FY2024 ANNUAL REPORT

Greater

Phoenix

Greater

Together

Our Mission

To attract and grow quality businesses, and ​advocate for Greater Phoenix’s competitiveness.

We are an inclusive, diverse family

Our Values

We are

change agents

We lead from

the front

We promote

intellectual curiosity

We remain on

the edge

We are

tenacious

We are agile and

adapt to change

We are committed to selfless service

By the Numbers

Over the last 35 years GPEC has fueled the regional economy, ​racking up some impressive stats along the way.

1,0​00+

GP​EC Assisted Locates

190K​+

High-Quality Jobs

$69.4B​+

Capital Investment

A Few Words From Our Leadership

Chris Camacho

President & CEO, GPEC

“Years of strategic planning to elevate Greater Phoenix’s standing as an economic ​powerhouse has resulted in increased international attention of the abundant opportunities ​across the region. Once-in-a-generation companies are choosing our market to grow and ​reshape the future, from the most advanced technologies in the world to entrepreneurs ​launching novel ideas, thanks to the commitment of the GPEC network and economic ​development leaders across our communities.”

David Rousseau

Chair, GPEC Board of Directors

President, Salt River Project (SRP)

“The region’s surge in economic activity is fueled by strong infrastructure, strategic ​partnerships and the dedication of regional leaders to creating an environment where ​businesses thrive. GPEC’s strategic work sets Greater Phoenix above peer markets and has ​gained increased attention from cutting-edge companies, strengthening our economy and ​driving sustainable future growth.”

Our Impact

CarbonCapture Inc., ​Custom Control ​Sensors LLC and DSV ​Transport & Logistics ​are just a few examples ​of the companies ​GPEC has helped ​locate to the region.

Through these stories, you'll see ​how our advocacy for regional ​competitiveness is fostering ​success and strengthening our ​local economy.

A Year of Action

An award-winning team, recognized as a global leader in economic development.

GPEC AWARDS

DEPARTMENT AWARDS

Economic Development ​Organization of the Year

IEDC, Silver Winner

Cross-Border ​Collaboration Award

IEDC, Silver Winner

Top Economic

Development ​Organization

No. 1 Regional Economic ​Development Organization

Voted by National Site Selectors

Golden Prospector Award,

Special Event

Taiwan Delegation

Award of Merit, ​Website

Industry Pages

Special Event

Greater Phoenix is Poppin'

Nonprofit Communications Awards

Media Relations Campaign,

Honorable Mention for ​National Media Branding

Manufacturing Project of the Year

LG Electronics

STAFF AWARDS

Corporate ​Honoree

Chris Camacho

President & CEO

North America's Top 50 ​Economic Developers

Ashley Busada, CEcD

Vice President, Business ​Development

Phoenix Business Journal ​40 Under 40

Maureen Howell

Chief Operating Officer

Emerging Leader ​EDDE Award

Casey Gilchrist

Vice President, International ​Business Development

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LEAD GENERATION

Podcasts

11

1,550

Published Episodes

Total Downloads

Top Episode: Housing

17​,860

41​

3%

Featuring Gregg Ghelfi and Steve Betts

Companies Targeted

Qualified Leads

Project Pipeline

MEDIA PLACEMENTS

2,249

Total Placements

5.2B

Total Impressions

Notable Outlets:

SOCIAL MEDIA

ART EXHIBITS

RESEARCH

2

Virtual & in-person

511

Research Requests

2,522,234

Art Exhibits

Total Impressions

ECONOMIC MONITOR

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Handphone Mockup Illustration

45,018

104

02

535K+

Total Audience Size

Local Artists

Art Pieces Sold

Impressions

149

255,182

3,990

Pieces of Art

Total Impressions

Users

HOSTED

PARTNERSHIPS

Ambassador & Regional ​Report Events

21

2,699

Rebranded and ​expanded joint ​soft landing ​program with ASU

New partnership ​established to ​cultivate and ​grow the startup ​ecosystem

Pinal County ​joined GPEC in ​Greater Phoenix ​partnership

New consortium ​established to ​drive EDA Tech ​Hubs Strategy ​Grant

Events ​Hosted

Total ​Attendees

SIGNATURE EVENTS

February 4-6, 2024

IEDC Leadership Summit

The International Economic Development ​Council (IEDC) hosted its annual Leadership ​Summit in Greater Phoenix, with GPEC ​leadership serving as the Host Committee. ​Over 400 economic development leaders ​from across the nation and abroad, ​representing municipalities, partnerships, ​and private organizations, attended the ​summit and explored the region.

February 6-8, 2024

WM Phoenix Open Famtour

GPEC hosted eight national site selectors ​for the WM Phoenix Open FamTour to ​highlight Greater Phoenix and deepen ​critical relationships over two packed days ​of learning about recent regional growth, ​connecting with regional leaders and ​experiencing the renowned megaevent.

february 7-8, 2024

Desert Tech Connect

To attract new venture capital firms and ​investment to Greater Phoenix, GPEC ​partnered with Crossover VC for the ​second year in a row to host over 100 ​founders, investors, professional athletes, ​and entertainers at Desert Tech Connect, ​an exclusive, thoughtfully curated two-day ​showcase of regional innovation centered ​around the WM Phoenix Open.

May 6-9, 2024

Washington, D.C. ExecMission

Forty-seven regional leaders traveled with ​GPEC to our nation's capitol to advocate for ​the region within critical sectors of ​aerospace and defense, biosciences, ​climate technologies, foreign direct ​investment and infrastructure resiliency with ​a focus on advancing innovation, fostering ​collaboration, and addressing regional ​priorities for sustainable growth and ​resilience within each sector.

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June 20-21, 2024

SelectUSA Spinoff Event

For the second consecutive year, federal ​officials with the U.S. Department of ​Commerce selected GPEC to host an ​official SelectUSA Spinoff event before the ​Investment Summit in D.C. Over two days, ​eight participating international biomedical ​and climate technology companies learned ​about the advantages of Greater Phoenix ​through various events showcasing the ​region.

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International Efforts

Canada

PERU

NETHERLANDS

GERMANY

DENMARK

TURKEY

SOUTH AFRICA

JAPAN

SOUTH KOREA

TAIWAN

SINGAPORE

In FY24, GPEC participated in six ​international conferences, hosted four ​market visits, and took part in several ​inbound and outbound delegation ​visits organized by key partners, ​including the Phoenix Committee on ​Foreign Relations, Global Ties Arizona, ​the U.S. Department of Commerce, ​Phoenix Sister Cities and others.

70

International ​Prospects

27%

Prospect ​Pipeline

Action Plan Recap

With two years of our three-year ​strategic plan behind us, we reflect ​on the goals that have driven our ​success. In collaboration with ​GPEC’s 22 member communities, ​Maricopa and Pinal counties, and ​over 220 private investors and ​regional partners, we have ​established a strong foundation. ​This positions us to finish the current ​plan successfully over the next year, ​as we prepare to launch our next ​three-year strategic plan in FY26.

3-Year Strategic Goals:

Lead an ambitious shared vision for the region’s economic future


Enhance the foundation

of the future economy

with a focus on emerging

and innovation-driven

industry sectors


FY24 Action Plan Goals:

GOAL #01

Working collaboratively with ​partners at the local, state ​and federal level FY24

will focus on amplifying ​opportunities for action on ​economic imperatives

impacting the Greater ​Phoenix region.


GOAL #02

FY24 will build on the ​successes of the past year, ​proactively engaging ​audiences nationally and ​internationally to reinforce

Greater Phoenix as a ​premier location for ​investment and expansion.


Expand organizational

capacity to serve the

Greater Phoenix economic ecosystem and meet the needs of the market


GOAL #03

Building on its strong ​foundation, GPEC will ​continue to leverage ​internal strengths in FY24 to ​ensure organizational ​health and demonstrable ​value to its stakeholders ​while maintaining best-in-​class processes and talent.


Performance Metrics

In FY24, GPEC met or exceeded ​nearly all of its performance goals, ​performed well against each of the ​initiatives outlined in the FY24 ​Action Plan and surpassed the ​significant milestone of assisting ​1,000 locates.

49

7,431

Businesses ​Located

1

New Jobs ​Created

$513M

$86,802

Payroll ​Generated

Average High- ​Wage Salary

1 Locates number is not part of GPEC’s performance metrics. Included for information purposes only.

2 Based on a scale of 1 to 10.

FY24 Noteworthy Events

JULY 2023

SEPTEMBER 2023

FEBRUARY 2024

APRIL 2​024

GPEC 201: How we’re ​adapting to build an ​anti-fragile market

Ambassador Event: ​Dispelling the Myths ​of AZ’s Water Position

Ambassador Event: ​Addressing Housing ​Supply in the Region

Ambassador Event: ​The Next Era of ​Semicon

“This idea of anti-fragility — ​it’s more than resilience. ​Anti-fragility is when you ​absorb market shocks and ​come out better and more ​agile, versus just ​recovering,” said Chief of ​Staff Maureen Howell.

As concerns over the ​Colorado River and other ​southwest water sources ​rear, Greater Phoenix ​and Arizona are ahead of ​the game in planning for ​the future.

Housing supply directly ​impacts a region’s ​growth potential and ​competitiveness, ​serving as a key driver ​for quality of life and ​affordability of a region.

Greater Phoenix plays a ​pivotal role in advancing ​the semiconductor ​industry in the United ​States and internationally. ​With more than 155 ​semiconductor-related ​companies operating in ​the region.​..

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Additional Highlights from FY24

Follow us for the latest news happening across the region.

FY24 Locates

Greater Phoenix offers a pro-​business climate with the ​infrastructure necessary to ​support business operations, ​making it no surprise that in ​FY24, 49 businesses located ​or expanded in the region.

Explore our interactive locate map to take a deeper dive into the companies that now call Greater Phoenix home.

Meet Our Investors

Through the support of local business, community, and statewide leadership, we’re proactively taking steps to assure that Greater Phoenix is the place for talent to be bred, community to be built and business to thrive.

Meet Our Team

The Greater Phoenix Economic Council team works collaboratively to support expansion and relocation projects for companies considering Greater Phoenix.

Greater Phoenix: Where Business Thrives

Contact us today to learn more about becoming a GPEC investor or how we can support your next expansion project.