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.
34 2009 GREATER PHOENIX ULTIMATE GUIDE TO LIVING HERE business 45 Greater Phoenix Economic Indicators 2007 Population 3,907,492 Projected Population by 2030 6.3 million ( up 70 percent) 2006 Median Age 34 ( third youngest metro region nationwide) Median Income $ 51.862 2005 Disposable Income 40 percent Greater Phoenix house-holds: $ 50,000+ annually Consumer Confidence 2007 108 percent 2006 Gross Metro Product $ 160 billion 2007 Labor Force 2,064,300 2007 Employment 1,996,700 Projected Employment by 2030 3.4 million ( up 85.4 percent) 2007 Unemployment Percentage 3.3 percent Greater Phoenix Economic Council 2 N. Central Ave., Suite 2500 Phoenix, AZ 85004 800- 421- 4732 www. gpec. org Source: Greater Phoenix Economic Council The FBR Open, played each February at the TPC of Scottsdale, brings millions of dollars into the local economy. photos: The Arizona Republic GOT TALENT? Greater Phoenix continues to see a positive influx of raw talent, serving more students as it develops a workforce for the future. Annually, more than 20,000 students graduate from college within 150 miles of Greater Phoenix. And more than 380,000 students are enrolled in higher education institutions, among them Arizona State University ( which opened its state- of- the- art downtown Walter Cronkite School of Journalism and Mass Communication in August 2008), the nationally renowned Maricopa Community College system and the for- profit education leader University of Phoenix. Pearson Education, a leader in digital curriculum and instruction, is working on making the Valley its global flagship development center, having recently opened a 135,000- square- foot facility in Chandler. QUALITY OF LIFE In 2008, Phoenix was ranked No. 3 by Bizjournals among the " Least Stressful Metro Areas." The factors are easy to see: sunshine and a pleasant climate, a reasonable cost of living, plenty of arts and culture, excellent health care facilities, and outdoor recreation— not to mention hosting the 2008 Super Bowl and the 2009 NBA All- Star game, and the annual FBR Open, the best- attended event on the PGA Tour. In an effort to perpetuate the high quality of life standards, the city has initiated more than 80 environmental sustainability programs. One example can be seen at the new Phoenix Convention Center, which was awarded LEED Silver certification in 2008 by the U. S. Green Building Council for its energy efficiency. Another example is Valley Metro Light Rail, whose trains began running in December 2008. Across the U. S., housing prices have fallen, and Greater Phoenix hasn't been immune — the silver lining being that it's a buyer's market after an unprecedented streak of double- digit growth. " We went into the downturn a lot sooner than the rest of the country," said Todd Sanders, vice president of public affairs for the Greater Phoenix Chamber of Commerce, " So the expectation is that we'll be coming out of the slump sooner than most."