Greater Phoenix Economic Council (GPEC)
Overview
The Greater Phoenix Economic Council (GPEC) is a leading economic development organization based in Phoenix, Arizona, founded over 35 years ago. It is focused on attracting, expanding, and influencing the growth of quality businesses in the Greater Phoenix area. GPEC has facilitated the establishment of over 1,000 companies, resulting in around 190,000 jobs and more than $69 billion in capital investments. Its collaboration spans 22 member communities, Maricopa and Pinal counties, and more than 220 private investors.
Mission and Services
GPEC aims to serve as a strategic partner for global companies looking to expand or relocate to Greater Phoenix. Through a data-driven approach, it provides businesses with comprehensive support via their Research & Strategy team. This includes advanced data analytics, operational cost comparisons, labor market data, and site selection assistance, making critical insights available on transportation, real estate, tax incentives, labor costs, and economic impact.
Leadership
- Chris Camacho, President & CEO: Oversees strategic efforts for economic diversification and development.
- Maureen Howell, Chief Operating Officer: Ensures operational excellence and compliance across GPEC's departments.
- Brad Smidt and Thomas Maynard, Senior Vice Presidents of Business Development: Facilitate national and international market connections for Greater Phoenix.
Initiatives and Impact
GPEC aligns its strategic initiatives to promote a tech-forward economy, focusing on industries like biosciences and technology. Their efforts contribute to Greater Phoenix's status as an innovation hub. Collaboration with local/state officials and educational/workforce leaders enhances the region’s appeal to potential businesses.
Recognition
Consistently honored as a top national economic development organization, GPEC has been particularly noted by the International Economic Development Council (IEDC), receiving the accolade of a Top Economic Development Organization in the United States thrice within four years, as of September 2023.
Competitor Landscape
Notable Competitors
1. Miami-Dade Beacon Council
- Focus: Business recruitment, expansion, and retention in Miami-Dade County.
- Strategic Initiative: "One Community One Goal" to diversify the economy and foster high-paying job creation.
2. Sandoval Economic Alliance (SEA)
- Location: Sandoval County, New Mexico.
- Focus: Strengthening and diversifying the local economic base, especially in office, manufacturing, and commercial sectors.
3. Missouri Partnership
- Aim: Attracting new jobs and investments, working in coordination with local partners and government entities.
4. Commerce Lexington Inc.
- Focus: Economic growth and job creation in Lexington, Kentucky through supporting startups and business expansions.
5. Research Triangle Regional Partnership
- Region: Triangle Region, North Carolina.
- Noted for: Innovation and collaboration within technology-based industries.
6. St. Louis Regional Chamber
- Mission: Regional economic support, with an emphasis on industry collaboration for business growth.
7. Prescott Power Partners
- Focus on energy and economic resilience initiatives.
Comparative Insights
GPEC's recognition and commitment to innovation make it a strong competitor. For instance, while organizations like the Research Triangle Regional Partnership also focus on technology, GPEC will benefit from emphasizing Phoenix's geographic advantages, cost-effectiveness, and growing talent pool.
Strategic Implications
To maintain its leadership and attract a diverse range of industries, GPEC can leverage its strengths in technology and cost-effectiveness. Understanding competitor strategies and regional advantages will help in refining approaches to meet Phoenix’s evolving economic needs.
Contact Information
Businesses interested in exploring opportunities in Greater Phoenix can reach GPEC at their main office, 2 North Central Ave. Suite 2500, Phoenix, Arizona 85004, or by phone at 602.256.7700.
