Phoenix Business Journal
By most industry metrics, Phoenix is booming. From real estate, to technology, to manufacturing, the Valley is beating out traditionally stronger, more competitive markets, in part due to Phoenix’s willingness to allow companies to innovate and test out their cutting-edge technologies. The fifth-fastest growing city has become the testing ground for autonomous vehicles and fintech sandboxes, and while Phoenix certainly has some growing pains to overcome, it’s well on its way to establishing itself as a hub of industry.
The panelists in this discussion were Jordan Rose, president and founder of Rose Law Group PC; Sandra Watson, president and CEO of the Arizona Commerce Authority; and Paul Komadina, the senior managing director at CBRE. Here are some of the highlights.
What makes the Valley appealing to outside companies when they’re considering expanding or relocating?
Watson: There’s a combination of things that we have going for us. Our value proposition extends from our business climate, our tax breaks and permitting breaks. In addition to the business climate, we have a very favorable regulatory environment. We also have this enormous opportunity when it comes to talent. Many of you know, we have strong rankings from our three public universities. The companies we are talking to are struggling to keep talent engaged in their companies. Arizona offers a balance of a strong business environment, a good regulatory environment, a talent base that employers are seeking.