East Valley profile – Business Community
You will be in good company
Whether you are a knowledge-driven company, a technology entrepreneur or a basic manufacturer, you will find yourself in good company. The East Valley has a strong corporate base that employs more than 750,000 people, which ranks it as the largest suburban employment center in Arizona.
Largest East Valley Employers
Bashas' |
10,460 |
Grocery retailer, supermarkets |
U.S. Airways Group |
10,380 |
Scheduled passenger air service, cargo |
Intel Corp |
10,000 |
Semiconductor manufacturer |
Banner Healthy Systems |
5,4000 |
Health care |
The Boeing Company |
4,600 |
Aerospace manufacturing and advanced design |
Safeway Inc. |
4,137 |
Grocery retailer, supermarkets |
Freescale Semiconductor |
2,500 |
Design, manufacture of embedded semiconductors |
Gorilla Companies LLC |
2,370 |
Event management, consulting |
Empire Southwest LLC |
1,800 |
Heavy equipment, engines |
Verizon Wireless |
1,700 |
Wireless voice and data |
Microchip Technologies Inc. |
1,538 |
Microcontroller and analog semiconductors |
Sonora Quest Laboratories |
1,526 |
Clinical laboratory |
Orbital Sciences Corp. |
1,457 |
Small rocket development/design |
Chandler Regional Medical |
1,371 |
Health care |
Source: The Business Journal Book of Lists 2008
Note: Based on the number of full-time equivalent employees, list originally published on 6/20/08
The Costs of Doing Business In the East Valley
Labor |
|
Mean Wage |
$37,560 |
Unemployment Insurance (cost per employee) |
$103.66 |
Unionization Rate |
9.7% |
Right-to-Work State |
Yes |
Real Estate |
|
Commercial Lease Rates |
|
Office |
$25.44/SF |
Industrial |
$0.78/SF |
Median Home Price |
$205,100 |
Utilities |
|
Electric Rates (per kwh) |
|
Commercial* |
$0.0920 |
Industrial** |
$0.0650 |
Natural Gas (per 1000 cubic feet) |
|
Commercial |
$12.84 |
Industrial |
$10.45 |
Taxes |
|
Corporate Income Tax |
6.968% |
Individual Income Tax (highest bracket) |
4.54% |
State and Local Tax Burden (% of income) |
11% |
Source: Us Bureau of Labor Stats; American Institute for Full Employment 2007 Mid year report; National Association of Realtors second qtr 2008; CB Richard Ellis MarketView 2008;Energy Information Administration, Electric Power Monthly with data for May 2008; Energy Information Administration, Natural Gas Prices, 2007
*500 kw, 180,000 kwh, 50% load factor
**1,000 kw, 650,000 kwh, 90% load factor
