growing our economy

GPEC lays the groundwork for a brighter future.

B3A7574-Edit_600pxIf you’ve ever wondered why mega companies like Amazon, Intel and PayPal plant their roots in our desert region, chalk it up to the tireless efforts of the Greater Phoenix Economic Council (GPEC). For more than 25 years, the nonprofit has been committed to recruiting high-caliber companies from around the world to Greater Phoenix with the ultimate goal of creating quality, top-salaried jobs in the region. “We drive the strategy on the regional economy, which is inclusive of 23 cities in Maricopa County along with 170 private sector companies in a public-private partnership. The goal is to grow and support the expansion of high-wage jobs and capital investment,” says Chris Camacho, Executive Director of GPEC.

Having recruited 525 companies to Greater Phoenix—resulting in 100,000 new jobs, $11 billion in capital investment, and $3.3 billion in payroll to the region— GPEC continues to attract the best and the brightest. In the current fiscal year, the organization has been instrumental in bringing 31 companies and 5,700 jobs to the region.

To welcome new business executives to the market, GPEC partners closely with local companies. National Bank of Arizona works with the organization to ensure a smooth transition for new businesses settling in our region.

“National Bank of Arizona is a close partner and has been active in interacting with clients that are in the process of evaluating Greater Phoenix for investment,” says Camacho.

In addition to recruiting new businesses, GPEC works closely with local communities to build job training programs and other support mechanisms to make the local market more competitive.

“We have a community partnership program in which our team routinely goes out with each of the 23 communities and we help them identify infrastructure needs, employment center building needs, and real estate product needs to ensure that they’re ready to compete for new industry,” says Camacho.

Companies seeking to expand or relocate are looking at Greater Phoenix because of the metro area’s growing labor force, he

“We’re one of the top markets in the western U.S. for talent,” Camacho says. “Companies are looking to access a growing labor pool with great university access, and the two-year technical capabilities of our market tied to the community college district.”

In recent years, Camacho says the companies most active in relocating to Greater Phoenix have been in the health care, technology and financial services sectors. He looks forward to building new partnerships with a wide range of industries.

“Greater Phoenix is a high-growth market, we have a diverse population base, and we’re between California and Mexico, which have large economies,” Camacho says.

“So from a supply chain perspective, we’re very interesting to major manufacturing operations.”

Story by Leigh Farr

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