoenix have 50 employees 15

16 Greater Phoenix encompasses distinct communities, each with its own identity and assets. Collectively, they offer vast opportunity. Because you don’t have to be entrenched in the business or social hierarchy of the region to succeed, Greater Phoenix offers everyone the chance to thrive and make a significant impact.

City of Phoenix Sky Harbor Airport 43 million passengers in 2016 2,100 daily domestic and international flights 120,000 boardings every day 21 daily international destinations PHX Major Carriers include: Air Canada Alaska Airlines America Airlines Ameriflight British Airways Condor Delta Airlines Frontier Airlines Hawaiian Airlines JetBlue Southwest Airlines Spirit Airlines United/Continental 17

City of Phoenix Light Rail 18 26.3 miles long currently 14.3 million passengers in FY2015 2015 ballot proposition approved 31.5B 35-year transportation plan Southern and Western expansion in the designing phase for 2019

City of Phoenix INFRASTRUCTURE Water Power 100 years of investment in the region’s water supply to prepare for growth Primary electric companies Arizona Public Service (APS) & Salt River Project (SRP) Using the same water use today as in 1957, planning has banked 9 million acrefeet of water underground in Arizona Ranked as top business service providers by J.D. Power & Associates Arizona’s population is expected to grow nearly 60% between 2009-2035 while water use is only expected to grow by 19 – 25% Palo Verde Nuclear Power Plant Largest nuclear power plant in the U.S. 3,942 MW capacity 19 Telecommunicatio More than 60ns fiber, telecom, broadband and wireless providers Robust fiber network with dependable telecomm infrastructure including CenturyLink and Cox

WIDE ARRAY OF RESIDENTIAL LIFESTYLES 20 Townhouses & Condos Single Family Residential Suburban Horse Properties Downtown Urban High-rise Apartments

City of Phoenix Dining Around Phoenix 21

City of Phoenix VIBRANT LIFESTYLE 22

23

HEALTHCARE ASSETS 8 Hospitals in the region that are in the Top 20 national for excellence Abrazo Health Banner Health Banner Alzheimer’s Hospital Barrow’s Neurological Institute Cancer Treatment Centers of America Dignity Health Honor Health Institute of Precision Medicine Mayo Clinic Hospital Mayo Proton Therapy Center Oasis Orthopedic Hospital Phoenix Children’s Hospital St. Luke’s Health Initiative SunHealth Translational Genomics Institute University of Arizona Cancer Center University of Arizona Medical School 24

25

All A rated schools 26 Local Educational Assets

27

City of Phoenix HIGHER EDUCATION ENROLLMENT 90,906 29,021 226,400 4,480 42,595 28 18,500

City of Phoenix MAJOR EVENTS 2008 NFL Super Bowl XLII & 2015 NFL Super Bowl XLIX NCAA College Sport events year-round, including 2 bowl games and the 2017 Final Four PGA’s best attended event is the Waste Management Open 29 NASCAR at Phoenix International Raceway hosts 2 annual Spirit Cup Races

City of Phoenix MAJOR LEAGUE SPORTS Arizona Cardinals NFL Arizona Coyotes NHL Arizona Diamondbacks MLB Phoenix Suns NBA 30 Phoenix Mercury WNBA

City of Phoenix ARTS & OUTDOORS 31 230 art galleries 50 performing arts theaters 40 museums 325 golf courses 300 days of sunshine annually Hundreds of miles of trails for hiking, mountain biking, rock climbing and off-road vehicles 182 parks in Phoenix covering more than 41,000 acres Two largest parks in the US

City of Phoenix EVENTS & FESTIVALS Arizona Jazz Festival Arizona Opera ArtLink First Fridays Assorted Culinary and Beverage Festivals Ballet Arizona Barrett Jackson Classic Car Auction Desert Botanical Gardens Fiesta Bowl Gammage Auditorium Heard Museum Lost Lake Music Festival McDowell Mountain Music Festival Mesa Arts Center MLB Spring Training Musical Instrument Museum Orpheum Theater PF Chang’s Rock n Roll Marathon Phoenix Art Museum Phoenix Symphony Phoenix Zoo Scottsdale Arts Festival Scottsdale Museum of Contemporary Arts South Mountain Park Tempe Beach Park Waste Management Phoenix Open for the PGA Tour West World Wickenburg Gold Rush Days 32

33 Contact Us PHOENIX IS HOT Christine Mackay Community & Economic Development Director 602-534-9049 [email protected]