Heat-ready and resilient, Phoenix is one of the top cities for business

For decades, Phoenix has been taking a proactive and strategic approach to sustainable growth and development, making this desert city one of the hottest places to do business in the country.

📈Here's the deal: Phoenix provides access to talent, a business-friendly environment and a central location.

• Phoenix has a strong job market with strong growth prospects, rated #1 in job growth in the U.S. among Emerging Life Science Markets.
• Between 2010 and 2021, Phoenix's employment grew an average of 37%. As of May 2024, its city-wide salary average is 22% higher than the national average.
• Over 300 tech companies are located in Phoenix as of 2024; its software jobs are expected to grow 34% by 2030.
• Phoenix plays host to companies such as Banner Health, American Express, Taiwan Semiconductor Manufacturing Company (TSMC), USAA and Asurion, among many others.
• There are over 15 educational institutions located in Phoenix providing a variety of degrees, certificates and trainings. Since 2010​​, Phoenix has seen a 64% increase in Bachelor's degrees attained.

An example: Honeywell's Aerospace Headquarters and related manufacturing facilities have thrived within the Gateway Corridor for decades because of their convenient proximity to the airport, major freeways and downtown Phoenix. A vibrant and growing skilled labor pool in Greater Phoenix has also produced scores of Honeywell employees that often span more than one generation.

🚰Even better: Living in a desert climate requires being proactive and not taking resources for granted. Phoenix has done just that, making choices to ensure its stability in the long term.

• Phoenix has secured a 100-year assured water supply, ensuring that businesses and residents have a reliable water source for the future.
• The city's advanced water recycling systems repurpose wastewater for non-potable uses such as irrigation, industrial processes and replenishing groundwater.

The takeaway: Phoenix is not running out of and will not run out of water.

☀️Plus, plus, plus: It's not just the business environment that makes Phoenix an attractive place to set up shop.

• The city boasts clear skies 320 days out of the year. According to the National Weather Service, the average temperature in 2023 was 77 F. The average high was 88.8 F and the average low was 65.3 F.

• Phoenix has many parks and outdoor activities close to nature. Two of the largest urban parks in America are in Phoenix: The Sonoran Desert and South Mountain Park.
• Phoenix's thriving arts and culture scene includes the nationally renowned Roosevelt Row Arts District.
• 15 Major League Baseball teams play a combined total of more than 200 spring training games at 10 stadiums in the Cactus League.
• Phoenix has clean, comprehensive, well-maintained freeways and highways. No toll roads exist in Arizona.

"Downtown Phoenix's accessibility, dedication to art and culture and emphasis on education makes this urban center a natural draw for investors," says Matt Root, CEO of Parallel. "With a well-educated workforce living within a 10 mile radius, plenty of entertainment and strong investments from the public and private sector, Downtown Phoenix is everything a downtown needs to be in today's market."

The takeaway: Phoenix has a pioneering spirit and welcoming attitude toward people, business and success. Businesses committing to Phoenix join a community rich with opportunity, innovation and economic vibrancy.

You have a choice, make it Phoenix.