2017 10 23 MARICOPA COUNTY BOS UPDATED GREATER PHOENIX ECONOMIC COUNCIL.PDF

1
Chris Camacho, President & CEO | Maricopa County | October 23, 2017

GREATER PHOENIX 2
About the Greater Phoenix Economic Council (GPEC)
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 160 private-sector investors.
GPEC has assisted more GPEC has helped bring in GPEC has brought
than 700+ businesses as more than $13.5 billion in 125,000+ jobs to the
they relocate and expand capital investment since its region over the past 27
to the region. inception in 1989. years.

INVESTING IN GPEC
3
Maricopa County
REGIONAL RESULTS SUMMARY RESULTS THROUGH REGIONAL SUCCESS
5 YEAR
FY 17 FY 16 TOTAL Maricopa County benefits When a company
from site location projects selects a Greater
Payroll Generated $377.1 $397.9 $1,605.7 and GPEC activities that Phoenix location, all
(in millions of dollars)
occur across the region. communities benefit
Jobs 8,130 7,703 33,480 Economic development with increased tax
projects create value by revenues.
High-wage Jobs 3,190 3,048 13,399 generating public and
private revenues.
Average Salary $46,386 $51,656 $47,960
Qualified Prospects 267 255 1,214 Commute patterns and GPEC-assisted
retail studies show that locates have created
Assisted Locates 42 43 181
employees of ‘locates’ 56,642 region-wide
Capital Investment live and spend their jobs3 for Maricopa
$1,471.7 $389.4 $3,477.2
(in millions of dollars) incomes in all Greater County residents over
Phoenix communities. the past 5 years.
1Includes 2Includes direct property, revenues sales and plus utility those taxes, generated as well by as related state-shared supplier and and other consumer local revenues. jobs.
3Includes supplier and jobs consumer filled by Maricopa spending. County Revenue residents estimates at GPEC-assisted are from the Greater locates Phoenix and jobs Consensus created by Impact the multiplier Model. In effects 1999, of
GPEC on nationally and our accepted members multiplier developed data the provided region’s by first-ever IMPLAN, consensus-based the model is customized revenue to and calculate economic economic impact and model. revenue Based
benefits for GPEC’s members and the State of Arizona.

INVESTING IN GPEC
4
Five-Year Trend on Revenue Return
$31 $45
of direct revenue for every of total revenue for every
$1 invested¹ $1 invested²
REVENUE
RETURN
31:1
$2.85B $90.6M
in new consumer spending³ in new Maricopa County direct
generated by new Maricopa County revenues³ (boosted to $133.0 million
jobs and employed Maricopa County when including related multiplier
residents. An addition of $1.85 FY17 Funding: effects of $42.4 million).
billion created by multiplier effects, $573,675
results in total consumer spending of
$4.70 billion.
*1Includes 2Includes direct property, revenues sales plus and utility those taxes, generated as well by as related state-shared supplier and and other consumer local jobs. revenues.
3Revenue developed estimates the region’s are first-ever from the consensus-based Greater Phoenix Consensus revenue and Impact economic Model. impact In 1999, model. GPEC Based and on our nationally members
accepted for GPEC’s multiplier members data and provided the State by of IMPLAN, Arizona. the model is customized to calculate economic and revenue benefits

5
FISCAL YEAR 2017 PERFORMANCE

GPEC 6
FY2017 Activity

GPEC 7
FY2017 Locates
ADP Ingenu RJR Technologies
Advisor Group Inter-co Rogers Corporation
Amazon.com Katerra RSM Global
AVAD Kysor Global Panels Scientex Berhard
Bank of the West LaMi Products LLC SK Food Group
Berger Bullet Lucid Motors Solar Junction Corp
Calo Programs Mainstreet Developers Splash
Ciox Midori Services SunStream
ClearLink Niagara Bottling LLC The Vitamin Shoppe
GreenTree Hospitality Group Old Town Fiberglass The Warehouse
H&M Metal Processing Pilgrim Screw Upgrade Inc
Handl Defense Project Brewer* UPS
Huhtamaki Plastics Inc Project Pineapple* Zummit Plastics
Indeed Project Tower*
*Company name withheld due to non-disclosure agreement

GPEC 8
FY2017 Metrics
Metric FY17 Contract FY17 Target FY17 Stretch FY17 Actual
Payroll ($M) $305.11 $335.62 $369.18 $377.12
Jobs 6,556 7,212 5,801 8,130
High Wage Jobs 2,491 2,741 3,015 3,190
Average High Wage Salary $51,827 $57,585 $63,344 $61,835
Prospects 229 252 277 267
International Prospects 38 42 46 51
GPEC Assists 10 12 14 10

BUSINESS DEVELOPMENT
9
FY2017 Media Activity
489,923,215
Media impressions in FY17

GPEC
10
Contract Activities
Regional Marketing Industry Economic
& Promotion Prospecting Development
Cooperation
This activity is intended The purpose of this This activity is meant to
to improve the business activity is to find new improve the region’s
image of Maricopa industry prospects and competitiveness
County and its assist local communities through cooperation
unincorporated areas in attracting new with other economic
businesses to Maricopa development
County organizations

11
REGIONAL MARKETING & PROMOTION

GPEC
12
Activity 1
Marketing &
Media Tours Greater Phoenix Insider Sales Missions
Communications Collateral
GPEC has released two GPEC hosted the San Every other month GPEC has led 21 sales
ecosystem reports on Francisco Bureau Chief of GPEC sends an email missions, including road
Cybersecurity and Finance USA TODAY for a blast to a targeted list of shows to Taiwan and
& Insurance, securing nationally syndicated piece brokers and national site Montreal, Canada with
GPEC business on Phoenix’s growing tech selectors to share SelectUSA
development professionals scene; along with leading a relevant industry news
with industry expertise media mission to New York on the region
when connecting with leads City resulting in media
and current prospects visits with Slate, The Street
and Fortune

13
INDUSTRY PROSPECTING

GPEC
14
Activity 2
FY2017 Business Prospects Foreign Direct Investment Targeted Outreach Market Intelligence
Reports
Through the end of FY17, a GPEC released the FDI report, GPEC’s Business Development In conjunction with
total of 267 new prospects the Metro Phoenix Global Team works closely with site Aerospace Arizona, GPEC
were generated. Investment Plan, examining the selectors through direct outreach, released its fourth market
challenges and opportunities for ExecuTours and marketing intelligence report around
attracting foreign direct initiatives; along with the research The Future of the
investment in Greater Phoenix, team’s predictive modeling program Aerospace and Defense
and developing strategies for utilizing economic data to predict Industry in Greater
establishing the region as a markets and companies for target Phoenix
leader in the IoT and sensor for expansion and relocation
technology applications.

15
REGIONAL ECONOMIC
DEVELOPMENT COOPERATION

GPEC
16
Activity 3
FY18 Action Plan Regional & State Partners GPEC Ambassadors Community Partnership
Program
The Action Plan was GPEC works closely with The GPEC Ambassador In FY17, GPEC met with each
created with significant Gov. Ducey, the ACA, Program continues to community to enhance the
input from the GPEC Maricopa County and engage over 2,000 modernization of economic
Next Leadership Council local EDOs in order to individuals across a wide development frameworks
and the cities’ economic enhance competitiveness range of employers, who present, in an effort to further
development directors and cooperation promote the GPEC mission improve the competitiveness of
and regional initiatives. the Greater Phoenix region
During FY17, GPEC held while providing an open
19 ambassador events dialogue between GPEC and
the communities

17
FISCAL YEAR 2018

GPEC
18
FY2018 Action Items
Business
Attraction Competitiveness Regionalism Marketing FDI
Develop and utilize Advance Partner with GPEC’s Target key audiences Implement strategies
unique analytical tools competitiveness member communities through strategic to heighten
and methodologies to priorities through to evaluate community media placement and recognition of the
drive both marketing regional collaboration planning necessary for digital platforms to Greater Phoenix
approaches and future projects enhance Greater region in targeted
identification of Phoenix’s brand and industries and markets
business development drive lead generation identified by the Metro
outreach targets for business attraction Phoenix Global
Investment Plan

GPEC 19
FY2018 Metrics
Metric FY17 Actual FY18 Contract FY18 Target FY18 Stretch
Payroll ($M) $377.12 $326.60 $359.26 $413.15
Jobs 8,130 6,919 7,611 8,753
High Wage Jobs 3,190 2,698 2,968 3,413
Average High Wage Salary $61,835 $52,810 $58,678 $67,480
GPEC Assist 10 10 12 14
Prospects 267 229 252 277
International Prospects 51 38 42 46

GPEC 20
FY2018 – Q1
12 COMPANIES
HAVE LOCATED IN FY18
$469 MILLION
IN CAPITAL INVESTMENT
1,966 JOBS
CREATED IN THE REGION
145% 23% 146% 4 MANUFACTURERS
OF GOAL INTERNATIONAL OF LAST YEAR LOCATED IN FY18
*Numbers as of September 30

21
THANK YOU
gpec.org
GPEC4JOBS
Address
2 N. Central Ave., Suite 2500
Phoenix, AZ 85004 @GPEC
Contact Info
info@gpec.org Greater Phoenix Economic Council
Telephone
(602) 256 7700 GREATER PHOENIX:
WHERE TALENT IS BRED, COMMUNITY IS BUILT
AND BUSINESS THRIVES