Economic Change in Greater Phoenix

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Economic Change in Greater Phoenix

• August 25, 2003

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Sheer Growth

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Recent Disconnect Between Population Job Growth

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Recent Disconnect Between Population Job Growth
Recent Disconnect Between Population Job Growth

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

Annual Change in Population Wage/Salary Jobs
Maricopa County 1982-2002
Source MAG AZ DES
Population
Jobs
Unemployment rate (annual average)
7.9
6.5
5.6
2.7
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Economic Situation from Sheer Growth

• Industries that respond to sheer growth
• Construction, real estate, utilities
• Industries supported by consumer demand
• Retail, personal services, health services, local
  government
• Certain weaknesses
• Weak economic base
• Low cost, low wage economy

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Concept of Economic Base
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1990s Economic Base Change
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Weak Economic Base
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Low Wage Economy

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Industry Clusters by Average Wages

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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GPEC Target Clusters High Wage

• Software
• 32,500 new jobs by 2010 - 29,100 in 2000
• 63,600 average wages 2000
• Advanced Business Services
• 27,700 new jobs by 2010 293,178 in 2000
• 37,100 average wages 2000
• High Tech Electronics
• 20,500 new jobs by 2010 60,048 in 2000
• 69,400 average wages 2000
• Bioindustry
• 12,900 new jobs by 2010 8,790 in 2000
• 49,900 average wages 2000
• Aerospace Aviation
• 12,300 new jobs by 2010 54,746 in 2000
• 47,900 average wages 2000

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High-Wage Clusters Mainly in Seven Communities

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Other Basic Clusters Widespread Distribution

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Nonbasic Clusters Tax Generators with
Widespread Distribution

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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106 Job Centers in Greater Phoenix

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

55 County Jobs 2000 55 County Jobs Build-out
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59 Regional Job Centers

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Advanced Business Services 293,178 jobs in 2000
US output growth 31 2000-2010 (7th) Wages -
37,000 Phoenix competitiveness very
strong Clustered in regions center mature
suburbs 19 of 106 job centers
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Bullet PointSlide
High Tech Electronics 60,048 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 137 2000-2010 (1st) Wages
-69,000 Phoenix competitiveness losing
ground Mainly Southeast Valley northern region
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Bullet PointSlide
Aerospace Aviation 54,746 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 23 2000-2010 (11th) Wages -
49,000 Phoenix competitiveness Still
good Very wide dispersal, mainly at airports
primarily industrial job centers
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Bullet PointSlide
Software 29,100 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 73 2000-2010 (2d) Wages -
64,000 Phoenix competitiveness good Central
band north to south in higher end job centers,
both city core suburbs
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Bullet PointSlide
Bioindustry 8,790 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 46 2000-2010 (3d) Wages -
50,000 Phoenix competitiveness good No clear
pattern, more East Side
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Bullet PointSlide
Tourism 159,873 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 35 2000-2010 (5th) Wages -
17,000 Phoenix competitiveness good Wide
dispersal, primarily retail-oriented job centers
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Bullet PointSlide
Transportation Distribution 105,472 jobs in
2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 32 2000-2010 (6th) Wages -
43,000 Phoenix competitiveness good Wide
dispersal at freeways airports, in primarily
industrial job centers
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Bullet PointSlide
Other Basic Industries 35,896 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 20 2000-2010 (13th) Wages -
36,000 Phoenix competitiveness
good Following freeways, in primarily industrial
job centers
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Bullet PointSlide
Supplier Industries 28,482 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 34 2000-2010 (9th) Wages -
35,000 Phoenix competitiveness very
strong Clustered in regions central areas,
primarily in industrial-oriented job centers
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Bullet PointSlide
Ag Food Processing 19,750 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 5 2000-2010 (17th) Wages -
26,000 Phoenix competitiveness
average Mainly West Side, near agriculture, in
primarily industrial job centers
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Bullet PointSlide
Plastics 5,557 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 46 2000-2010 (3d) Wages -
34,000 Phoenix competitiveness
average Industrial-oriented job centers
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Bullet PointSlide
Minerals Metals 5,607 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 10 2000-2010 (16th) Wages -
43,000 Phoenix competitiveness
good Industrial-oriented job centers
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Bullet PointSlide
Consumer Industries 250,984 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 30 2000-2010 (8th) Wages -
26,000 Nonbasic will grow with regions
population Geographically dispersed in primarily
retail-oriented job centers
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Bullet PointSlide
Growth Cluster 194,555 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 24 2000-2010 (10th) Wages -
35,000 Nonbasic will grow with population
change Wide dispersal, some in newly urbanizing
areas
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Bullet PointSlide
Government 181,900 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 21 2000-2010 (12th) Wages -
42,000 Mostly nonbasic will grow with
population Wide dispersal, in regional city
centers
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Health Services 91,411 jobs in 2000
US output growth 10 2000-2010 (16th) Wages -
40,000 Nonbasic will grow with
population Wide dispersal at regional
sub-regional centers
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Bullet PointSlide
Education 14,531 jobs in 2000

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

US output growth 19 2000-2010 (14th) Wages -
32,000 Nonbasic will grow with region Wide
dispersal, primarily where higher education
facilities
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Local Site Factors

• Job Centers
• Presence of physical infrastructure
• Transportation access
• Proximity to suppliers
• Availability of built space
• Commute Sheds
• Workforce accessibility
• Educational quality
• Housing availability

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Bullet PointSlide
Site Factor Competitiveness of Job Centers

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

• Most Important Local Determinants
• Access to population residential development
  in commute sheds
• Availability of built industrial and office
  space in job centers

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Local Economic Development Strategy Emphases

• Bullet Point
• Sub bullet
• Smaller bullet, etc.

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Top Local Economic Development Priorities

• Industry targets 13
• Build up responsiveness to E.D. process 11
• Coordinate growth areas/industries with community
  development policies 11
• Enhance quality of life 9
• Build up physical capacity 8
• Revitalize existing geographic areas 8
• Focus on citizen job training/income enhancement
  7
• Promote retention/expansion 6
• Promote certain geographic areas 5
• Enhance fiscal strength/stability 4
• Leverage/protect existing assets 4

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For more informationContact Jack
Tomasikjtomasik_at_mag.maricopa.gov(602) 254-6300