Description
Created in 1989, GPEC is a public-private economic development partnership that leverages resources to attract business to Greater Phoenix. GPEC is supported by Maricopa County, 18 cities and towns and more than 140 private-sector businesses. Its mission is to leverage regional resources to develop a high-performance economy by attracting high-quality investments and jobs.
How is GPEC funded?
As an independent 501c3, non-profit corporation, GPEC is a public-private partnership with about half of its funding from Maricopa County and member communities and half from private-sector investors. The communities provide funding based on population and Maricopa County provides funding based on the communities' level of investment.
What types of companies does GPEC bring to Greater Phoenix?
GPEC is committed to bringing high-quality, high-wage jobs to Greater Phoenix. As part of our long-term regional strategy we focus on Aerospace and Aviation, Advanced Business and Financial Services, Bioscience, Emerging Technology and Sustainability, while continuing to capture opportunities in a wide range of industries.
How does GPEC attract businesses to Greater Phoenix?
GPEC markets the region through select print advertisements, direct-mail campaigns and editorial marketing. GPEC and its EDDT partners also conduct face-to-face selling to corporate executives and site-selection consultants through sales trips and trade conferences. Once a prospect is generated, GPEC works in partnership with our various partners around the region including the Arizona Department of Commerce, our local communities, utility companies, real estate community, educational institutions and many others to encourage the company to select Greater Phoenix.
How many businesses has GPEC brought to the region?
From inception in 1989 to June 2007, GPEC has assisted more than 412 companies with Greater Phoenix locations, including Intel, USAA, Countrywide, Covance and Mayo Clinic. These GPEC locates have brought more than 74,704 jobs, $9.2 billion in capital investment and $9.2 billion in payroll to the region.
How do members have an impact on GPEC's economic development strategy?
There are many ways for investors to support GPEC's initiatives in addition to their financial contribution. The Ambassador program and the Community Building Consortium are two structured programs designed to leverage the investor relationship to support GPEC. Outside of these programs, investors are encouraged to participate in GPEC's various meetings and events, champion key initiatives to improve the local region's business climate and refer potential investors and corporate locate leads to GPEC.
Why would my company join GPEC?
The creation or attraction of high-quality jobs to the region improves the entire region's economic performance. This economic activity has a positive impact on virtually every industry, which will benefit our investors and our communities. In addition to these macro benefits, investors have access to GPEC's research including industry trends and proprietary data, receive GPEC communications, participate in GPEC programs such as the Ambassador program, high-profile networking opportunities at GPEC meetings and events and opportunities to explore leadership roles on select committees and task forces.
How is GPEC different than a chamber?
GPEC is a partnership between the public and private sectors, created to attract new business into the region, while local chambers focus on retention and expansion of businesses already located in Greater Phoenix. The mission of business attraction charges GPEC with marketing the region nationally and internationally, along with improving the business climate to keep Greater Phoenix competitive with other regions for new business opportunities. GPEC often collaborates and partners with chambers on key business climate issues affecting the region.
How is GPEC different than the Arizona Department of Commerce (ADOC)?
Where ADOC works on a statewide level, GPEC is strictly chartered to market the Greater Phoenix metropolitan region. ADOC and GPEC partner on a number of projects and have an established protocol for prospect handling and communications.
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