“We are not interested in the possibilities of defeat; they do not exist.” — Queen Victoria,
By Kristian Seemeyer | Phoenix Last Updated: May 14, 2015
PHOENIX—Greater Phoenix East Valley communities are leaders in Arizona economic development that is driving advanced business expansion, specialized job growth, higher wages and innovation. PHX East Valley is a national initiative led by the East Valley Partnership to advance business and quality of life in the region. Campaign efforts include coordinated business market reports, public and private sector networking events, and promotion of emerging economic clusters unique to the community.
PHX East Valley is comprised of the Tempe, Mesa, Chandler, Gilbert, Queen Creek, and Apache Junction cites. Global companies with headquarters in the region include The Boeing Company, General Motors, GoDadddy, Intel, Wells Fargo, Yelp and emerging leaders such as Able Engineering, InfusionSoft, Insight and more. Growth among advanced industries has aided a commercial and residential real estate recovery. Development has transformed local cities into bustling urban hot spots attractive to younger workforces, families and empty nesters that demand a work and play destination.
As part of the initiative, East Valley Partnership released a comprehensive economic profile earlier this year, including stats and facts on everything from climate, to population demographics, real estate averages and education trends in the PHX East Valley.
“The PHX East Valley economic profile shows that East Valley communities are outpacing the state and nation in vital areas that are key to continued economic growth such as higher education, wage growth, infrastructure development and progressive business policies,” says Roc Arnett, president and CEO of East Valley Partnership. “Public and private sectors are working together to adapt to the new normal, which is advanced economies based in science, technology, engineering and math.”
Government and business collaboration has been crucial to the area’s economic development. East Valley Partnership fosters these alliances with networking events such as the annual Statesperson’s Luncheon and Economic Forum.
To familiarize media and key business influencers, the East Valley Partnership recently hosted the PHX East Valley THRIVE Economic Diversity Media Fam. Media experienced firsthand the elements of business diversification that has allowed the region to blossom. Special presentations from Boeing, Able Engineering, Orbital ATK, Intel, Michael Crow of Arizona State University and the PHX East Valley Education leaders, SRP and many others detailed the steps that have been taken by these companies to promote expansion and diversification.
East Valley Partnership will promote the following business and community assets through the PHX East Valley initiative: a highly-skilled, young workforce, cutting-edge business research concentrated in STEM, home to global business leaders, higher education establishments providing a tailored annual renewable workforce, robust infrastructure, local renewable energy initiative, global medical destination and more.
John Graham, president and CEO of Sunbelt Holdings, developer of the massive Marina Heights project in Tempe, spoke at length during the Media Fam event. He told GlobeSt.com: “One of the biggest challenges was the complexity of such a large deal and the need for speed. It took a village. It took a great tenant (State Farm), a great architect and a host of other entities. By October 22 we will have people in seats and by mid-2017 the project will be complete. The project began at 600,000 square feet, then jumped to 900,000, then finally to 2.1 million. This constant adjusting added to the complexity of the deal. There are components of construction underway 24/7. It’s the biggest feather in our cap and it’s been nothing but enjoyable. If you see the project, it speaks for itself.”
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I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. I am also a commercial land specialist in Phoenix and a Landspecialist in Arizona. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
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Walter Unger CCIM
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Phoenix, AZ 85016
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