Situated in the southwestern part of the United States, Phoenix is Arizona’s capitol and the fifth largest city in the United States, with almost 1.5 million residents and growing. The city takes up more than 500 square miles, geographically exceeding Los Angeles. Phoenix has more than 300 sunny days a year and an average temperature of 74 degrees – an unbeatable combination that has made the city a prime destination for tourists, business and industry. The city enjoys a Standard & Poor’s bond rating of AA+ and is the center of a $50 billion regional marketplace. Motorola, Intel, Honeywell and Boeing are among the companies that have major operations here.