WHY MOVE TO TUCSON

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Economic reasons to move your business to Tucson

Low cost of living: Tucson has a lower cost of living than many other major cities in the United States, including Phoenix, Los Angeles, and San Diego. This can save businesses money on rent, utilities, and other expenses. Tucson has lower taxes and unlike Phoenix, Tucson warehousing and manufacturing can use swamp cooling over HVAC air conditioning for immense savings on utility costs.

Low taxes: Arizona has no state income tax, and its property taxes are relatively low. This can make Tucson a more attractive place to do business than states with higher taxes. The Tucson region also offers benefits for moving companies and depending on company size can grant tax incentives for hiring and contributing to economic growth. Organizations like the Tucson Metro Chamber, Arizona Commerce Authority, & Sun Corridor are very helpful assisting companies with moving to Tucson.

Favorable business climate: Arizona has a business-friendly climate, with relatively few regulations and low corporate income taxes. The state also offers a number of tax breaks and incentives to businesses and economy boosters.

Growing economy: Tucson's economy is growing, with new businesses opening all the time. This provides opportunities for businesses to expand and succeed. Tucson has had uncharted population growth after Covid, offering employers better access to a qualified labor force.

Workforce, Affordability, & Connections in Tucson:

Educated workforce: Tucson is home to the University of Arizona, one of the top public universities in the country. This provides businesses with a large pool of educated and skilled workers to draw from. Tucson also promoted any businesses looking to provide hiring tracks or programs to hire directly from the university.

Diverse workforce: Tucson has a diverse workforce, with people from all over the world. This can give businesses a competitive advantage by providing them with access to a wider range of talent.

Affordable wages: Wages in Tucson are generally lower than in other major cities in the United States. This can help businesses save money on labor costs.

Access to California:

Close proximity:

Tucson is located just a few hours' drive from Los Angeles and San Diego. This gives businesses easy access to the large California market.

Transportation infrastructure:

Tucson has a well-developed transportation infrastructure, including an international airport and the I-10 the nations ecommerce highway. This makes it easy to transport goods and labor to and from California.

In addition to the above reasons, Tucson also offers businesses a number of other advantages, such as a favorable climate, a variety of cultural attractions, and a strong sense of community.

Overall, Tucson is a great place to move your business. It offers a low cost of living, low taxes, a favorable business climate, a growing economy, an educated and diverse workforce, affordable wages, and close proximity to California.

In addition to the above reasons, Tucson is also a desirable place to live and work, with a warm climate, beautiful scenery, and a vibrant culture. This can make it easier to attract and retain employees.

Here are some specific examples of how Tucson's economy, labor, and access to California benefits businesses:

Raytheon Technologies: Raytheon Technologies has its worldwide headquarters in Tucson, and the company employs over 10,000 people in the city. The company is attracted to Tucson's affordable cost of living, skilled workforce, and proximity to California markets.

Amazon: Amazon has a large logistics center in Tucson, and the company is planning to expand its operations in the city. Amazon is attracted to Tucson's central location in the Southwest, its transportation links to California, and its affordable labor costs.

Startups: Tucson is home to a growing number of startups, which are attracted to the city's favorable business tax climate, its access to capital, and its supportive entrepreneurial community.

UA Tech Park offers high tech companies a number of advantages, including:

Access to talent: The UA Tech Park is located next to the University of Arizona, which has over 40,000 students and faculty. This gives companies access to a large pool of talented potential employees.

Research collaboration: The UA Tech Park is also home to a number of research centers and institutes. This gives companies the opportunity to collaborate with university researchers on new technologies and products.

Business support services: The UA Tech Park offers a variety of business support services to its tenants, including mentoring, networking opportunities, and access to capital.

Affordable space: The UA Tech Park offers office and lab space at competitive rates. Currently they have 200,000 SQFT available for lease.

Here are some specific examples of how the UA Tech Park has benefited high tech companies:

Thompson-Wimmer: Thompson-Wimmer is a leading provider of technical services and consulting for the unmanned aerial systems (UAS) industry. The company is headquartered in the UA Tech Park, and it has benefited from its close proximity to the university's UAS research program.

Cleveland Electric Laboratories: Cleveland Electric Laboratories is a developer of fiber optic-based sensing solutions. The company is using the UA Tech Park's Solar Zone as a large-scale testing and demonstration site for its new FiberStrike Direct Burial Perimeter Security System.

Raytheon Technologies: Raytheon Technologies has a large presence in the UA Tech Park, where it develops and produces a variety of advanced technologies, including missile defense systems and radar systems. The company has benefited from the UA Tech Park's access to talent, research capabilities, and business support services.

Overall, the UA Tech Park is a great place for high tech companies to locate their businesses. The park offers a number of advantages that can help companies succeed, including access to talent, research collaboration, business support services, and affordable space.

Yes, Tucson, Arizona provides access to Mexico for logistics, manufacturing, produce industry, and access of goods from Mexico to the USA affordably.

Logistics: Tucson is located just 110 miles from the border of Mexico, making it a prime location for logistics companies that need to transport goods between the two countries. The city is well-connected to Mexico by major highways, railroads, and air service. This makes it easy for businesses to move goods quickly and efficiently between the two countries.

Manufacturing: Tucson is also a popular destination for manufacturers that want to take advantage of the lower labor costs in Mexico. The city is home to a number of manufacturing facilities that produce a variety of products, including electronics, automotive parts, and medical devices.

Produce industry: Tucson is a major hub for the produce industry. The city is located in a fertile agricultural region that produces a wide variety of fruits and vegetables. The city is also home to a number of food processing companies that package and distribute produce to markets throughout the United States.

Access of goods from Mexico to the USA affordably: Tucson's proximity to Mexico makes it an affordable place to import goods from the country. The cost of transporting goods from Mexico to Tucson is typically lower than the cost of transporting goods from Mexico to other major cities in the United States. This can save businesses a significant amount of money on transportation costs.

Here are some specific examples of how businesses are using Tucson's access to Mexico to their advantage:

C3: C3 is a leading provider of fresh produce. The company has a major distribution center in Tucson, which it uses to import produce from Mexico and distribute it to markets throughout the United States.

Maquiladoras: Maquiladoras are foreign-owned factories that operate in Mexico. Many maquiladoras are located near the US-Mexico border, and they use Tucson as a staging area for importing their products into the United States.

Logistics companies: A number of logistics companies have operations in Tucson to support the city's trade with Mexico. These companies provide a variety of services, such as transportation, warehousing, and customs brokerage.

Overall, Tucson's access to Mexico makes it a great place for businesses to operate. The city offers a number of advantages, including lower transportation costs, access to a large pool of labor, and proximity to a major agricultural region.

Kameron Norwood

Industrial Commercial Agent

Kameron Norwood Cushman Wakefield | PICOR

KNorwood@Picor.com

520-360-8510

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