10 June 2016

Big Economic News from Office of Governor Doug Ducey

Kiplinger: Arizona Ranked #2 In The USA For Job Growth
"The state’s sunny climate and low taxes will continue to lure retirees as well as young folks. The low cost of living will draw tech entrepreneurs away from pricey Silicon Valley. Population growth will keep construction humming."
 
“The desert city’s information workforce has expanded by 39.29% since 2010, the third highest increase of any metropolitan area, just behind the Bay Area twins. In recent years a growing list of Bay Area firms have expanded into the Valley of the Sun, including DoubleDutch, Gainsight, Uber, Prosper Marketplace, Yelp, Weebly, BoomTown and Shutterfly. Silicon Valley Bank set up shop there five years ago as well.”
 
"The best business case was made to locate the headquarters in Phoenix,” said Richard Fennessy, CEO of Kudelski Security,  “It came down to workforce quality and pro-business environment. That’s why we’re coming.”
 
    “The Tucson area could see job growth double this year from 2015 levels, signaling the region's belated emergence from the Great Recession...What's more, the jobs that have grown most over the past year typically pay above-average wages. The five fastest-growing industries in Tucson have average wages higher than the area as a whole.”
 
“From our experience working with the State of Arizona, Mohave County and Bullhead City, it is evident the area is open for business.  We are excited to establish roots in this region, although we still have challenges to address to make this facility a success

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