Business Facilities -November 2008

BUSINESS REPORT Arizona Growth Indicators 2000 State Population Gross State Product ($billion) 2007 Personal Income ($billion) 2007 Per Capita ($) 2007 Retail Sales ($billion) Value of All Building Permits ($billion)* Total Net Assessed Valuation* ($billion) Department of Defense Contracts ($billion) National Institutes of Health Funding ($million) *ASU Real Estate Center **Still 2006 number 2007 6,500,194 247.0 209.4 33,029 54.6 16.5 54.4 9.3** $170.9 % Change 2000-2007 26.7% 55.8% 57.9% 28.8% 45.1% 40.5% 71.1% 102% 56.2% 5,130,632 158.5 132.6 25,653 37.6 11.7 31.8 4.6 $109.4 SOURCE: ARIZONA DEPARTMENT OF COMMERCE, U.S. CENSUS, ARIZONA DEPARTMENT OF REVENUE, ARIZONA REAL ESTATE CENTER – ARIZONA STATE UNIVERSITY, BUREAU OF ECONOMIC ANALYSIS Arizona Employment by Sector Quarterly Census of Employment and Wages [QCEW or ES-202] 2007 Q3 Employment & Wages Industry Agriculture & Forestry Mining Utilities Construction Manufacturing Wholesale Trade Retail Trade Transportation & Warehousing Information Finance & Insurance Real Estate, Rental & Leasing Professional, Scientific & Technical Management of Companies Administrative & Support Educational Services Health Care & Social Assistance Arts, Entertainment & Recreation Accommodation & Food Services Other (except Public Administration) Public Administration Unclassified Total Employment 18,656 11,884 23,323 226,441 181,737 108,508 329,072 70,384 42,017 130,488 52,232 131,793 27,292 245,060 36,871 260,677 34,994 230,681 71,798 157,402 2,743 2,607,182 Emp. % Change 06-07 –4.7 17.9 3.0 –7.3 –3.5 2.6 3.0 –1.2 –3.5 –0.1 1.5 3.8 9.7 –0.8 3.7 4.9 5.6 0.4 2.7 4.0 –61.7 0.8 Wages $25,479 $57,131 $74,740 $41,091 $57,164 $58,867 $28,085 $43,844 $42,918 $55,327 $40,483 $60,187 $68,626 $29,670 $35,361 $44,387 $30,502 $16,798 $28,442 $51,719 $39,889 $40,708 SOURCE: PREPARED BY ARIZONA DEPARTMENT COMMERCE, RESEARCH ADMINISTRATION, IN COOPERATION WITH THE U.S. DEPARTMENT OF LABOR, BUREAU OF LABOR STATISTICS 4.7 percent nationally), adding more than 12,600 jobs totaling 80,909. The number of bioscience establishments in the state increased 16.7 percent during the same time period, rising from 639 to 745. In addition, through three-quarters of 2007, Arizona already had recorded its most successful year in attracting bioscience venture capital ($77 million) since 2002. Earlier this year, Abraxis BioScience, a Los Angeles pharmaceutical company that uses nanotechnology to kill cancer cells, announced plans to locate in Phoenix. The nowopened 200,000-square-foot-facility will create 205 jobs with an average annual salary of $72,200. Its location in Phoenix puts the company in close proximity to global bioscience leaders such as the Mayo Clinic, Covance, Barrow Neurological Institute and Medtronic Microelectronics Center, as well as world-class research establishments, such as Arizona State University, Translational Genomics Research Institute, and Sun Health Research Institute. The new facility allows Abraxis to expand its manufacturing capabilities and provide the necessary infrastructure for worldwide growth of the company. In 2005, Abraxis received approval from the U.S. Food and Drug Administration for a drug called Abraxane to treat metastatic breast cancer with nanoparticles. The drug accounted for $78.7 million in revenue during the second quarter of 2007. For businesses locating and expanding in Arizona, the state offers one of the largest workforce footprints in the West, a myriad of unique government programs, as well as targeted incentives that pro- 36 NOVEMBER 2008

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Business Facilities -November 2008 Contents First Word Sanpshots Corporate Moves: Utah Kodak Develops a Megasite in Upstate New York Anatomy of a Deal: Studley Finds a New Space for Myspace Metro Spotlight: Johnson City, TN A Renaissance of Growth in Medical Plastics The Lone Star State Flexes Its Muscles Asia: A Portrait of Growth Sky's the Limit for High-tech in Arizona Corporate Moves: Pennsylvania Ohio Leads the Way Alabama's Tide Rolls to the Future IEDC 2008 Award Winners Advertiser Index Introducing Navigator Livexchange

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