Skip to main content

 

                           PHOENIX ECONOMIC DEVELOPMENT

What's Hot In Phoenix!

 

 

Among top metro areas, Phoenix rises to the top for housing affordabilityhttps://www.phoenix.gov/newsroom/ced/247Community and Economic Development12/15/2017 7:00:00 AMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/247/NEWS-20171215-Houses.jpgAmong top metro areas, Phoenix rises to the top for housing affordability<div class="ExternalClassE88DC85A485B4CDAB88ABC8AEB646B8D"><html>By Eric Jay Toll<br>PhxCEDNews, Dec. 15, 2017<br><br>When it comes to buying a median home, the Phoenix metro has the third-lowest median house payment – including taxes and insurance – among the top 15 metro areas. Phoenix is the 12th ranked metro area.<br><br>The metro ranks as one of a few large metros with no home-buying income gap. When it comes to buying the median-priced home at around $249,000, mortgage resource website HSN.com says the median household income leaves money in the buyer’s pocket. The median Phoenix household income is nearly $9,700 more than the income required to purchase the median metro area home.<br><img style="margin:5px;width:498px;" src="/econdevsite/MediaAssets/Newsroom_CED_017.jpg" /><br><br>It translates to a median PITI payment (principal, interest, taxes, insurance) of $1,130 in the Phoenix metro. Only Atlanta and Detroit are lower among the top 15 metro areas.<br>By comparison, median monthly home payments are $1,574 in Austin, Texas; $1,854 in Denver, Colorado; $1,183 in Las Vegas, Nevada; and $1,352 in Salt Lake City. Those four markets are often compared with Phoenix. Of the group, only Phoenix is a Top 15 metro area based on population.<br><br>Silicon Valley has the highest median home payment in the U.S., $5,044 per month. San Francisco is second at $3,998. Los Angeles is $2,685 and San Diego is $2,709 per month.<br>In the Phoenix metro, the 2016 median income was $58,075, higher than the U.S. national median of $57,015. To acquire the median $249,000 Valley home, <a href="https://www.hsh.com/finance/mortgage/salary-home-buying-25-cities.html#national" target="_blank">HSH.com</a> says a household income of $48,426 is needed, leaving a surplus of over $9,000.<br><br>The worst home buying income shortfall in the U.S. is in the San Francisco Bay Area metro, where the nearly $97,000 median income is around $75,000 short of buying a median home. Other markets against which Phoenix often competes for business locates have gaps ranging from almost $15,000 in Seattle, the fifth least affordable metro, to just under $50,000 in Los Angeles, which is the second least affordable metro after the Bay Area.<br><br>Denver, Colorado, the 19th largest metro requires a median household income of nearly $80,000 for its median-priced home. Austin, Texas, the 31st largest metro, requires an income approaching $70,000 to buy that metro area’s median-priced home. <br><img style="margin:5px;width:498px;" src="/econdevsite/MediaAssets/Newsroom_CED_018.jpg" /><br><br>See all U.S. metros: <a style="font-size:13.3333px;" href="https://www.hsh.com/finance/mortgage/salary-home-buying-25-cities.html#national" target="_blank">The salary you must earn to buy a home in the 50 largest metros (HSH.com)</a><span style="font-size:13.3333px;"> <br></span><em>Main photo credit:</em> WikiMedia Commons;<em> Artistic effects:</em> Phoenix CED.<br>Tables and charts: Phoenix CED from <a href="https://www.hsh.com/finance/mortgage/salary-home-buying-25-cities.html#national" target="_blank">HSH data</a><br></html></div>https://www.phoenix.gov/econdevNews
Report: Tech hiring in 2018 expected to start stronghttps://www.phoenix.gov/newsroom/ced/248Community and Economic Development12/14/2017 7:00:00 AMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/248/Newsroom_CED_007 (9).JPGReport: Tech hiring in 2018 expected to start strong<div class="ExternalClass84F7309E0B364D5CAF8E8AAF9A23CD21"><html> <p> <em>​Phoenix Business Journal (Hayley Ringle): </em> </p>Technology hiring in Phoenix is expected to start strong in 2018, with cybersecurity and technology innovation being the top jobs.<br><br>According to the Robert Half Technology IT Hiring Forecast and Local Trend Report, Phoenix ranks 11th among U.S. cities where tech hiring is expected to grow the most in the first half of the year.<br><br>San Diego, Atlanta and New York top the list, respectively, followed by Austin, Charlotte, Minneapolis, Philadelphia, Des Moines, Miami and Cleveland. After Phoenix, Salt Lake City rounded out the top 12 cities.<br><br><em>Read the full story:</em> <a href="https://www.bizjournals.com/phoenix/news/2017/12/15/report-tech-hiring-in-2018-expected-to-start.html" target="_blank">Phoenix area tech hiring in 2018</a><br><em>Graphic credit:</em> City of Phoenix CED<br><br><p><br></p></html></div>https://www.phoenix.gov/econdevNews
Ampsy raises $3 million, moves HQ to Phoenixhttps://www.phoenix.gov/newsroom/ced/249Community and Economic Development12/14/2017 7:00:00 AMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/249/Newsroom_CED_019.jpgAmpsy raises $3 million, moves HQ to Phoenix<div class="ExternalClass0091F58A4C64449E9F9E4B6BC1145220"><html> <p> <em style="font-size:12px;">Image:</em> <span style="font-size:12px;"> The Armory is the city of Phoenix coworking space for Veteran entrepreneurs and veteran-founded business startups. It's located in Arizona Center, 455 N 3rd St, Phoenix. </span> <em style="font-size:12px;">(Photo credit: JPMorganChase)</em> </p> <p> <span style="color:windowtext;font-size:10pt;background-color:window;">​Phoenix Business Journal (Hayley Ringle): </span> </p>Local tech startup Ampsy, whose clients have included Red Bull, "Jimmy Kimmel Live" and Britney Spears, is closing on a $3 million seed round, moved its headquarters to Phoenix and is doubling its team.<br><br>Ampsy provides a hyper-local audience intelligence and engagement platform. Using its social geofencing technology and machine learning algorithms, it can help clients identify, segment and activate their most socially influential customers at events or business locations, leading to increased brand loyalty, engagement and revenue, said Jeremy Gocke, founder and CEO.<br><br>“We can search a social conversation at specific locations without the need for beacon hardware, hashtags or handles,” Gocke said. “We can isolate based on GPS coordinates. We do a deep dive and deliver back to clients the data. Our clients include pro sports team, hotels, venues, music and entertainment.”<br><br><em>Read the full story:</em> <a href="https://www.bizjournals.com/phoenix/news/2017/12/14/exclusive-ampsy-raises-3-million-moves-hq-to.html" target="_blank">Ampsy moves into The Armory</a><br><em>Photo credit:</em> JPMorgan Chase<br><p><em></em><br></p></html></div>https://www.phoenix.gov/econdevNews
$1B Mega data center campus slated for Phoenix land https://www.phoenix.gov/newsroom/ced/250Community and Economic Development12/14/2017 7:00:00 AMhttps://www.phoenix.gov/newssite/Lists/NewsArticle/Attachments/250/Newsroom_CED_020.jpg$1B Mega data center campus slated for Phoenix land <div class="ExternalClass15ADBF89E47C41C4B9D6B5284D7B3BFA"><html> <p> <em>​Phoenix Business Journal (Mike Sunnucks): </em> </p>The Phoenix City Council approved plans yesterday for a large data center campus on land at 40th Street and McDowell Road.<br><br>Development plans could bring a 2 million-square-foot, $1 billion data center campus.<br>The land has been vacant for years, totals almost 98 acres and was previously looked at as a site for stadiums and arenas. It was owned by the state of Arizona and at one point served as a farm used by the Arizona State Hopsital, the state’s mental hospital, according to Phoenix City Councilwoman Kate Gallego.<br><br>Gallego spearheaded the rezoning push for the land which is off the Loop 202 freeway.<br><br><em>PhxCEDNews Note:</em> The new facility will be built near 40th Street and McDowell Road near Phoenix Sky Harbor International Airport. A number of data centers are located in this area because it is possible to obtain power from both SRP and APS. QTS Technology operates a data center in Downtown Phoenix, 220 E. Van Buren St.<br><em>Read the full story: </em><a target="_blank" href="https://www.bizjournals.com/phoenix/news/2017/12/14/1b-mega-data-center-campus-slated-for-phoenix.html">QTS Data Centers announces new airport area data center</a><br><em>Photo credit:</em> QTS Data Centers<br><p><em></em><br></p></html></div>https://www.phoenix.gov/econdevNews

 

 

Contact Us28Contact Ushttps://www.phoenix.gov/econdevsite/HomepageAssets/Forms/DispForm.aspx?ID=28https://www.phoenix.gov/econdevsite/HomepageAssets/ContactUs.jpghttps://www.phoenix.gov/econdevsite/HomepageAssets/_t/ContactUs_jpg.jpg342512/econdev/Contact-Us
News & Events36News & Eventshttps://www.phoenix.gov/econdevsite/HomepageAssets/Forms/DispForm.aspx?ID=36https://www.phoenix.gov/econdevsite/HomepageAssets/NewspaperOnLaptop.jpghttps://www.phoenix.gov/econdevsite/HomepageAssets/_t/NewspaperOnLaptop_jpg.jpg177250/Newsroom/CED
ShopPHX40ShopPHXhttps://www.phoenix.gov/econdevsite/HomepageAssets/Forms/DispForm.aspx?ID=40https://www.phoenix.gov/econdevsite/HomepageAssets/Shop%20Phoenix%20Logo.jpghttps://www.phoenix.gov/econdevsite/HomepageAssets/_t/Shop%20Phoenix%20Logo_jpg.jpg177250/econdev/shopphx
Reports & Maps26Reports & Mapshttps://www.phoenix.gov/econdevsite/HomepageAssets/Forms/DispForm.aspx?ID=26https://www.phoenix.gov/econdevsite/HomepageAssets/ReportsMaps.jpghttps://www.phoenix.gov/econdevsite/HomepageAssets/_t/ReportsMaps_jpg.jpg177250/econdev/Reports-Maps
Solicitations37Solicitationshttps://www.phoenix.gov/econdevsite/HomepageAssets/Forms/DispForm.aspx?ID=37https://www.phoenix.gov/econdevsite/HomepageAssets/Solicitations%20photo.jpghttps://www.phoenix.gov/econdevsite/HomepageAssets/_t/Solicitations%20photo_jpg.jpg177250/solicitations
Live Here24Live Herehttps://www.phoenix.gov/econdevsite/HomepageAssets/Forms/DispForm.aspx?ID=24https://www.phoenix.gov/econdevsite/HomepageAssets/LiveHere.jpghttps://www.phoenix.gov/econdevsite/HomepageAssets/_t/LiveHere_jpg.jpg177250/econdev/Live-Here

​​200 West Washington Street,  20th Floor, Phoenix, Arizona 85003  P: ​602-262-5040

 

 

Phoenix Youth R.I.S.E1 True/econdev/arizona-at-work/youthprograms2Find Work in PhoenixPhoenix Youth R.I.S.E07
Warehouse District1 True/econdev/warehousedistrict2DowntownWarehouse District06
Retail1 True/econdev/Retail5IndustryRetail02
Downtown Phoenix Inc.1 Truehttp://dtphx.org/4DowntownDowntown Phoenix Inc.16
Major Employers1 True/econdev/Major-Employers6IndustryMajor Employers02
Expansion1 True/econdev/International/Expansion-Services2InternationalExpansion04
Demographics1 True/econdev/Demographics1Just the FactsDemographics01
Education1 True/econdev/Education2Just the FactsEducation01
Biomedical1 Truehttps://biomedicalphoenix.com/2IndustryBiomedical12
Office Real Estate1 True/econdev/Office3IndustryOffice Real Estate02
Industrial Real Estate1 True/econdev/Industrial4IndustryIndustrial Real Estate02
Market Access1 True/econdev/Market-Access1IndustryMarket Access02
Community Profile1 Truehttps://www.phoenix.gov/econdevsite/Documents/Phoenix%20Community%20Profile.pdf3Just the FactsCommunity Profile11
Sister Cities1 Truehttp://www.phoenixsistercities.org/4InternationalSister Cities14
Foreign Trade Zone1 True/econdev/International/FTZ4Business ResourcesForeign Trade Zone05
Foreign Trade Zone1 True/econdev/International/FTZ3InternationalForeign Trade Zone04
Loop 202 Project1 True/econdev/loop-2021Business ResourcesLoop 202 Project05
Live Here1 True/econdev/Live-Here4Just the FactsLive Here01
Trade Export Promotion1 True/econdev/International/Exports1InternationalTrade Export Promotion04
State and Local Incentives1 True/econdev/Incentives3Business ResourcesState and Local Incentives05
Downtown Facts1 True/econdev/Downtown1DowntownDowntown Facts06
Arizona @ Work1 Truehttps://arizonaatwork.com/phoenix1Find Work in PhoenixArizona @ Work07
Filming In Phoenix1 True/econdev/Filming1FilmFilming In Phoenix08
Small Business Resources1 True/econdev/Small-Business2Business ResourcesSmall Business Resources05
Entrepreneur Resources1 True/econdev/Entrepreneur1EntrepreneurEntrepreneur Resources03
JEM1 True/econdev/arizona-at-work/JEM 3Find Work in PhoenixJEM17
Warehouse District 360 Tour1 Truehttp://explorephxwd.com/3DowntownWarehouse District 360 Tour16

Connect With Us! 

Media Contacts
Eric Jay Toll
602-617-3797

 

 

City of Phoenix Home Page1City of Phoenix Home PageLogohttps://www.phoenix.gov/SiteAssets/logo-cop.pnghttps://www.phoenix.gov<div class="ExternalClass15C6139D18F4408F86C1E2AEBAD7E54E"><p><span style="font-size:11pt;font-family:calibri, sans-serif;">City of Phoenix logo</span></p></div>5383d3Both1
Report It2Report ItMain Footer Linkhttps://www.phoenix.gov/atyourservice1.000000000000005383d3Both1PHX At Your Service
Pay It3Pay ItMain Footer Linkhttps://www.phoenix.gov/payonline2.000000000000005383d3Both1PHX Pay Online
Employment4EmploymentMain Footer Linkhttps://www.phoenix.gov/employment3.000000000000005383d3Both1Employment
Parks5ParksMain Footer Linkhttps://www.phoenix.gov/parks4.000000000000005383d3Both1Parks & Recreation
Police6PoliceMain Footer Linkhttps://www.phoenix.gov/police5.000000000000005383d3Both1Police
Proposed Taxes or Fees7Proposed Taxes or FeesSecondary Footer Linkhttps://www.phoenix.gov/public-notice-tax-and-fee-changes1.000000000000005383d3Both1Proposed Taxes or Fees
Licensing & Permitting8Licensing & PermittingSecondary Footer Linkhttps://www.phoenix.gov/licensing-and-permitting-directory-of-documents2.000000000000005383d3Both1Licensing & Permitting
Media9MediaSecondary Footer Linkhttps://www.phoenix.gov/pio3.000000000000005383d3Both1Media
Accessibility10AccessibilitySecondary Footer Linkhttps://www.phoenix.gov/accessibility4.000000000000005383d3Both1Accessibility
Security & Privacy11Security & PrivacySecondary Footer Linkhttps://www.phoenix.gov/privacy5.000000000000005383d3Both1Security & Privacy
© 2017 City of Phoenix27© 2017 City of PhoenixSecondary Footer Linkhttps://www.phoenix.gov/copyright6.000000000000005383d3Both1
Contact Us14Contact UsContact fa-envelopehttps://www.phoenix.gov/contactus<div class="ExternalClassC9AC15E8CC8345049F341461DE659A78"><p><a href="/contactus">Contact Us</a></p></div>5383d3Desktop2
Phone Directory26Phone DirectoryDirectoryhttps://www.phoenix.gov/phone-directory3.000000000000005383d32Phone Directory
200 W. Washington Street12200 W. Washington StreetMap Linkfa-map-markerhttps://www.google.com/maps/place/200+W+Washington+St,+Phoenix,+AZ+85003/@33.4488149,-112.079334,17z/data=!3m1!4b1!4m5!3m4!1s0x872b1223fc277d09:0x751804c733867934!8m2!3d33.4488149!4d-112.0771453<div class="ExternalClassED132930A7DF4D7691AF73C840F36521"><html> <div class="ExternalClass2B11A33218E542FE9F191E4D4770C1C9"> <p>Phoenix City Hall</p><p>200 W. Washington Street</p><p>Phoenix, AZ 85003 | <a target="_blank" href="https://www.google.com/maps/place/Phoenix+City+Hall/%4033.4488121%2c-112.079232%2c17z/data=%213m1%214b1%214m5%213m4%211s0x872b122157823309:0x55a433f10baebf50%218m2%213d33.4488076%214d-112.0770433">Map</a> </p> </div> </html></div>5383d3DesktopPhoenix, AZ 850032Map Link
Map and Directions21Map and DirectionsMobile Only Buttonhttps://www.google.com/maps/place/Phoenix+City+Hall/@33.4488121,-112.079232,17z/data=!3m1!4b1!4m5!3m4!1s0x872b122157823309:0x55a433f10baebf50!8m2!3d33.4488076!4d-112.07704331.000000000000005383d3Mobile2
Call (602) 262-601122Call (602) 262-6011Mobile Only Button60226260112.000000000000005383d3Mobile2
TTY: 71123TTY: 711Mobile Only Buttontel:7113.000000000000005383d3Mobile2
Submit Contact Form24Submit Contact FormMobile Only Buttonhttps://www.phoenix.gov/contactus4.000000000000005383d3Mobile2
602-262-601113602-262-6011Phonefa-phone6022626011<div class="ExternalClass236F7D3275324812977F638F7178260D"> <div class="ExternalClass50200E069FA74002B8167B23E86FC14B">Main <a style="line-height:1.6;" target="_blank" href="http://602-262-6011/">602-262-6011</a></div> <div class="ExternalClass50200E069FA74002B8167B23E86FC14B"> <span style="line-height:1.6;">TTY </span><a style="line-height:1.6;" target="_blank" href="http://0.0.2.199/">711</a> <p> <a style="line-height:1.6;" target="_blank" href="/aaasite/Pages/FooterNavigation.aspx">Phone Directory</a></p></div> </div>5383d3Desktop2Main City Phone
71125711TTY7112.000000000000005383d3Mobile2
About Phoenix15About PhoenixAbout<div class="ExternalClass1A7291F4C91D4E6F83A80D4233323E99"><div>Phoenix is the 5th largest city in the United States. We're a vibrant, growing city and a great place to <a target="_blank" href="https://phoenix.maps.arcgis.com/apps/MapTour/index.html?appid=da5643d20b8e4318a2ae201b276d7590">live</a>, <a target="_blank" href="/econdev">work</a>, and <a target="_blank" href="/parks">play</a>! Explore our website to learn about city services and follow us on social media.</div></div>5383d3Both3
Facebook16FacebookSocial Mediafa-facebookhttps://www.facebook.com/CityofPhoenixAZ/1.000000000000003b5998Both3
Twitter17TwitterSocial Mediafa-twitterhttps://twitter.com/cityofphoenixaz2.000000000000005383d3Both3
Youtube18YoutubeSocial Mediafa-youtube-playhttps://www.youtube.com/user/cityofphoenixaz3.00000000000000E62117Both3
Instagram19InstagramSocial Mediafa-instagramhttps://www.instagram.com/cityofphoenixaz/4.000000000000008139aaBoth3
Phoenix Social Media Home Page20Phoenix Social Media Home PageSocial Mediafa-share-square-ohttps://www.phoenix.gov/social5.00000000000000A71e5eBoth3
City of Phoenix - FooterLinks - EditStuffCity of Phoenix - FooterLinks - EditStuff
City of Phoenix - FooterLinksCity of Phoenix - FooterLinks