Greater Phoenix, Arizona, U.S.A. is strategically located between California, New Mexico, Colorado, Utah and right on the U.S. - Mexico border. The region offers higher productivity, better quality of life, lower costs of living, lower taxes and a growing population – all reasons why now’s the time for businesses to consider growing and innovating in Arizona and Greater Phoenix.
Representing four million residents and an area that’s growing three times faster than the United State’s population, the Greater Phoenix Economic Council (GPEC) is the premiere economic development agency in the state. GPEC created an international toolkit, “Doing Business in Greater Phoenix, U.S.A.,” to assist companies looking to move to or expand in the Phoenix metro area. The toolkit is a compilation of how-to advice from experts in their respective fields, and should be considered a success guide to locating a productive business to the United States. While other guidebooks focus solely on one topic – like state tax code, finance or law – this toolkit gives a comprehensive overview of Greater Phoenix’s business landscape and general lifestyle.
GPEC’smission is assisting businesses with their relocation or expansion decisionsin the Greater Phoenix region, and has received many accolades for its successes. Over the past year, GPEC has been honored with the following awards: GPEC’s president and CEO was named Economic Developer of the Year by the Arizona Association of Economic Development;GPEC was awarded a silver medal for High Performance Economic Development byAtlas Advertising; and Intelegia ranked GPEC as one of the top five economic development organizations in the U.S. for online marketing.
The toolkit focuses on business strategy at both state and federal levels. The guide begins with an overview of the United States, focusing on key statistics about the U.S. government and its economy. Throughout the book,there are chapters dedicated to essential business needs including: investing in the U.S.; obtaining employee visas; the U.S. tax structure and banking system; importing and exporting goods;and human resources and employment law. These chapters explain everything from choosing a location for your business, compensation requirements for workers, key tax credits that may be available to your business, and intellectual property rights in the United States.
The toolkit also dives into Arizona’s history to give a sense of its background, legislative agenda and business climate. Many businesses are able to function more effectively in Arizona because of its affordable tax structure, proximity to the California market and its many direct flights to other key business cities. Arizona’s sunny weather also allows businesses to operate more efficiently without weather concerns.
Most importantly, the guide offers in- depth instructions onhow to set up a business entity in the region, explains the required tax codes, and describes the governance structure in Greater Phoenix. It also discusses how to access capital, including reaching out to angel investors, venture capitalists and preparing an initial public offering (IPO) and touches on how to sell and market a product, including forming strategic partnerships and reaching out to incubators and accelerators. Perhaps most importantly, the toolkit covers best practices on how to attract and maintain talent.
Finally, recognizing that business climate and tax structure are not the only factors to consider when a company is looking to expand or relocate, the toolkit also includes a comprehensive section about Greater Phoenix’s quality of life, education system, culture and popular recreational activities.