April 17, 2012
Caption: Mayor Greg Stanton
Mayor Greg Stanton will travel to San Francisco and Silicon Valley next week to establish Phoenix as a lead contender for companies considering relocation or expansion opportunities outside of California.
City Manager David Cavazos and GPEC President/CEO Barry Broome will accompany Stanton to meet with information technology, clean technology and manufacturing companies in the Bay area.
"As Phoenix leads Arizona into a new and strong economic future, we’ve got to think outside the box to attract business and jobs,” Stanton said. “As these companies continue to grow faster after the recession, we want to partner with them and offer them the best city with the best work force in the country so we can be mutually successful.”
Stanton, Broome and Cavazos will travel Monday to California. Due to the confidential nature of the visits, the names of the particular companies will not be released. They will meet with the companies to discuss their expansion or relocation plans, due diligence on national markets and provide an overview of the Phoenix region’s assets. They also will discuss opportunities for foreign investment.
“California represents one of the metro area’s greatest partnership opportunities,” said Barry Broome, president and CEO of the Greater Phoenix Economic Council. “Already, we’ve seen companies like HotChalk, PayPal, eBay and Silicon Valley Bank expand from the Bay Area to the region. Mayor Stanton has made economic development one of his priorities and we look forward to working with him on this trip and many more to follow.”
Cavazos said the business trip is part of a long-term strategy to set Phoenix’s economy on the right path for the future.
“Phoenix’s potential for widespread economic growth is evident in various fields here – medical, bioscience and technology – and we want to further that growth by meeting potential partners in person,” Cavazos said.