Fairfax County Virginia Profile - Harnessing the Power of Ideas
Scottsdale Advantage Interactive
1. Photo By: Judy Dugan
A D V A N T A G E
S C O T T S D A L E
2. I C O N I C
Photo By: Judy Dugan
SCOTTSDALE RANKINGS
„„ 21% of Arizona Corporate Headquarters are
located in Scottsdale
„„ Top 100 Best Communities for Young People -
America’s Promise Alliance
„„ No. 2 High School in the Nation -
U.S. News & World Report
„„ Top 10 Tech-Savvy City - Center for Digital
Government
„„ Named Google ECity for Strongest Online Business
City in the State - Google
„„ No. 6 Best Run City in the U.S. - 24/7 Wall St.
„„ No. 6 Safest City in the U.S. - Law Street Media
„„ Best City to Raise Children - Livability.com
„„ Top 25 City in the U.S. for Arts Destinations -
American/Style Magazine
ARIZONA POWER RANKINGS 1st
- IN THE NATION IN PROJECTED JOB GROWTH
- IN THE NATION FOR WORKFORCE
Top 10 STATE IN:
- ENTREPRENEURIAL ACTIVITY
- INFRASTRUCTURE
- BUSINESS CLIMATE
- HIGHER EDUCATION
- DEGREE OUTPUT
Sources: Forbes; US Chamber of Commerce 2013 Enterprising States report,
CNBC Rankings 2014
3. Q U A L I T Y
Things You Should Know
„„ Location provides low catastrophic risk, and ranks
among the top 10 U.S. cities for lowest disaster
risk
„„ Exceptional cost of living in comparison to other
major cities
„„ More than 300 days of sunshine annually
„„ 125 golf courses in the immediate area
„„ More than 600 restaurants, 70 hotels and 9,300
rooms
„„ Flourishing arts & culture scene: more than 100 art
galleries
„„ McDowell Sonoran Preserve: 30,000 contiguous
acres with almost 130 miles of trails.
„„ 100+ years of planning & investments in region’s
water supply system
„„ A 336-mile system brings 1.5 million acre-feet of
water per year to the area via the Central Arizona
Project
„„ Population projected to grow 50 percent between
1995 & 2025, but water demands to grow ONLY
25 percent
„„ One of the Lowest Transaction Privilege Tax in
the State
„„ Top 5 Regional Fiber Deployments in the U.S.
„„ One of top 5 regional fiber optic deployments in
US with more than 156,000 route miles of network
capacity
Photo By: Maureen Isree
4. Page 2
SCOTTSDALE ADVANTAGE
The City of Scottsdale is a premier Arizona
community with a distinguished history of
economic vitality and prosperity. It is a place
where people from around the globe flock to be
a part of “the vibe” that is Scottsdale. Scottsdale
is Arizona’s mecca for corporate business
professionals and new technology startups. It is a
business-friendly community where stakeholders
create environments which generate some of
the world’s most successful companies and
entrepreneurs. Scottsdale attracts industry and
people who are seeking a higher quality of life
and a superior corporate climate. Business and
people who locate in Scottsdale enjoy:
„„ Higher quality of life with a lower cost of
living in comparison to other major urban
centers across the U.S.
„„ Close proximity and accessibility to major
domestic and international markets via
Phoenix Sky Harbor International Airport
and Scottsdale Municipal Airport
„„ World-class research and development
opportunities with a highly educated and
well-trained workforce
With an impressive number of accolades,
Scottsdale continues to be recognized nationally
and internationally for its beautiful landscape,
vast retail offerings, attainable quality of life and
community safety.
The city offers a mix of lifestyle options for all
income levels and living preference, such as
modern urban living, high-end estates and family
neighborhoods. Scottsdale is an environmentally
conscious community with a long history of
open space preservation, environmentally and
financially sustainable municipal operations and
facilities.
Scottsdale’s Appaloosa Library was named one of
10 Landmark Libraries in the United States, Sunset
Magazine named Scottsdale one of the West’s
best places to live, and America’s Promise Alliance
named it as one of the 100 Best Communities for
Young People, for five consecutive years.
Page 1
Through its economic development investments and
programs, the City of Scottsdale retains, grows and
attracts targeted sources of wealth generation to enhance
the community’s tax base and quality of life, preserve the
natural environment and foster prosperity for all citizens.
Scottsdale, one of Arizona’s 10 largest cities is a premier
visitor location as well as a tremendous place to live and
do business. Scottsdale is home to 125 golf courses,
220 tennis courts, dozens of parks and hundreds of miles
of bike paths and hiking trails, and a Downtown with
more than 20 hotels, 90 restaurants, 320 retail shops and
80 art galleries. Scottsdale Airport and its surrounding
Commerce Airpark area is home to nearly 2,500
businesses with more than 48,000 jobs. The high-tech
innovation center SkySong, located just a few miles from
Downtown, is designed to help companies grow through
a unique partnership with Arizona State University.
Scottsdale was recently named one of the Top 100 Best
Places to Live in the United States, and was honored as
Arizona’s 2013 “eCity” by Google.
E L E V A T I N G
E X C E L L E N C E ,
P R O M O T I N G
P R O S P E R I T Y
Table of Contents
Scottsdale Advantage 2
Market Access 3
Demographics 5
Talent 7
Education 8
Taxes & Infrastructure 9
Comparable Markets 10
Scottsdale Map 11
Employment Centers 13
Target Industries 17
Assistance Programs 23
Local Business Resources 24
Cover Photos from Top Left to Right By:
Benjamin Baukol
Michelle Gee
Maureen Isree
Howard Myers
Maureen Isree
Maureen Isree
VISIONOPPORTUNITYOPPORTUNITY•VISION•COMMITMENT•QUALITYOFLIFE•PARTNERSHIP
5. At Scottsdale Mayo Clinic we leverage Scottsdale as a destination when we are recruiting a top scientist and
researchers- its an added draw to be in the community of Scottsdale.
— Wyatt W. Decker, M.D., Vice President, CEO, Mayo Clinic
Scottsdale Airport:
With 146,432 operations in 2012, Scottsdale Airport
is one of the busiest single runway facilities in the
nation. U.S. Customs “US-VISIT” is available seven
days per week and allows visitors from all over the
world to visit Scottsdale.
Phoenix Sky Harbor International Airport:
Sky Harbor is one of the 10 busiest airports in the
United States. More than 100,000 passengers,
1,200 aircraft, and 600 tons of cargo pass through
Sky Harbor each day. The airport is served by 15
major airlines with daily service to 80 domestic and
20 international destinations. Most employment
corridors in Scottsdale are located within a short 20
minutedriveto/fromPhoenixSkyHarborInternational
Airport. Additionally, Phoenix Sky Harbor Airport is
home to two major national airline hubs: American
Airlines and Southwest Airlines.
MARKET ACCESS
Within a 15-20 minute commute of surrounding
cities, Scottsdale is the perfect place to raise a
family, invest and live an active lifestyle. The City of
Scottsdale provides significant advantages due to
its location in the Phoenix Metro area.
Running parallel to the Loop 101 with access to
Interstate 10, Scottsdale is a short drive on the U.S.
60 or the Loop 202 to many of the region’s work
centers and entertainment venues. Scottsdale
has established and reliable water, electricity and
telecommunication service providers which supply
the infrastructure necessary to do business.
Domestic and
International Air Travel
Scottsdale offers exceptional access from several
airport locations, most notably Phoenix Sky Harbor
International Airport or Scottsdale Airport.
FLIGHT TIME DRIVE TIME
Los Angeles CA
5-1/2 hrs
LasVegas NV
4-1/2 hrs
METRO PHOENIX
RR
RR
Chandler
to Los Angeles
to LasVegas
to Flagstaff
Gilbert
Phoenix
Fountain Hills
Buckeye
Mesa
Glendale
Peoria
Tempe
Goodyear
Paradise
Valley
Salt River
Pima-Maricopa
Indian Community
SCOTTSDALEROAD
E. MCDOWELL ROAD
N.PIMAROADN.PIMAROAD
N.92ndSTREET
E. DYNAMITE BOULEVARD
E.136thSTREET
McDowell
Sonoran
Preserve
E. BELL ROAD
DOWNTOWN
CURE
CORRIDOR
SCOTTSDALE
AIRPARK
Phoenix
LEGEND
CITY BOUNDARY
101
101
E. SHEA BOULEVARD
E. THOMAS ROAD
E. INDIAN SCHOOL ROAD
E. CAMELBACK ROAD
N.HAYDENROAD
SCOTTSDALE
CORRIDOR
MCDOWELL ROAD
LOOP
202
LOOP
202
LOOP
101
LOOP
101
Page 4Page 3
Interstate Connectivity
6. DEMOGRAPHICS
Historical Unemployment Rates
Area 2009 2010 2011 2012 2013 May 2014
Arizona 9.8 10.4 9.4 8.3 8.0 6.6 (p)
Scottsdale 6.8 7.2 6.8 5.8 5.6 4.5 (p)
Mesa 8.3 8.8 8.3 7.1 6.6 5.4 (p)
Chandler 7.0 7.4 7.1 6.0 5.7 4.8 (p)
Source: U.S. Census 2012
Source: Bureau of Labor Statistics
Metro Cost of Living Comparison
Historical Unemployment Rates
Scottsdale is the 6th Most
Populous Municipality in Arizona
The City of Scottsdale is the 6th most
populous municipality in Arizona.
Tempe, AZ
Surprise, AZ
Scottsdale, AZ
Phoenix, AZ
Peoria, AZ
Mesa, AZ
Goodyear, AZ
Glendale, AZ
Gilbert, AZ
Chandler, AZ
Avondale, AZ
300,000
600,000
900,000
1,200,000
1,500,000
0
Page 5 Page 6
Source: Arizona Department of Economic Security Population
Estimates, 2013.
The City of Scottsdale Percentage
Population By Age
0
5Percent
10Percent
15Percent
20Percent
75 - 84
65 - 74
55 - 64
45 - 54
25 - 34
20 - 24
15 - 19
10 - 14
5 - 9
0 - 4 4.1%
4.9%
5.2%
4.8%
5%
12.2%
15%
15.6%
35 - 44 12.3%
11.5%
6.5%
Scottsdale Population by Age
Nearly 30% of City’s Population is between 20-34.
Scottsdale Population Demographics
Median Age 46
Median Household Income
$76,124
(AZ: $50,256)
Average Household Income $96,048
Per Capita Income $44,967
Average Household Size 2.13
Owner Occupied Households 68.10%
Median Disposable Income by Household $62,031
Average Disposable Income by Household $81,704
Median Home Value $261,652
Total Businesses 24,422
Total Employees in Scottsdale Businesses 143,515
Source: City of Scottsdale Economic Development, ESRI Business Analyst 2014
Source: Arizona Department of Economic Security
Population Estimates 2013
Source: Arizona Department of Economic Security
Population Estimates 2013Source: City of Scottsdale Economic
Development 2014
Scottsdale Population Demographics
Major Employers in Scottsdale
Scottsdale Population by Age
Nearly 30% of City’s Population is Between 20-34.
Scottsdale is One of the Top 10
Most Populous Municipalities in Arizona
7. Mayo Clinic/Arizona State University
Medical School
The Mayo Clinic/Arizona State University Medical
School is a collaboration intended to advance
medical research and education nationally and
internationally. This includes the development of
joint education programs, creating a joint seed-fund
program to pursue cutting edge research/technology
and shared collaborative research in bioinformatics
and bioengineering.
Mayo Clinic Research Facility
Located on the Scottsdale Mayo Clinic Campus,
research teams in Arizona actively investigate
complex diseases and conditions with a goal of
improving care for patients. As they search for
answers, scientists and physicians work side by side,
sharing ideas and results. Promising discoveries are
moved quickly from the laboratory to clinical trials,
with proven new therapies introduced to clinical
practice.
University of Arizona Medical School
Since 2007, medical students interested in the
University of Arizona College of Medicine have been
fortunateenoughtochoosebetweentwooutstanding
campuses: The University of Arizona College of
Medicine Tucson, which is the cornerstone of the
Arizona Health Sciences Center at the University
of Arizona; and the University of Arizona College
of Medicine Phoenix, located at the nexus of the
downtown Phoenix Biomedical Campus.
University of Phoenix
The University of Phoenix ranks as one of the top
online colleges in the country, and was ranked
fifth among online bachelor’s programs in terms of
student engagement and assessment as well as the
top 40 programs for faculty credentials and training.
DeVry University
The Keller Graduate School of Management is one
of the largest management schools in the United
States, with more than 50,000 alumni coast to coast.
It is known for its convenience and flexible programs,
allowing students to balance work, personal priorities
and graduate school.
K-12 Education
Scottsdale Unified School District (SUSD) covers
more than 112 square miles and serves most of the
Town of Paradise Valley and parts of the cities of
Tempe and Phoenix, in addition to most of Scottsdale.
SUSD offers five comprehensive high schools, one
online high school with Scottsdale Online Learning,
six middle schools, three K-8 schools, 16 elementary
schools and three early childhood campuses.
Basis Charter School in Scottsdale was ranked
number two out of more than 19,400 public high
schools for “Best High Schools, National Rankings”
by U.S. News & World Report Sept. 2014.
Higher Education
Maricopa County Community College
District
MCCCD serves all of Maricopa County and Metro
Phoenix, and is one of the largest community
college districts in the nation. It serves more than
200,000 students annually through its 10 accredited
colleges, two skill centers and additional education
sites. Scottsdale Community College is among one
of these colleges. It opened its doors in 1970 with
enrollment growing to 10,000 students per semester
in 2013.
Arizona State University
Arizona State University is located within a 15-minute
commute time from downtown Scottsdale. This
tier one research university offers a curiculum with
more than 300 majors, over 100 graduate programs
and professional/doctoral programs. It’s W.P. Carey
School of Business is ranked in the top 25 of Global
Business Schools and student enrollment annually
surpasses 73,000.
Scottsdale - Arizona State University
SkySong Innovation Center
SkySong is a 1.2 million square foot mixed-use
project featuring Class A commercial office space,
Arizona State University’s SkySong incubator and
the exceptional new SkySong Apartments. Skysong
is home to both startups and Fortune 500 companies
and is coveted as one of the most dynamic centers
for innovation, technology and economic expansion
in the western United States.
EDUCATION
Page 7 Page 8
TALENT
Scottsdale has historically been a net importer of
daytime workforce with a distinguished record of
having one of the highest job-housing ratios in the
state. Scottsdale’s targeted employment sectors
represent:
„„ Business Services
„„ Information, Communication and Technology
„„ Bio-Life Sciences and Healthcare
„„ Tourism and Hospitality
„„ Higher Education
„„ Retail
The broad range of industries in Scottsdale
provides the foundation for its vibrant economy.
Major employers include Scottsdale Healthcare,
Mayo Clinic, General Dynamics C4 Systems,
CVS/Caremark, Go Daddy Group, Vanguard and
Scottsdale Insurance.
The industry clusters that exist in Scottsdale have
maintained and thrived even in the greatest economic
recession since the Great Depression because of
the willingness and “Can Do” attitude that exists
in Scottsdale. These strong industry partners work
together to create success which contributes to their
bottom line. Scottsdale is a city that leads the way
in demonstrating a pioneering spirit which fosters
collaboration and creativity. It’s because of this spirit
that Scottsdale is one of the west’s most developable
cities.
Scottsdale has worked to unite education, workforce,
and economic development to support these
industry clusters. This effort has helped to accelerate
employment growth and provides Scottsdale
companies with high-impact and high-multiplier
occupations which builds strong companies and
proven sustainable economic foundations.
Description
2013 Jobs
Scottsdale
2014 Average Earnings Per Job
Scottsdale Metro Phoenix Arizona U.S.
Health Care and Social Assistance 25,194 $64,192 $59,304 $57,089 $54,685
Accommodation and Food Services 20,128 $24,382 $22,062 $21,129 $21,138
Retail Trade 18,665 $37,064 $36,146 $34,607 $33,611
Professional, Scientific and Technical
Services
15,524 $85,243 $87,807 $84,719 $97,215
Administrative and Support and Waste
Management and Remediation Services
14,514 $44,640 $40,052 $39,037 $41,373
Finance and Insurance 11,266 $88,288 $81,759 $80,146 $108,280
Wholesale Trade 8,052 $104,643 $82,825 $80,242 $80,038
Construction 7,159 $62,913 $59,698 $56,485 $63,580
Manufacturing 6,748 $95,431 $82,851 $82,981 $76,407
Government 5,689 $81,065 $69,389 $67,868 $72,876
Arizona Ranked 13th in the U.S.
Category 2014 Rank
Cost of Doing Business 28
Workforce 2
Quality of Life 27
Infrastructure & Transportation 8
Economy 15
Technology & Innovation 19
Business Friendliness 16
Cost of Living 27
Access to Capital 5
Overall 13
Source: 2014 CNBC’s America’s Top States For Business
Source: EMSI 2014
8. City of Scottsdale Water and Sewer Rates
Category O & M User Charge
per 1,000 gallons
Capital & other charges
per 1,000 gallons
Total sewer service charge per
1,000 gallons
Single-family residential $1.15 $1.48 $2.63
Multi-family residential $1.17 $1.50 $2.67
Commercial (w/out dining) $1.05 $1.65 $2.70
COMPARABLE MARKET REVIEW
Metro Cost Comparison
Scottsdale
San Diego,
CA
Boulder,
CO
North-Port-
Bradenton-
Sarasota, FL
Austin, TX
San
Francisco,
CA
Salt Lake
City, UT
Population 222,213 3,177,063 305,318 720,042 1,834,303 4,455,560 1,161,715
Median Age 44.4 34.9 35.7 50.3 33.1 38.5 31.4
GDP
(in millions of current dollars)
$23,600 $177,410 $20,332 $24,493 $98,677 $360,395 $72,072
Employment 121,350 1,258,800 159,440 239,850 823,200 1,977,800 641,000
Unemployment Rate 4.8 6.9 4.7 6.2 4.7 6 3.5
Annual Mean Wage $56,800 $50,770 $54,770 $39,800 $47,080 $62,680 $44,730
Annual Median Wage $43,119 $38,376 $41,371 $30,118 $35,610 $48,360 $34,965
Workers Compensation 1.61 2.92 1.42 1.82 1.6 2.92 1.35
Unemployment Insurance
(Cost per Employee)
$140 $238 $170 $216 $243 $238 $340
Right to Work State Yes No No Yes Yes No Yes
Unionization Rate
(% Covered)
N/A 15.4 9.9 9.9 4.1 16.4 4.7
Total Office Lease Rate $22.06 $26.14 $28.95 $15.81 $27.94 $42.29 $17.57
Total Industrial Lease Rate $10.40 $10.18 $6.92 $4.97 $7.32 $14.40 $4.70
Median Home Prices $369,750 $476,800 $442,800 $207,800 $220,600 $682,400 $221,100
Industrial Electric Rates (State
Average) (cents/kwh)
6.22 9.9 6.83 7.6 5.88 9.9 5.36
Office Electric Rates
(State Average) (cents/kwh)
9.24 12.76 9.59 9.54 7.97 12.76 7.74
Industrial Natural Gas Rates (State
Average)
($/thousand ft3)
6.32 5.77 5.76 6.96 3.93 5.77 5.32
Office Natural Gas Rates (State
Average)
($/thousand ft3)
8.43 7.05 7.26 10.41 7.24 7.05 7.13
Personal Income Tax Rate (Highest
Bracket)
4.54% 12.30% 4.63% None None 12.30% 5.00%
Corporate Income Tax Rate 6.97% 8.84% 4.63% 5.50% 1.00% 8.84% 5.00%
Effective Property Tax Rate ($25M
property)
1.85% 0.92% 2.02% 1.75% 2.32% 0.97% 1.25%
Sales Tax Rate 7.95% 7.75% 4.80% 7.00% 8.25% 8.50% 6.85%
Source: Greater Phoenix Economic Council 2014
Page 9 Page 10
Recent job growth in Scottsdale and the Phoenix
Metro area can be attributed to a number of
competitive factors. These include lower than
average workers’ compensation and unemployment
costs, declining corporate tax rates, reasonable
wage rates and lower utility costs.
UTILITY RATES
The City of Scottsdale is a water and wastewater
provider, while also maintaining close partnerships
with private electricity providers to ensure a
seamless development process and exceptional
business services. In addition, due to mild climate
and geographic location, natural catastrophic
occurrences in Arizona are minimal.
BROADBAND
The City of Scottsdale is well equipped with
broadband infrastructure and 99.6 percent of the
population has access to download speeds greater
than 100 Mbps compared to the national average
56.7 percent. Other notable technology percentages
include DSL connection at 99.5 percent, cable at
99.6 percent and wireless connection of 100 percent.
Scottsdale recently captured the 2013 eCity Award
from Google, an honor that recognizes the strongest
online business community in each state.
TRANSACTION PRIVILEGE
(SALES) TAX RATE
The City of Scottsdale imposes a 1.65 percent
privilege “sales” tax. The combined privilege “sales”
tax rate for the City of Scottsdale, State of Arizona
and Maricopa County is 7.95 percent for most
taxable activities.
USE TAX RATE
The City of Scottsdale imposes a 1.45 percent use
tax on items stored or used in the city, which have
been purchased or rented without a privilege or sales
tax equal to the Scottsdale use tax rate.
CITY OF SCOTTSDALE WATER AND
SEWER RATES
Water rates for single family residential range from
Tier 1-5 and the rate per 1,000 gallon is $1.65 -
$5.00. For multi-family, commercial, industrial and
non-residential water rates range from Tier 1-4 and
the rate per 1,000 gallons is $1.65-$3.70.
TAXES & INFRASTRUCTURE
State Utility Rate Comparison
AZ CA CO NV NM TX UT IL MD
Commercial (500kw, 180,000 kwh,
50 percent load factor)
8.76 12.91 8.14 8.25 10.08 5.50 7.62 8.39 10.84
Industrial (1,000kw, 650,000 kwh,
90 percent load factor)
6.98 9.61 5.62 7.09 8.22 5.50 5.72 7.68 10.62
Sewer Rates (source: City of Scottsdale Revised City Code, Section 49-141) Effective July 1, 2014Source: Sewer Rates (City of Scottsdale Revised City Code, Section 49-141) Effective July 1, 2014
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efaceporio escit; num teat.
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in nontis. To me te o es con ad corum quit; hum
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The McDowell Road Corridor offers easy access
to nearby residential and commercial centers,
freeways, Phoenix Sky Harbor Airport, regional parks
and shopping. Located along the McDowell Road
Corridor is SkySong - the Arizona State University
Scottsdale Innovation Center, which is home to a
global business community that links technology,
research, education and entrepreneurship to position
Arizona State University and Greater Phoenix as
global leaders in the knowledge economy. This 42
acre mixed use development will eventually house
1.2 million square feet of commercial space at
completion,withon-siteluxuryresidentialapartments
and retail/restaurant opportunities.
DowntownScottsdaleisagrowinghubfortechnology
and healthcare companies such as Yelp, McKesson
Pharmaceuticals, ZocDoc, ZIVELO and Weebly.
Within the area, increased density is permitted
to create the vibrancy to sustain a downtown city
center.
Technology companies and young professionals
are attracted to Downtown Scottsdale because it
provides a mix of specialty retail, art galleries, dining
to suit every taste, legendary nightlife, and public
art and cultural attractions with broad appeal. Also,
these individuals and companies find that they can
enjoy a higher standard of living for a fraction of the
cost in other metropolitan areas in the U.S.
While Downtown Scottsdale is becoming known for
its growing technology employment sector, citizens
andpeoplefromaroundtheglobecanenjoyoneofthe
most successful shopping centers in the southwest
United States—Scottsdale Fashion Square.
Considered the “gold standard” for super-regional,
high end enclosed shopping venues, Scottsdale
Fashion Square Mall includes 1.8 million square feet
of retail offerings anchored by Nordstrom, Neiman
Marcus, Dillard’s, Macy’s and Barney’s of New York.
DOWNTOWN SCOTTSDALE
„„ Downtown Scottsdale annual retail sales
average nearly $295 million per year
„„ 83 percent of overnight visitors to Scottsdale
report visiting Downtown
„„ Since 2010 more than $400 million of private
investment has occurred involving residential,
retail, hotel and office development
„„ There are more than 3,000 new luxury multi-
family residential units recently completed or
in final planning within a 3 mile radius 98
Page 13 Page 14
McDowell Road Corridor
HAYDENRD.
PIMARD.
ROOSEVELT RD.
THOMAS RD.
68thST.
64thST.
101
ASU SKYSONG :PAPAGO PLAZA
GENERAL DYNAMICS
McDOWELL RD.
Coronado Golf Course
El Dorado Park &
Community Center
McDOWELL RD.
ArizonaCanal
MCDOWELL CORRIDOR
$200M
INVESTED IN MCDOWELL
ROAD CORRIDOR SINCE
2009
Source: City of Scottsdale
Records
WORKFORCE SNAPSHOT
Total Jobs: 13,266
Average Earnings: $72,197
Median Age: 32.8
(Within a 20 minute drive radius)
SOURCE: ESRI Business Analyst and EMSI June 2014
Photo By: Janet Wunnicke
101 E
101 E
A mix of rich history, exceptional retail, and
emerging technology
Downtown Scottsdale Corridor
SCOTTSDALERD.
DRINKWATERBLVD.
MILLERRD.
CHAPARRAL RD.
CAMELBACK RD.
INDIAN SCHOOL RD.
GOLDWATERBLVD.
68thST.
OSBORN RD.
MERCEDES-BENZ of
SCOTTSDALE
FASHION SQUARE
MALL
W HOTEL
CITY
HALL
CENTER FOR PERFORMING
ARTS
SCOTTSDALE OSBORN HOSPITAL
ZOCDOC
YELP
HOTEL
VALLEY HO
Arizona
Canal
WEEBLY
31.1
MEDIAN AGE OF
RESIDENTS LOCATED
IN DOWNTOWN
SCOTTSDALE
Source: ESRI
WORKFORCE SNAPSHOT
Total Jobs: 40,715
Average Earnings: $48,781
Median Age: 31.1
(Within a 20 minute drive radius)
SOURCE: ESRI Business Analyst and EMSI June 2014
COMPANIES LOCATED AT
ASU SKYSONG :
Î Î Arizona Security and Defense
Î Î Arizona Technology Enterprises
Î Î ATOMdesign
Î Î AVD Healthcare
Î Î Century Link Communications
Î Î Global Patent Solutions
Î Î PayPal
Î Î Pyxl
Î Î Recruiting.com
Î Î Theranos
Î Î Ticketmaster
Î Î Yodle
Î Î WebFilings
11. Scottsdale is home to companies and professionals
dedicated to conducting research, clinical trials
and treating numerous diseases that affect the
human condition. People from around the globe
choose Scottsdale’s Cure Corridor because of its
geographic location and high quality workforce.
These companies include Mayo Clinic, Scottsdale
Healthcare, Translational Drug Development (TD2)
and Translational Genomics Research Institute
(TGen) to name a few.
From education and research to clinical trials and
patient care delivery, Scottsdale is home to an
amazing array of business assets in the bio-life
sciences sector.
THE CURE CORRIDOR
„„ Scottsdale Airpark major employment
sectors:
- Retail (14.6%)
- Healthcare (11.9%)
- Professional, scientific and
technical services (10.9%)
The Scottsdale Airpark is one of the largest
employment centers in Arizona, boasting over 48,000
jobs in more than 2,500 businesses. Strategically
located along the Loop 101 corridor, it is served by
two express commuter bus routes allowing access
to employers from all regions of the Phoenix Metro
area. Approximately 25 minutes from Phoenix Sky
Harbor International Airport, the Airpark reaches
a workforce of nearly half a million people within a
30-minute commute.
„„ Covers more than 2.3 million square feet of
development
„„ Home to some of the most prestigious
companies in the western United States:
Go Daddy, Taser, JDA Software, Nautilus
Insurance, Quicken Loans, CVS Caremark
and Vanguard
„„ Airpark planning regulations (Planned Airpark
Core Development) provide opportunities for
additional building height and density
„„ Scottsdale Airport generates about $3 billion
per year in economic spinoff activity
SCOTTSDALE AIRPARK
Page 15 Page 16
Scottsdale is an exciting environment, a growing and ever-changing community. It’s
high energy. It’s also a great recruitment area. — Chris Spinella, CEO, Apriva (source: Phœnix Business Journal)
Shea Boulevard / Cure Corridor
SCOTTSDALERD.
FRANK LLOYD WRIGHT BLVD.
SHEA BLVD.
136thST.
HAYDENRD.
FRANK
LLOYD
W
RIGHT
BLVD.
E. VIA LINDA
101
101
From education and research, to clinical trials
and patient care delivery
SCOTTSDALE HEALTHCARE –
SHEA MEDICAL CENTER
SCOTTSDALE MEDICAL IMAGING
TD2
(Translational Drug
Development)
MAYO CLINIC
WEST PHARMACEUTICAL
SERVICES -THE TECH GROUP
13%
OF PHOENIX - METRO
AREA BIO-LIFE SCIENCES
EMPLOYMENT IS
IN SCOTTSDALE AT
OR NEAR THE CURE
CORRIDOR
Source: EMSI
WORKFORCE SNAPSHOT
The average wage in Scottsdale in the
bio-life science sector is $60,143
21,604 jobs in bio-life sciences
market sector in Scottsdale
SOURCE: ESRI Business Analyst June 2014
Scottsdale Airpark Corridor
SCOTTSDALERD.
FRANK LLOYD WRIGHT BLVD.
RAINTREE DR.
N.PIMARD.
N.HAYDENRD.
REDIFIELD RD.
101
GLOBAL MED
101
One of the largest employment centers in
Arizona anchored by one of the most premier
private jet airports in the nation.
PINNACLE AVIATION
FENDER MUSICAL
INSTRUMENTS CORP.
GO DADDY
SCOTTSDALE
QUARTER
FAIRMONT
SCOTTSDALE
PRINCESS
WORKFORCE SNAPSHOT
Total Jobs: 48,719
Average Earnings: $56,938
Median Age: 40.1
(Within a 20 minute drive radius)
SOURCE: ESRI Business Analyst and EMSI June 2014
Photo By: James L. Christy
12. Scottsdale is home to nearly 25 percent of corporate headquarters in
the Phoenix Metropolitan Service Area (MSA). Companies choose
Scottsdale because it leads our peers nationally and internationally
in using technology to modernize government. Companies such as
GoDaddy and Google have recognized the value Scottsdale has placed
in this area which has led to Scottsdale being named a Google ECity
and the home to GoDaddy’s corporate headquarters.
High technology corporations are located in Scottsdale because
of the elevated standard set for deploying high-speed broadband
infrastructure. These standards make Scottsdale a global leader and hub
for technology innovation. Scottsdale is a test bed for new technology
and has a developed process for encouraging and managing these
applications. It is through this collaboration with our existing industry
partners that Scottsdale is revered as one of the crown jewels of the
southwest in advanced business services.
ADVANTAGE:
SCOTTSDALE ADVANCED
BUSINESS SERVICES
Î Î Three major insurance companies
with national headquarters
located in Scottsdale
Î Î Low relative cost of labor with
high number of executive,
administrative and managerial
workers
Î Î Direct flight access for clients
and corporate executives via the
Scottsdale Airport, with seven day
per week on-site U.S. Customs
service
Î Î Available corporate Class A
office space
ADVANCED BUSINESS SERVICES BIO-LIFE SCIENCES
ADVANTAGE:
SCOTTSDALE
BIO-LIFE SCIENCES
Î Î Strong geographic proximity
to cluster industries, and easy
access to key west coast markets
Î Î Venture capital investments in
Scottsdale is the second largest
in the State of Arizona
Î Î Partnerships with higher
educational institutions
Î Î One-fifth of local workforce
employed in a direct or
transferrable field
Healthcare industry in Scottsdale by the numbers:
$2.5B in direct economic output
$3.5B in indirect output
Average salary of $52,259
Source: Greater Phoenix Economic Council 2013
Health and wellness are an integral part of Scottsdale’s community
identity – and the accomplishments of the medical and health care
visionaries working in Scottsdale have the potential to improve and
extend quality of life for millions of people.
A strong local health care and bioscience industry cluster in Scottsdale
is the result of continued success in collaboration between local health
care providers and innovative research and biotech companies. The
target industries in this cluster include pharmaceuticals, other biological
products, medical laboratories and biotech research. Geographic
clustering is particularly important for these industries to support
innovation and to connect those conducting clinical trials with health
care providers. This target industry is currently located along Shea
Boulevard, referred to as the Cure Corridor.
Page 17
“Having been a valley resident for nearly 30 years with short breaks to live
on both the East and West coasts, I can’t think of a better place to start a
tech business than Arizona. We have a unique mix of the right environment,
talent, educational institutions and quality of life that is unmatched anywhere
in the U.S.”
— Hamid Shojaee, CEO, Axosoft, LLC
Top 10
TECH-SAVY CITY
Source: Center for Digital
Government
Average earnings per job in this
sector in the City of Scottsdale is
$79,997 compared to the
national average of $110,250
Source: EconomicModeling.org, December 2013
Page 18
“The Scottsdale Healthcare Shea Medical Center campus is becoming the
epicenter of research activity across the Scottsdale Lincoln Health Network.
From our outstanding community physicians to nationally-known physician
scientists, you don’t need to travel elsewhere for the latest advances in
medicine.”
— Tom Sadvary, CEO, Scottsdale Lincoln Health Network
13%
OF PHOENIX - METRO
AREA BIO-LIFE SCIENCES
EMPLOYMENT IS
LOCATED IN SCOTTSDALE
Source: EMSI
13. It’s important to know Vanguard
has been here for more than
17 years now and has a strong
commitment to the area. With the
additional building opening here,
it will hold upward of 700 people.
Our presence in Scottsdale
continues to grow.
— Deborah Akinsipe, Vanguard’s Director of
Human Resources in Arizona
According to Moody’s
Analytics, Arizona is
expected to have the
nation's fastest job growth
at 3% annually from
2012-2017. TechAmerica
Foundation's 2013
Cyberstates Report notes
that 55 of every 1,000
private sector workers in
Arizona are employed by
high-tech firms.
Scottsdale is becoming known as an emerging center for technology
development. It is home to an environment that combines successful
entrepreneurs, a highly talented workforce and a burgeoning high-
tech industry cluster. Being one of the ten largest cities in Arizona,
Scottsdale ranks second in the state for the amount of venture capital
its companies are able to attract, according to research conducted by
the Greater Phoenix Economic Council. It is also home to a number of
technology firms ranking in the Inc. 500. Arizona State University’s 42
acre SkySong Innovation Center presence in Scottsdale has advanced
the emergence of technology companies in the city. SkySong, one of
the most successful accelerators in the United States has launched
more than 100 companies since its founding in 2008.
Scottsdale has a strong base of highly skilled software engineers,
programmers and systems analysts to support this industry.
INFORMATION, COMMUNICATION
AND TECHNOLOGY A fundamental catalyst of Arizona’s economy has been entrepreneurship
and small business. Today, entrepreneurs are recognized as important
drivers of economic and social advancement, and new and young
enterprises are seen as vitally important sources of innovation, job
creation and productivity growth.
The National Venture Capital Association reports that Arizona ranked
17th in terms of total venture capital dollars invested ($212 million),
and 24th in terms of number of deals (15) in 2012. In 2011, Kauffman
Foundation’s Index of Entrepreneurial Activity reported that Arizona had
the highest rate of innovators starting new businesses in the U.S. That
year, 520 of every 100,000 Arizonans between the ages of 18 to 64 in
the state created a business, compared to the national average of 320.
In Scottsdale, an increasing number of startup and young enterprises
have been concentrating in the community in recent years.
EUREKA LOFT:
Recognizing the need to promote and encourage entrepreneurship, the
City of Scottsdale and the Scottsdale Public Library have partnered
with Arizona State University to create the first collaborative workspace
in the Alexandria Co-Working Network, a new Arizona State University
initiative that brings together inventors, problem solvers, entrepreneurs
and small businesses in community libraries across the United States.
The Eureka Loft space can be used by innovators and entrepreneurs
needing collaborative space on a daily basis to work on their ideas
while also getting mentorship, advice and access to some “pracademic”
classes both online and in the library.
ENTREPRENEURSHIP
Page 19 Page 20
ADVANTAGE:
SCOTTSDALE
INFORMATION,
COMMUNICATION AND
TECHNOLOGY
Î Î Impressive visitor location for
clients and business transactions
Î Î Location provides low
catastrophic risk, and ranks
among the top 10 US cities for
lowest disaster risk
Î Î Available corporate office space
Î Î Low workman’s compensation
and unemployment insurance
costs
“We’re extremely excited to open our new customer operations headquarters
in Scottsdale. There is an amazing pool of quality talent in the area.”
— David Rusenko, Co-founder of Weebly
ECITY
GOOGLE HONOR FOR
STRONGEST ONLINE
BUSINESS CITY IN THE
STATE
Source: Google
ADVANTAGE:
SCOTTSDALE
ENTREPRENEURSHIP
Î Î Scottsdale is home to more than
9,800 companies that generate $5
million in annual revenue founded
since 2010
Î Î In 2013, the University Business
Incubator Index named
Arizona State University’s
Entrepreneurship and Innovation
Group one of the world’s top
university business incubators
Î Î The Scottsdale Civic Center
Library partnered with Arizona
State University and the
Alexandria Network to create the
first collaborative workspace for
entrepreneurs in 2013
OVER
1,000
EMPLOYEES AT
Arizona State University
SKYSONG
Source: Arizona State
University Economic Affairs
2014
14. The state’s renowned universities and community colleges are
graduating highly qualified students in high-demand disciplines. Arizona
State University, the nation’s largest single-campus public university is
internationally recognized among the world’s best.
The City of Scottsdale is home to Arizona State University’s
SkySong Innovation Center. This development is home to a global
business community that links technology, research, education and
entrepreneurship to position Arizona State University and Greater
Phoenix as global leaders in the knowledge economy.
Greater Phoenix is home to the Maricopa Community College District
which is America’s largest community college system. Within this
system, Scottsdale Community College and Maricopa Corporate
College serve students of all ages. Maricopa Corporate College was
established in 2013 to address the needs of the local workforce and
provide market-relevant, customized training solutions and educational
programs for employers. It engages employers and industry associations
to assess and deliver custom workforce solutions.
These schools not only attract large numbers of college students, they
have major science and technology research programs which contribute
to the high number of engineers in the state’s skilled workforce.
HIGHER EDUCATION
ADVANTAGE:
SCOTTSDALE
HIGHER EDUCATION
Î Î Arizona State University –
Graduates 2,600 business
students per year
Î Î WP Carey School of Business
(Arizona State University) –
Ranked in top 25 in Global
Business Schools
Î Î Mayo Clinic/Arizona State
University Medical School –
Highly ranked medical school at
Mayo Clinic Hospital
Î Î Scottsdale Community College –
Nationally recognized academics,
seamless university transfer
The National Science
Foundation ranked Arizona
fourth in the United States
regarding bachelor’s
degrees conferred per
1,000 students age 18-24
and eighth in science and
engineering doctorates
conferred per 1,000
employed holders of
science and engineering
doctoral degrees.
Scottsdale is an internationally recognized tourism destination
community, widely known for its golf courses, recreational
amenities, climate and high-end resorts. An emerging Downtown
with its urban “boutique” hotels, nightlife scene, numerous events
and attractions, dining opportunities and art galleries complements
the Old Town western heritage and beautiful open spaces of the
McDowell Sonoran Preserve to provide visitors a unique and exciting
destination for travel.
Bed tax revenues contribute tremendously to the city’s ability
to continually reinvest in the signature events, arts and cultural
amenities that contribute to Scottsdale’s attractiveness to
visitors. The Scottsdale Economic Development team focuses
on supporting the attraction of hospitality infrastructure such as
resorts, entertainment, retail and dining offerings and the promotion
of Scottsdale as a premier destination for both leisure and business
visitors. Tourists to the Scottsdale area have a tremendous impact
on rmunicipal revenue, as privilege tax collections attributable to
visitors for FY12/13 totaled an estimated $35 million.
The visitor industry provides an estimated $35 million (approximately
22 percent) of total privilege tax collections in Scottsdale.
Source: City of Scottsdale Tax Audit Section, 2012.
TOP
100
BEST PLACES TO LIVE
IN U.S.
Source: Livability.com
Page 21 Page 22
VISITOR-HOSPITALITY
TRADE AND COMMERCE
ADVANTAGE:
SCOTTSDALE VISITOR,
HOSPITALITY TRADE AND
COMMERCE
Î Î The average room rate for market
area in 2012 was $145.65, and
occupancy was 61.5 percent
Î Î The typical overnight leisure
traveler to Scottsdale is 58 years
old with a median household
income of $96,300 according to
Behavior Research Center’s 2012
City of Scottsdale Visitor Inquiry
Study
“Choose Scottsdale. The lifestyle, the
weather, its unbeatable.”
- Andrew Chippindall, GM, Hotel Valley Ho
The visitor industry provides an
estimated $35 million (approximately
22 percent) of total privedge tax
collection in Scottsdale
Source: City of Scottsdale
8.9 MILLION
PEOPLE ON AVERAGE
VISIT SCOTTSDALE
EVERY YEAR
Source: Scottsdale
Convention and Visitors
Bureau
15. Qualified Facility
The Qualified Facility program offers a
refundable income tax credit for eligible
companies making a Capital Investment to
establish or expand a Qualified Facilities.
Foreign Trade Zone
Businesses, located in a zone or sub-zone are
eligible for up to an 80 percent reduction in
state real and personal property taxes.
Renewable Energy
Tax Incentive
Renewable Energy tax credit provides an
income tax credit based on the amount of
electricity produced annually for a 10-year
period using solar or wind energy.
Healthy Forest
Healthy Forest provides incentives for
certified businesses that are primarily
engaged in harvesting, processing or
transporting of qualifying forest products.
Lease Excise
Lease Excise is a redevelopment tool
to initiate development by reducing a
project’s operating costs by replacing the
real property tax with an excise tax.
Work Opportunity
The Work Opportunity Tax Credit is a
federal tax credit provided to private-
sector businesses from groups who have
consistently faced significant barriers to
employment.
Quality Jobs
The Quality Jobs tax credit offers up to
$9,000 of Arizona income or premium tax
credits spread over a three-year period for
each net new quality job.
Computer Data
Center Program
(CDC) provides Transaction Privilege Tax
and Use Tax exemptions at the state,
county and local levels, on qualifying
purchases of CDC Equipment.
Research & Development
The R&D tax credit provides an Arizona
income tax credit for increased research
and development activities conducted in
this state.
Additional Depreciation
Accelerates depreciation schedules for
prospective acquisitions of commercial
personal property.
Sales Tax Exemptions for
Manufacturing
The Sales Tax Exemption for Machinery
and Equipment is a sales tax exemption
for various machinery or equipment.
STATE ASSISTANCE PROGRAMS
The Arizona Competitiveness Package, HB2001, encompasses some of the most powerful economic
development legislation in the country, making Arizona one of the most attractive locations in the world for
your corporate clients to operate. For more information please visit www.azcommerce.com.
ChooseScottsdale.comwebsite,offeringdatahelping
businesses examine performance benchmarking,
competitive assessments, advertising market
identification and customer demographic analysis.
Workforce Training Assistance
We work with our partners at Maricopa Workforce
Connections, Maricopa Corporate College, Arizona
Commerce Authority and the Scottsdale Community
College to assist companies in their workforce
needs. We can assist in helping companies access
tailored training programs, in some cases in obtaining
funding to defer the costs, and in recruitment efforts
for new talent.
Employer Visitation Program
Our team conducts visitations and interviews
with local businesses to gather industry-specific
information, inform them about city services, and
address their needs. We have tools and resources
available to aid in the process. These interview
results aid us in developing new tactical and
direct assistance programs for businesses that are
expanding, in need of financial or management
technical assistance, seeking help with workforce
recruitment or workforce development, and other
needs.
Small Business Training
The department produces an ongoing small business
series entitled ‘Taking Care of Your Business’ at
the Eureka Loft at Scottsdale Civic Center Library.
The program is taped and available on YouTube.
The series covers diverse topics such as strategic
marketing, working with city departments and
keeping your business safe.
Relocated Employee
Orientation Support
Have you relocated employees to your Scottsdale
location, or have you recruited new ones from
outside of Arizona? If so, we are here to help you
support their integration into the community through
welcome wagon bags and materials, to informational
presentations about living in the desert southwest.
We look forward to working with you to develop a
“Work Scottsdale” Initiative
The City of Scottsdale economic development
department is dedicated to the success of
companies who have chooses to call Scottsdale
home. To accomplish this goal we work in
collaboration with existing companies in the
recruitment of talented professionals on a national
scale. The ‘Work Scottsdale’ initiative includes a
combination of messaging campaigns delivered
through social media, the creation of marketing
and relocation materials for prospective workers,
an online jobs portal and the participation in
job market expos in markets where labor with
targeted skill sets are prevalent. Learn more at
www.choosescottsdale.com/work.
Data and Research Support
The department maintains access to databases
and research that can be helpful in obtaining
the information Scottsdale companies need for
successful operations and expansion. This can
include labor market data, community demographics,
development cost estimating, housing analysis and
more.
Dedicated Project Manager
We offer personal project management assistance
to help companies developing in the city, whether
it is with permitting and zoning of new or renovated
facilities, applications for tax and licensing or in
arranging consultations with our Police or Fire
Departments.
Site/Property Location Assistance
Utilizing real estate database searches, combined
with city insight regarding zoning, infrastructure
and general plan designations, we can assist you in
finding the perfect location for your business within
the timeframe required.
SizeUp for Local Business
Intelligence Tool
‘SizeUp’ is available for use at no cost to current
and prospective Scottsdale businesses on the
Page 23
BUSINESS RESOURCES
The City of Scottsdale’s Economic Development team is committed to providing exceptional customer
services to its business community. Some of the current services available to your business include:
17. 3839 North Drinkwater Blvd., 2nd Floor
Scottsdale, AZ 85251
Phone: 480-312-7989
Business@ScottsdaleAZ.gov
For Digital Version go to
www.choosescottsdale.com/cg
Paradise
Valley
Salt River
Pima-Maricopa
Indian Community
Fountain
Hills
Cave
Creek
Carefree
McDowell
Mountain
Regional Park
SCOTTSDALEROAD
E. MCDOWELL ROAD
N.PIMAROADN.PIMAROAD
N.92ndSTREET
E. DYNAMITE BOULEVARD
E.136thSTREET
McDowell
Sonoran
Preserve
E. BELL ROAD
DOWNTOWN
SCOTTSDALE
MCDOWELL ROAD
CORRIDOR
CURE
CORRIDOR
SCOTTSDALE
AIRPARK
Phoenix
LEGEND
GENERAL AREA OF INTEREST
CITY BOUNDARY
101
101
E. SHEA BOULEVARD
E. THOMAS ROAD
E. INDIAN SCHOOL ROAD
E. CAMELBACK ROAD
N.HAYDENROAD
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