PHOENIX — Being Arizona’s largest city isn’t enough to land a new company. Suburbs are attracting more companies with promises to waive fees, help covers the costs of streets and water lines and provide job training. Recent examples include Chandler offering eBay and PayPal up to $5 million in incentives while Goodyear offered $1.5 million to Dick’s Sporting Goods.
A report that Phoenix council members will review this week calls for the city to create a formal plan to attract more businesses and jobs.
The four key strategies:
Invest in strategic land use planning and make capital infrastructure improvements in major employment corridors to enhance the inventory of ready-to-build employment locations
Commit resources to job training
Cultivate entrepreneurship and emerging enterprises
Pursue redevelopment at strategic site locations throughout the city
Develop new marketing strategies to sell Phoenix
According to the report, Phoenix’s Economic Development Department has helped more than 110 companies locate or expand operations in the city over the past three years. The city says the companies created more than 11,600 jobs with an average annual salary of $34,900.
Between 2007 and 2010, the Valley lost a quarter million jobs. So far, nearly half have been regained. Phoenix’s plan calls for spending $10-15 million a year and four staff members to support programs to attract businesses.
- Stretches and exercises for carpal tunnel syndrome
- The best Major League ballparks have their own personality
- Comparing the best regular seasons: The '96 Bulls and '16 Warriors
- 3 Arizona road trips and the vehicles to get you there
- Colon cancer is preventable. Check these signs and symptoms to stay healthy.
- 6 of the biggest skin cancer myths
- Affordable small home makeover ideas
- Locals helping locals: 6 success stories you need to know about
- Sunscreen facts that could save your life
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Overlooked water tips to save you money
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food
- 5 spring cleaning spots everyone forgets
- 5 reasons to look forward to watching the D-backs this season
- Common virus attributed to spike in head and neck cancers
- 5 signs it’s time to end your timeshare ownership
- 3 most overlooked ways to keep your home healthy
- 6 ways the air in your home could be making you sick
- CrossFit dangers: 5 common injuries and how to deal with them
- Today's radiation treatments offer better success, fewer side effects
- Tips to make watching TV on the patio even better
- What really happens when you donate to a community college?
- Sun and skin cancer: Separating fact from fiction
- 5 critical lifestyle changes for a healthy colon