Business Facilities - November 2007 - (Page 33)

BUSINESS REPORT Arizona By Jenny Vickers High Tech and Aerospace Heat Up in Arizona With several new investments in Arizona’s high-tech and aerospace industries, the state reaffirms its intention to remain a globally competitive location. D espite news of outsourced jobs and company layoffs, such as those occurring at Chandler, AZ-based Rogers Corporation and Phoenix, AZ-based STMicroelectronics, Arizona is the recipient of plenty of new investments that are helping to shape the future of the state’s high-tech industry. Intel’s newest $3 billion, 300-mm wafer fabrication facility known as Fab 32 in Chandler, AZ is one such investment. This new facility, which opened for business in October, created about 1,000 jobs for the area. It is reportedly the only full-scale semiconductor production facility in the world to utilize the latest 300-mm wafer and 45-nm chiplogic technologies together. This is the fourth semiconductor plant that Intel has built in Chandler since set- ting up shop there in 1980. Arizona ranks fourth nationwide in semiconductor manufacturing employment, with 22,500 workers. Arizona State University (ASU) in Greater Phoenix and the University of Arizona (UA) in Tucson function as incubators for emerging technologies, helping to propel growth in the hightech industry for the state. UA’s U.S. Science and Technology Park, which is home to nearly 30 high-tech companies, offers an environment that is designed to foster technology development from the laboratory to the marketplace. Arizona Technology Enterprises (AzTE) at ASU works with university inventors and industry to transform scientific progress into products and services. Between 2004 and 2006, AzTE generated over $78 million in licensing revenue for 15 ASU spin-out companies. Perhaps the most exciting new hightech destination in Arizona is SkySong. Located between downtown Scottsdale, AZ and the ASU main campus in Tempe, AZ, SkySong is a mixed-use development consisting of 1.2 million square feet of research, office, and retail space. Companies locating there can take advantage of the convergence of technology, researchers, knowledge workers, and investors on-site, as well as the scientific, technology, and business assets of ASU. In August of this year, American Solar Electric announced it will be moving about half of its 32 employees to SkySong. “SkySong provides American Solar Electric with a number of synARIZONA FAST FACTS Population (2006): 6,166,318 Largest Cities (2006): Phoenix, 1,512,986; Tucson, 518,956; Mesa, 447,541; Glendale, 246,531; Chandler, 240,595 Targeted Industries: High tech, aerospace, healthcare and biotechnology, agriculture technology, engineering services/research/testing, and logistics Key Incentives: Commercial/ Industrial Solar Energy Tax Credit program, the Angel Investment program, Healthy Forest Enterprise Incentives Program ARIZONA GROWTH INDICATORS State Population Gross State Product ($billion) Personal Income Per Capita ($) Retail Sales ($billion) Value of All Building Permits ($billion) Total Net Assessed Valuation* ($billion) Department of Defense Contracts ($billion) National Institutes of Health Funding ($million) 2000 5,130,632 158.5 25,660 36.4 11.7 31.8 4.6 110.5 2006 6,305,210 216.5 31,458 53.9 21.4 ** 54.4 5.6 ** 175.9 ** % CHANGE 23.0% 36.6% 22.6% 48.1% 82.7% 71.1% 21.7% 59.2% SOURCES: ARIZONA DEPARTMENT OF ECONOMIC SECURITY, U.S. CENSUS, ARIZONA DEPARTMENT OF REVENUE, ARIZONA REAL ESTATE CENTER - ARIZONA STATE UNIVERSITY, BUREAU OF ECONOMIC ANALYSIS. * 2006 SECONDARY NET ASSESSED VALUES PER ARIZONA TAX RESEARCH FOUNDATION **DATA IS FROM 2005 BUSINESS FACILITIES 33

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Business Facilities - November 2007 Contents First Words Snapshots Metro Spotlight: Indianapolis Region, Indiana Georgia's Pursuit of Industry Extreme Technology Sites A Tennessee Trifecta A Watershed Moment for Philly Metro Spotlight: Mexico-Texas Border Region High Tech and Aerospace Heat up in Arizona Meeting the Information Technology Challenge IEDC Announces 2007 Winners Corporate Moves: Alabama Northeast Arkansas Scores Major Investments Corporate Moves: Virginia Metro Spotlight: Martinsville-Henry County, VA Renewable Michigan Advertiser Index Ask the Expert

Business Facilities - November 2007

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