GPEC MARICOPA COUNTY BOARD OF SUPERVISORS COMPRESSED 08272018.PDF

GREATER PHOENIX
ECONOMIC COUNCIL
MARICOPA COUNTY BOARD OF SUPERVISORS
Chris Camacho, President & CEO
August 27. 2018

GREATER PHOENIX ECONOMIC COUNCIL
ABOUT
Our mission is to attract and grow quality businesses and advocate for Greater Phoenix's competitiveness.
We are supported by Maricopa County, 22 cities and towns, and more than 150 private-sector investors.
740+ 130,000+ $14.4B
GPEC has assisted
SINCE GPEC has brought GPEC has helped
more than 740
more than bring $14.4 billion in
1989 businesses as they
130,000 jobs to capital investment.
relocate and expand
the region.
to the region.

INVESTING IN GPEC

INVESTING IN GPEC
REGIONAL RESULTS SUMMARY
FY18 FY17 5-YEAR TOTAL
Payroll Generated
$565.3 $377.1 $1,868.1
(in millions of dollars)
Jobs 8,606 8,130 35,132
High-wage Jobs 5,143 3,190 16,036
Average Salary $65,686 $46,386 $53,166
Qualified Prospects 279 267 1,278
Assisted Locates 42 42 191
Capital Investment
$1,182.7 $1,471.7 $4,203.2
(in millions of dollars)
1 Includes property, sales and utility taxes, as well as state-shared and other local revenues.
2 Includes direct revenues plus those generated by related supplier and consumer jobs.
3 Includes jobs filled by Maricopa County residents at GPEC-assisted locates and jobs created by the multiplier
effects of supplier and consumer spending. Revenue estimates are from the Greater Phoenix Consensus Impact
Model. In 1999, GPEC and our members developed the region’s first-ever consensus-based revenue and economic
impact model. Based on nationally accepted multiplier data provided by IMPLAN, the model is customized to
calculate economic and revenue benefits for GPEC’s members and the State of Arizona.

INVESTING IN GPEC
RESULTS THROUGH REGIONAL SUCCESS
Maricopa County benefits from
site location projects and GPEC
When a company selects a
activities that occur across the
Greater Phoenix location, all
region. Economic development
communities benefit with
projects create value by
increased tax revenues.
generating public and private
revenues.
Commute patterns and retail GPEC-assisted locates have
studies show that employees of created 64,216 region-wide
‘locates’ live and spend their
jobs3 for Maricopa County
incomes in all Greater Phoenix residents over the past 5
communities.
years.
1 Includes property, sales and utility taxes, as well as state-shared and other local revenues.
2 Includes direct revenues plus those generated by related supplier and consumer jobs.
3 Includes jobs filled by Maricopa County residents at GPEC-assisted locates and jobs created by the multiplier
effects of supplier and consumer spending. Revenue estimates are from the Greater Phoenix Consensus Impact
Model. In 1999, GPEC and our members developed the region’s first-ever consensus-based revenue and economic
impact model. Based on nationally accepted multiplier data provided by IMPLAN, the model is customized to
calculate economic and revenue benefits for GPEC’s members and the State of Arizona.

INVESTING IN GPEC
FIVE-YEAR TREND ON REVENUE RETURN
$41 $64
of direct revenue for every of total revenue for every
$1 invested¹ $1 invested²
REVENUE
RETURN
41:1
$3.03B $96.8M
in new consumer spending³ in new Maricopa County direct
generated by new Maricopa County revenues³ (boosted to $141.9 million
jobs and employed Maricopa County when including related multiplier
residents. An addition of $2.04 FY18 Funding: effects of $45.1 million).
billion created by multiplier effects, $629,808
results in total consumer spending of
$5.07 billion.
1 Includes property, sales and utility taxes, as well as state-shared and other local revenues.
2 Includes direct revenues plus those generated by related supplier and consumer jobs.
3 Revenue estimates are from the Greater Phoenix Consensus Impact Model. In 1999, GPEC and our members
developed the region’s first-ever consensus-based revenue and economic impact model. Based on nationally
accepted multiplier data provided by IMPLAN, the model is customized to calculate economic and revenue benefits
for GPEC’s members and the State of Arizona.

FISCAL YEAR 2018
PERFORMANCE

$565.29M ,71:1 417, 1
QUALIFIED
PAY ROLL GENERATED PROSPECTS
FISCAL
0
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YEAR INTERNATIONAL
OF JOBS NUMBER OF HIGH-WAGE JOBS PROSPECTS
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2018 $1.18 mtrittwill4,1twtrt
L. BILLION
Aiming high, working CAPITAL INVESTMENTS 7fWMITVIITCP1111911 L CATES
hard, achieving record-
breakIng metrics. RELOCATED HEDUURTERS [31-gPR 5 BILLION
MEDIA LB
AVERAGE HIGH-WAGE SALARY IMPRESSIONS

FISCAL YEAR 2018 PERFORMANCE
FY2018 LOCATES
Acronis EdgeCore Project BL*
Aldi Footprint.us Project Needle*
Amazon Gorbel Project Park*
Aquafill Gwynnie Bee Project Pill*
Ball Corporation King Koil Project Sunny*
Benchmark Electronics mfour PureCare
Blue Buffalo Morgan Stanley QEP
Chemadyne Nikola R&D Facility Spang & Company
Chewy Optima Tax Relief Symantec
Connect Wireless Ortho Mattress Tangier
Consumer Cellular Paychex Titan LED
Cryopak Pinnacle Transplant Technologies Union Bank
Deloitte Prenexus USAA
Eclipse Automation Project AMPS* WellCare
*Company name withheld due to non-disclosure agreement

FISCAL YEAR 2018 PERFORMANCE
FY2018 METRICS
Metric FY18 Contract FY18 Target FY18 Stretch FY18 Actual
Payroll ($M) $326.60 $359.26 $413.15 $565.29
Jobs 6,919 7,611 8,753 8,606
High Wage Jobs 2,698 2,968 3,413 5,143
Average High Wage Salary $52,810 $58,678 $67,480 $88,391
Prospects 38 42 46 279
International Prospects 229 252 277 57
GPEC Assists 10 12 14 12

FISCAL YEAR 2018 PERFORMANCE
FY2018 MEDIA ACTIVITY
108 5,004,808,130 53
STORIES IMPRESSIONS OUTLETS

FISCAL YEAR 2018 PERFORMANCE
HEADLINES

FISCAL YEAR 2018 PERFORMANCE
CONTRACT ACTIVITIES
Regional Economic
Industry
Marketing & Development
Prospecting
Promotion Cooperation
This activity is intended to The purpose of this activity is This activity is meant to
improve the business image of to find new industry prospects improve the region’s
Maricopa County and its and assist local communities competitiveness through
unincorporated areas. in attracting new businesses to cooperation with other
Maricopa County. economic development
organizations.

REGIONAL MARKETING
& PROMOTION

REGIONAL MARKETING & PROMOTION
ACTIVITY 1
Marketing & Digital Marketing
Communications Collateral Practices Greater Phoenix Insider Sales Missions
GPEC completed 11 ecosystem GPEC utilized cutting-edge Once a quarter GPEC GPEC led 26 sales
reports on various industries, digital marketing practices to sends an email blast to a missions, including a large
including Solar, Wearables Tech targeted audiences in the targeted list of brokers and free-standing “The
and more. The ecosystem following ways: geofencing national site selectors to Connected Place” booth at
documents are updated regularly attendees at conferences, share relevant industry SelectUSA.
and allow the GPEC business targeting business IP news from the region.
development team to have in- addresses for serving ads,
depth knowledge and be the website retargeting and
industry expert when connecting persona marketing that
with leads and current generated 1.1M impressions
prospects. and more than 750 clicks.

INDUSTRY PROSPECTING

INDUSTRY PROSPECTING
ACTIVITY 2
SelectUSA Japan
Programming Applications Targeted Outreach FY2018 Business Prospects
Innovation Seminars
GPEC represented the GPEC expanded on several GPEC’s Business Development Through the end of FY18, a
region along with nine programming applications in Team works closely with site total of 279 new prospects
state representatives and FY18, including a predictive selectors through direct outreach, were generated.
presented to a combined model for determining which ExecuTours and marketing
audience of more than competitor markets to target for initiatives; along with the research
150 business executives business attraction efforts, a team’s predictive modeling program
and representatives on general automation and data utilizing economic data to predict
opportunities directly tied processing plan, the markets and companies for target
to GPEC’s Connected development of a metro for expansion and relocation.
Place campaign and other comparison web application,
technology opportunities. and webscrapers to drive lead
generation.

REGIONAL ECONOMIC
DEVELOPMENT COOPERATION

REGIONAL ECONOMIC DEVELOPMENT COOPERATION
ACTIVITY 3
Building Relationships Regional & State Partners GPEC Ambassadors FY19 Action Plan
GPEC traveled to Mexico City, GPEC works closely with Gov. The GPEC Ambassador The Action Plan was
Mexico as part of the City of Ducey, the ACA, MAG and Program continues to created with significant
Phoenix’s trade mission, more in order to enhance engage more than 2,100 input from the GPEC
meeting with high-level competitiveness and individuals across a wide Next Leadership Council
Mexican officials, including cooperation. GPEC, in range of employers, who and the cities’ economic
Ambassador Carlos Sada. coordination with regional and promote the GPEC mission development directors.
GPEC extended the mission to industry partners, worked with and regional initiatives.
meet with members of the Representative Jeff Weninger During FY18, GPEC held
media, global consulting firms and Assistant Attorney General 20 ambassador events.
and representatives from the Paul Watkins on the authorized
public sector. FinTech Sandbox.

FISCAL YEAR 2019

FISCAL YEAR 2019
OVERVIEW
• Fiscal year 2019 marks the final
year of GPEC’s current strategic
plan
BUSINESS ATTRACTION
Drives Quality Job Creation
COMPETITIVENESS
Foundational Elements for Economic Growth

FISCAL YEAR 2019
BUSINESS ATTRACTION ACTION ITEMS
Engage targeted audiences through
01 Attract more scalable 04 digital platforms to generate leads and
enterprises in advanced establish GPEC as a thought leader
industries
Partner with cities to enhance local and
02 Brand the region as a location 05 regional infrastructure and community
of choice for FDI preparedness
Refine the consultative model
03 with a focus on specialized
expertise and knowledge

FISCAL YEAR 2019
COMPETITIVENESS ACTION ITEMS
Develop and deploy a regional Promote innovation and
01 04 commercialization to support an
market intelligence system
advanced industry ecosystem
Engage state and federal Lead collaboration across peer
02 policymakers on new economic 05 organizations to leverage
development competitiveness complementary assets and strengthen
concepts coordinated action
Advocate for workforce
03 development initiatives to
support the growth of advanced
industries

FISCAL YEAR 2019
METRICS

THANK YOU
GREATER PHOENIX:
Where talent is bred, community is built, and business thrives
GPEC4JOBS @GPEC Greater Phoenix Economic Council
GPEC.ORG | 2 N. CENTRAL AVE., SUITE 2500, PHOENIX, AZ 85004 | INFO@GPEC.ORG | (602) 256-7700