“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me email@example.com. …. VIEW ALL OF WALTERS LISTINGS. Let me know if you are interested in Apartments: CLICK HERE FOR APARTMENTS FOR SALE
Arizona’s technology sector is booming, and our community has never been stronger than it is today. Technology companies such as GoDaddy, Benchmark, Carvana, Axon and Infusionsoft have Arizona as their headquarters, helping attract top-level talent across the world to our state. The startup community is growing rapidly because of a plethora of resources such as the co-working spaces CO+HOOTS and Galvanize, and an uptick in investment capital.
Through the work of leaders in this community, a pro-technology government, and emerging sectors such as artificial Intelligence, blockchain and cybersecurity, Arizona has established itself as one of the premier locations for innovation. Phoenix is well-positioned to meet our goal of becoming a leading technology hub, especially when considering the rising cost of living in the “traditional” U.S. technology cities.
Recently published reports corroborate the progress, including the Arizona Technology Council’s Industry Impact Report conducted by eImpact, Greater Phoenix Economic Council’s and CBRE’s The Phoenix Tech Story and CBRE’s Scoring Tech Talent in North America. Collectively, these reports show a growing technology workforce of 168,211 jobs, more than 8,000 technology companies operating in the state, a pattern of innovation and an engagement of diverse stakeholders. Arizona has proven itself to be a catalyst for the technology industry.
A pro-technology government leads the way
Steven G. Zylstra is president and CEO of the Arizona Technology Council.
One of the key reasons for this success has been Gov. Doug Ducey’s focus on Arizona being “open for business.” It’s more than a campaign slogan; it’s a promise he and others have upheld. The governor has created a business environment that is welcoming to businesses of all sizes, especially those in the technology industry. The commitment to a technology-friendly environment has not stopped with our governor. It is something shared by many of our legislators.
One of the primary goals of the Council is to work with our members and the Legislature to develop and pass pro-technology legislation that benefits the economic development of the state. In past year, there have been a number of major legislative wins for the technology community.
One of the most significant legislative wins has been the recapitalization of the Angel Investment Tax Credit program. Over the past three years, the Council succeeded in gaining the necessary support to pass the measure. Arizona’s technology community rallied to lobby for recapitalization, which resulted in $10 million being put back into the program. This program is critical to the Arizona startup community, as it helps to incentivize investment for startups. It does this by giving investors a 30 percent state credit on qualifying investments, or 35 percent for investments in rural or bioscience startups.
Another major legislative milestone was the extension of the Research & Development (R&D) tax until 2021 to maintain base credit levels, which were due to sunset in 2018. The refundable R&D tax credit program gives the Arizona Commerce Authority the ability to approve refunds up to $5 million in any calendar year for companies with fewer than 150 employees. This credit remains a key driver of our competitiveness in the U.S. market, as it is the top research and development tax credit in the nation.
Working with the Arizona Astronomy Consortium, the Council also was successful in negotiating an amendment to a bill that threatened Arizona famed dark skies. Working with Sen. Sonny Borrelli and Lamar Advertising, technology leaders were able to protect the dark skies while still accomplishing Lamar’s economic development goals featuring lighted highway billboards in Mohave County. While the measure allowed electronic billboards within a 40-mile radius of Bullhead City, the Council fought to limit the number of billboards to 35, cap the illumination to 200 nits and restrict the areas where billboards are permitted. With potential statewide implications, the amendment includes language that encourages the advertising industry to minimize light pollution and to use modern, state-of-the-art technology that mitigates the impact of light from electronic billboards.
In education, Ducey made a significant commitment to improving Arizona schools, as well as improving compensation for our children’s most important resources, teachers. In January, the governor announced a plan to restore recession-era cuts to a key part of the school funding formula. The plan includes the restoration of $371 million in District Additional Assistance and Charter Additional Assistance, phased-in over five years for needed school items such as desks and textbooks.
Ducey also introduced the 20×2020 plan, providing a 20 percent boost in teacher pay over the next three years – including 10 percent in the 2018 school year – and a significant increase in flexible dollars to Arizona schools for support staff, new textbooks, upgraded technology and infrastructure. Both the 20×2020 plan and the recession-era cuts restoration have been fully supported by the Arizona technology community because the future of our industry depends on the education of our youth.
In STEM education, we are seeing a serious commitment by the federal government to fund at the state level those programs that motivate children and parents to get more involved in STEM education and develop the skills necessary for careers in technology. U.S. workforce entrants in recent years have lacked STEM skills, which is why our dependence on foreign talent has been so high. To help develop solutions, Sandra Watson, president and CEO of the Arizona Commerce Authority, and I were nominated by the governor to attend the inaugural White House State-Federal STEM Education Summit in June. The summit provided an opportunity to work with the federal government to help them understand which programs have the most impact in allowing children and young adults to explore in-demand career paths and allocate resources towards those programs.
Emerging sectors making a huge impact
One of the reasons our state has been so successful in attracting new business, as well as top STEM-educated talent, is the emergence of new and exciting technology sectors. These fields are among the fastest growing in Arizona, accelerating the technology industry and adding jobs. They signal innovation and future opportunities in a variety of disciplines:
Additive Manufacturing (3D Printing): 3D printing is an industry in which Arizona has proven to be a leader. Arizona State University (ASU) early last year opened the Southwest’s largest additive manufacturing research center, the Manufacturing Research and Innovation Hub. The center boasts $2 million in cutting-edge plastic, polymer and metal 3D printing equipment. Organizations like PADT and Honeywell are also exploring new ways to develop end-use parts for the aerospace sector with metal 3D printing. There are a number of innovative technologies developing in this area that will revolutionize manufacturing in Arizona, which is home to about 5,000 manufacturing companies. Additional organizations innovating in the space include Titan Industries, Carbon 3D and Stratasys.
Artificial Intelligence (AI) and Machine Learning: AI and machine learning soon will creep into every piece of software and connected device imaginable, as many companies are implementing or experimenting with the application. In our state, there is a great deal of research occurring at the university level. The University of Arizona has an entire lab dedicated to this research, which provides hands-on learning for its students, while ASU’s Consortium for Science, Policy & Outcomes is devoting attention to both AI and machine learning. Both universities are producing top talent who will apply this technology to future innovations of their own. There are also many applications of this technology in sectors such as marketing, with companies like Digital Air Strike implementing intelligent messaging and machine learning into its digital marketing tools, and cybersecurity, where WiZR has developed an industry-leading, AI-based computer vision technology with Internet of Things integrations.
Autonomous Vehicles: This is a sector where Arizona really shines. We lead the nation in the operation and testing of autonomous vehicles after our state government paved the way for these innovations. Some of the largest technology companies in the world, including Waymo, Lyft, GM, Veyo and Intel, are honing autonomous vehicle technology in the Valley. As these innovations progress and are proven, the opportunity for this sector to flourish becomes massive.
Financial Technology (FinTech): Financial technologies like blockchain and cryptocurrency have incredibly promising applications. For instance, a decentralized exchange system using blockchain would help individuals avoid corrupt and greedy governments in developing countries. As the sector matures and Arizona legislators open up to exploring the technology, we will see an influx of blockchain companies emerge. FinTech expands far beyond blockchain and cryptocurrency but this technology is the hottest in the sector at the moment. There are a number of very promising companies currently in Arizona’s FinTech sector, including BillingTree, Desert Financial Credit Union, CardFree and Upgrade, as well as a number of startups with exciting blockchain innovations such as KryptoPal and Sweetbridge.
Arizona is business-friendly, offers a competitive advantage in regard to cost and has a deep talent pool. The technology industry is rapidly expanding and, thanks to outstanding education programs offered by many schools, talent is becoming readily available to businesses. Arizona is well-positioned to claim its place in the national playing field of competitive technology markets.
This is just a snapshot of the exciting things going on in our technology sector today. Our community continues to grow with the Council leading the way, advocating for technology development and growth, as well as influencing public policy to match Arizona’s technological and economic goals. We are well on our way to competing with the nation’s leading technology hubs.
Steven G. Zylstra is president and CEO of the Arizona Technology Council.
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org. …. VIEW ALL OF WALTERS LISTINGS.
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME 520-975-5207 OR E-MAIL ME email@example.com
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me firstname.lastname@example.org
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. 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.
Please reply by e-mail email@example.com or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
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