As companies are searching for individuals with the skills and passion to help them thrive, the PHX East Valley’s workforce has exactly what they need. And Talent is just one of the many benefits the PHX East Valley’s workforce offers companies and entrepreneurs operating in the region. Here are 5 things you need to know about our region’s workforce and business climate.
#1 Our Workforce is Young and Ready to Assist
The PHX East Valley offers top companies and entrepreneurs a young workforce that probably knows a thing or two about social media, the latest apps and current trends. According to the U.S. Census Bureau, the median age of PHX East Valley residents is 34.98, which is lower than, Arizona (35.9), San Francisco (38.6), Seattle (36.1), Los Angeles (35) and the U.S. (37.2).
#2 Our Workforce is Educated
The PHX East Valley offers its residents a prime educational environment with the most innovative school in the nation, Arizona State University (ASU), one of the most challenging high schools in the nation and several innovative incubators and accelerator programs for growing startups. These resources have helped equip the PHX East Valley workforce with the skills that companies’ desire. According to the U.S. Census Bureau, the PHX East Valley has a higher percentage of its population, age 25+, that have earned a Bachelors Degree or higher (36%) compared to Arizona, (27%), Los Angeles (32%) and the U.S. (29.8%).
#3 Our Workforce is Diverse & Growing
In just 3 years, by 2020, the PHX East Valley’s population is expected to grow from 1.2 million to 1.4 million residents. And, the region’s labor force is already at 871,186 people. In addition, the PHX East Valley provides opportunities for diversity in the workplace, with 33,835 women owned firms and 20,591 minority owned firms in the region. Plus the PHX East Valley has an unemployment rate of 4.9%, which is lower than Los Angeles (7%).
#4 Our Workforce Presents Opportunities
The PHX East Valley’s dynamic economy presents a wide range of career opportunities for its workforce. The top three industries in the region are advanced manufacturing, aerospace/defense/aviation and technology/innovation. Top companies such as Amazon, Intel and Boeing already investing in the region through their facilities. The PHX East Valley is also an ideal location to grow a startup with business costs 40% lower than in California.
#5 Our Workforce Offers Competitive Pay
Companies and entrepreneurs aren’t the only ones benefitting from what the PHX East Valley has to offer. The PHX East Valley’s residents in the workforce have access to competitive salaries through the various jobs in the region. According to the U.S. Census Bureau, the median household income is the PHX East Valley is $62,533, which is higher than Los Angeles, Denver and Salt Lake City.
