32 2009 GREATER PHOENIX ULTIMATE GUIDE TO LIVING HERE business 1 MIXING IT UP High tech, aerospace, financial services, manufacturing, telecommunications, health care, education, insurance, and natural resource and mining companies… it's all part of the modern Phoenix mix. Significant resources have been devoted to the biomedical and biosciences complex in the downtown Phoenix Bioscience Center, with a blend of public and private funding devoted to attracting new businesses and talent. In addition, the city of Phoenix has dedicated millions of dollars toward development of a bioscience high school and The Plaza Cos.' bioscience project, which includes facilities for small biotech firms. Also on the healthcare front, Scottsdale's SkySong ( the ASU Scottsdale Innovation Center) has added Allviant, a leader in healthcare industry technology platforms, as a tenant. Meanwhile, aerospace potential continues to soar. In September 2008, Brazil- based Embraer opened its 47,700 square- foot facility at Phoenix- Mesa Gateway Airport, dedicated to full- service photo: The Arizona Republic Factors that contribute to Greater Phoenix's cachet as a modern economic powerhouse by Jake Poinier I n a turn on the old phrase, you could say that Greater Phoenix is a great place to visit and you'd want to live there. Established for more than half a century as a top travel destination and ranked No. 1 by Hotwire. com in 2008 for vacation affordability, the Valley of the Sun has turned its sights toward the business world — earning the title of " One of North America's Large Cities of the Future" from Foreign Direct Investment magazine, published by London's Financial Times. The metro area placed first in development and investment promotion and fourth in infrastructure; in addition, the northwestern suburb of Surprise ranked among the publication's top 10 " Micro Cities of the Future." As evidence of the Valley's clout in the technology world, the Center for Digital Government recently recognized Phoenix as one of the Top Ten Digital Cities in the U. S., thanks to the Phoenix Regional Wireless Network and the city's e- commerce infrastructure. Far from resting on its laurels, however, the Valley is continuing to leverage its five particular strengths as it heads into the future: Sun Sp5ots Shade structures, like SkySong in south Scottsdale, are popping up all over the Valley. Phoenix is one of the Top Ten Digital Cities in the U. S.
2009 GREATER PHOENIX ULTIMATE GUIDE TO LIVING HERE 33 business 2 3 COMMERCIALPAINTING & WALLCOVERING • Commercial, Industrial,& Property ManagementRepaints • Familyowned& operatedfor34years OFFERING: • Specialtyfinishes, woodstains, wall coveringinstallation, artisticrestoration & fauxfinishing, stuccopatching Forinfoorestimatescall: Dave 602.469.0629 ore- mailcochranpt@ aol. com Office: 623.930.5659 Fax: 623.930.5750 Licensed• Bonded• Insured• References License# ROC125653 CoChran Painting, inC. WestwardHoHotel• 618N. Central• Phoenix, AZ85004 Apache Junction: 2.2 Avondale: 2.5 Buckeye: 2 Carefree: 3 Casa Grande: 1.8 Cave Creek: 2.5 Chandler: 1.5 Fountain Hills: 2.6 Gilbert: 1.5 Glendale: 2.2 Goodyear: 2 Guadalupe: 3 Litchfield Park: 2 Maricopa: 2 Mesa: 1.75 Paradise Valley: 1.65 Peoria: 1.8 Phoenix: 2 Queen Creek: 2.25 Scottsdale: 1.65 Tempe: 1.8 Youngtown: 3 SOURCE: League of Arizona Cities and Towns care for the Company's Phenom and Legacy executive jets. Hawker Beechcraft recently announced that it would join Embraer, Cessna and Crown Air among the major aviation companies at Phoenix- Mesa. BEST IN THE SOUTHWEST Even during an economic slowdown, the Southwest maintains its appeal for migration. Greater Phoenix has outpaced the U. S. population for 15 years and counting, recently passing Philadelphia as the nation's fifth largest city in population; by 2030, projections estimate 70 percent additional growth. No longer is central Arizona just for retirees, either, with an average age of 34 making it among the country's youngest metro areas. Diversity of population and industry helps keep the city a significant draw, year in and year out: Phoenix has experienced negative or zero employment growth in only four of the last 54 years. GOOD WORK Phoenix- Mesa- Scottsdale ranked 32nd among the Milken Institute's 2008 Best Performing Cities, which ranks U. S. metropolitan areas based on their ability to create and sustain jobs, including short-and long- term employment and salary growth as well as technology output growth. While that is a step back from previous years, the bright spots included top 10 rankings in Five- Year Job Growth and One- Year Wages & Salaries Growth. The Arizona Department of Commerce Research Administration projects employment to drop 0.5 percent in 2009, but shows positive growth in natural resources/ mining, education and health services, and leisure and hospitality sectors. City sales tax rates in Greater Phoenix Arizona Transaction Privilege Tax ( sales) and Use Tax rates generally are 6.3 percent. The state of Arizona does not levy a state tax on food for home consumption or on drugs prescribed by a licensed physician or dentist. However, some cities in Arizona do levy a tax on food for home consumption.