PHOENIX, AZ

City of Phoenix

Phoenix: Where Founders, Employers, and Talent Build

Curated by Freeway — connecting founders, employers, and talent to the resources that help them grow.

Assured water supply: 100-year
Power capacity added: 5,800+ MW
Labor force: 863,000
Max tax credit: $30M

ABOUT

Why Phoenix

Phoenix is one of the fastest-growing metros in the country a hub where founders launch companies, employers expand their workforce, and talent builds a career. This page brings together what you need to know about doing business here: the innovation districts and startup infrastructure downtown, the water and power capacity backing large-scale manufacturing, the talent pipeline coming out of ASU and Maricopa Community Colleges, the companies already choosing to expand here, and the incentives available to new employers.

City pf Phoenix

PHX, Arizona

GOOD TO KNOW

Questions people ask

What makes Phoenix a good place to start or grow a business?

Phoenix offers founders access to downtown innovation infrastructure like ASU’s Edson Entrepreneurship + Innovation Institute, the PHX Core Innovation District, and coworking hubs like FlexEtc’s 70,000-sq-ft space — backed by a growing pool of angel funding and a strong regional talent pipeline.

What incentives does the City of Phoenix offer new employers?

Phoenix-area employers can access Arizona’s Qualified Facility Tax Credit (up to $30M per project), the Government Property Lease Excise Tax (GPLET) program, the Quality Jobs Tax Credit (up to $9,000 per net new job), and benefits through Foreign-Trade Zone No. 75.

Does Phoenix have the infrastructure (water, power, talent) to support large-scale manufacturing?

Yes. Phoenix holds a State of Arizona-designated 100-year assured water supply, and utilities like APS and SRP are adding more than 5,800 MW of new power capacity through 2034. On talent, the city draws from ASU’s Downtown campus, the 10-college Maricopa Community Colleges system, and a labor force of roughly 863,000 workers.

Which companies have recently expanded into Phoenix?

Recent expansions include Mayo Clinic’s $1.9 billion north Phoenix campus expansion, a $50 million City Council-approved investment in ASU Health, McCarthy Building Companies’ continued presence, and Exact Sciences’ cancer-screening test facility.

Who leads the City of Phoenix, and what are their priorities?

Phoenix is led by Mayor Kate Gallego, who has focused her time in office on bringing high-wage jobs to the city — including a $265 billion semiconductor manufacturing plant — alongside improvements to parks, public safety, infrastructure, and a new ASU-partnered medical school downtown.

BUSINESS & ECONOMIC DEVELOPMENT

Everything You Need to Know About Doing Business in Phoenix

What Incentives Does the City of Phoenix Offer New Employers

A breakdown of the financial tools available to companies relocating to or expanding in Phoenix, Arizona — a refundable tax credit worth up to $30M per project, a 25-year GPLET excise-tax swap, $9,000-per-job wage credits, a 5%-assessed-value Foreign-Trade Zone, 42 Opportunity Zo

Which Companies Have Recently Expanded Into the City of Phoenix

Recent company relocations and expansions inside City of Phoenix limits across bioscience, healthcare, construction, and manufacturing, plus who to contact at the city.

Does the City of Phoenix Have Enough Water and Power for Manufacturing

Phoenix holds a 100-year assured water supply, and APS/SRP are adding 5,800+ MW of new power capacity through 2034 — what site selectors need to know.