Sixth Largest US City
Phoenix is the sixth 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. Phoenix has an excellent quality of life, with 320 days of sunshine, proximity to skiing, boating, hiking, and a multitude of other outdoor activities. Major professional sports and cultural entertainment venues, affordable housing, and beautiful sunsets and mountains surround Phoenix.
Younger than Average Population
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.
Talented Labor Pool
The Phoenix area has a talented labor pool fed by over 300,000 current college students. All three Arizona public universities have a presence in Phoenix, nine private academic institutions offering undergraduate and graduate degrees are located in Phoenix, and there are 17 other academic institutions.
Relatively Low Cost-of-Living
The cost of living and doing business in Phoenix is lower than in many other major metropolitan areas in the United States. Real estate, both residential and commercial, are plentiful and affordable in Phoenix. Businesses located in Phoenix enjoy reasonable operating costs because of our low taxes and affordable labor rates.
Phoenix Sky Harbor International Airport
Sky Harbor International Airport, owned and operated by the City of Phoenix, is one of the 10 busiest airports in the world for aircraft operations with non-stop flights to every major American city.
Strong Presence in Established Industries
Phoenix has a strong presence of companies in the aerospace, bioscience, IT, software development, and renewable energy industries.
Abundant Energy Supply
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.
Water Supply Meets 100-Year Demand
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.
Excellent Access and Infrastructure
Phoenix is the hub of the rapidly growing Southwest, close to the major markets of Los Angeles, San Diego and Las Vegas. Highways and Railways provide efficient access to major Western US cities and Mexico. The 20-mile light rail line through Central Phoenix , Tempe and Mesa, has been operational for five years and serves over 13 million passengers annually.
Economic Strengths of Phoenix
- Secure Operating Environment – Absence of catastrophic weather and seismic activity.
- Quality Workforce – Outstanding university and community college systems ensure business workforce needs are met.
- Strong Infrastructure Assets – Solid transportation systems, reliable utilities, a leader in water resources planning & water management and world-class telecommunications infrastructure