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Opportunities and Resources - En Español

International firms such as Sumitomo, ST Microelectronics, CEMEX, and Stantec, have already discovered the advantages of locating in Phoenix.  Sumitomo of Japan has a plant that manufactures silicon wafers.  The European company ST Microelectronics has a factory that produces semiconductors.  CEMEX of Mexico has concrete mixing plants and distribution facilities.  Stantec Consultants, a subsidiary of a Canadian company, is one of the largest engineering firms in Phoenix.


Opportunities

  1. Phoenix is the fifth largest city in the United States with a population of more than 1.5 million residents and an extended metropolitan population of more than 4.4 million residents.

  2. The gross Metropolitan Product of Phoenix grew in real terms by 7.6 percent in 2006, faster than any other U.S. city, to reach $180 billion.

  3. The cost of living and doing business in Phoenix is lower than in any other major metropolitan area in the United States.

  4. Phoenix has particularly good opportunities for companies in the aerospace, bioscience, IT, software development, and renewable energy industries.

  5. Phoenix is the hub of the rapidly growing Southwest, close to the major markets of Los Angeles, San Diego and Las Vegas.

Resources

  1. The Phoenix area has a talented labor pool fed by 330,000 college students.  There are four public and about nine private academic institutions located in the Phoenix metropolitan area.  list of academic institutions

  2. The median age of the population is 33 years old, younger than the national average, and 28 percent of the total population hold a bachelor's degree or higher.

  3. Phoenix international airport, Sky Harbor Airport, is one of the ten busiest airports in the world for aircraft operations with non-stop flights to every major American city.

  4. Arizona has an abundant supply of electricity from various sources, including the largest U.S. nuclear plant, dams, coal and gas burning plants as well as wind and solar plants.

  5. The water supply to Phoenix via canals from local reservoirs and the Colorado River is adequate to meet projected population growth for at least the next 100 years.