PHX East Valley

The “Why” Behind “PHX East Valley”

Article by John Lewis, CEO of the East Valley Partnership


More than 35 years ago, business leaders on the east side of the Valley decided to give our growing region a name. The name chosen was the “East Valley.” It took some time for the name to stick, but it did.

Now, citizens in Greater Phoenix without hesitation refer to the area populated by citizens in Tempe, Mesa, Apache Junction, Queen Creek, Gilbert and Chandler, as the East Valley.

From the time it was named, the region grew by another 1 million residents, built major freeways, and added hundreds of thousands of jobs. At the same time, the East Valley was building a hub for both large and startup businesses. Today, the region is lauded for its talented and highly educated workforce (36 percent of our residents have at least a bachelor’s degree, compared to 29 percent nationwide), some of the strongest demographics for quality of life in the country, a premier K-12 education system, and innovative higher education opportunities. We also are one of the
fastest-growing regions in the country.

So why brand the region?

As we continued marketing outside of Arizona, it became abundantly clear that the East Valley had something different and special to offer to corporate and individual leaders, but that our region did enjoy name recognition in the same way areas such as “Silicon Valley” or “Research Triangle” did. As we spoke to leaders in other parts of the nation, we would say that we are in the “East Valley,” just east of Phoenix. Five years ago, upon being named president of the U.S. Conference of Mayors, Mesa Mayor Scott Smith would repeatedly be asked, “Where’s Mesa?” His response was “Mesa is in the East Valley.” With blank stares he would continue, “Just east of Phoenix.”

With former Mayor Smith’s encouragement, four years ago, East Valley leaders fielded a national study to put our region on a bigger national stage and identify a name that would be most appropriate in branding the region.

It was no surprise that the brand name selected was “PHX East Valley.”

I was serving as mayor of Gilbert when our new brand name was proposed. I gave some push-back, asking “Are you sure that there isn’t another name to consider?” As a board member of Mesa Gateway Airport at the time, I was reminded of the significant positive impact of the City of Phoenix and Sky Harbor Airport’s partnership at Gateway Airport. In 2007, the name of the airport changed from Mesa Gateway Airport to Phoenix-Mesa Gateway Airport. Instantly, business at the airport accelerated. Airlines could now identify to their customers that they had Phoenix offerings. Customers traveling to Phoenix had new options.

The success of the Gateway Airport made me realize that while I hoped that “Gilbert” would have great name recognition outside of Arizona, the reality was that our other great brand name in Arizona – “Phoenix” – would be needed to successfully brand and market my community and the other communities in the East Valley.

A recent story carried the headline, “’East Valley’ gets new name – but it’s pretty much the same as old one.” That may be true to some. What has changed is that the six communities that are part of the burgeoning PHX East Valley are now home to more than 1.3 million residents, with another 1 million expected by 2030, a diversity of companies – from global giants such as Intel and Boeing to entrepreneurial startups and home-grown businesses, and an airport that has grown into an economic powerhouse. PHX East Valley also has become the place for jobs – with 400,000 new positions expected to be added during the next 30 years.

If you haven’t been here in awhile, you undoubtedly will be amazed at the impressive East Valley area, just east of Phoenix!

PHX EV NEXT Mentoring Forum | March 22nd

In support of regional leaders “in training”, you are invited to attend the PHX East Valley NEXT Mentoring Forum.

DATE/TIME: Thursday, March 22, 3-6pm
LOCATION: Mesa Community College Room LB 300

FEATURED MENTORS:

  • Mark Bonsall | GM & CEO, Salt River Project (SRP)
  • Michael Cowan | Mesa Public Schools Superintendent
  • Rhonda Curtis | Vice President of Business Banking, WellsFargo
  • John Lewis | President & CEO, East Valley Partnership (EVP)

Attendees will also be provided regional information and overviews on: Superstition Vistas, Economic Development and Education.

There is no cost to attend, but registration is requested to ensure we have an accurate headcount for food/drink & seating purposes.

The Forum is designed for senior managers of East Valley Partnership (EVP) members, alumni of local community leadership programs, entrepreneurs, and future education, community and government leaders.

Click Here To Register

Become an Angel, Invest in Local Startups | Jan 10th

Become an Angel, Invest in Local Startups

Identify, Educate, and Activate

 

PHX East Valley (December 19, 2017) — The PHX East Valley region is becoming a hot bed for innovative startups. However with many great startups on the rise additional capital funding needed for continued growth can at times be scarce.

That is why the PHX East Valley communities and regional leaders have formed a regional partnership to catalyze economic growth by raising awareness of the importance of angel investing and enhancing access to early-stage funding for our regional startups.

The PHX East Valley Angel Investor Initiative aims to teach potential Angel Investors about the techniques, benefits and community impact of Angel Investing through educational workshops. Our leaders aspire to identify, educate and activate local angel investors in order to provide startups with access to early-stage capital to get their business to the next level.

So, what exactly is an Angel Investor and do you qualify?

An “Angel” is an individual with a net worth of $1 million or an annual personal income of $200,000, who invests his or her own money in a startup company in exchange for an equity share in the business. Many “Angels” not only invest money into the business, but time as additional capital to help grow the entrepreneur’s startup.

Join us on Wednesday, January 10th, from 5:00pm to 6:00pm as we will be hosting our fourth Angel Investor workshop at the ASU Chandler Innovation Center which will focus on setting the terms of a deal in order to structure investments that reduce risk while helping a startup company become successful.

“Investing in a startup is not like investing in a NYSE or NASDAQ listed company: once in, you’re in for an extended period.  Since Angels can’t get out of an investment quickly, this workshop discuss how angels structure their investments to reduce the risk and help a company become successful.” — Jim Goulka of Arizona Tech Investors (ATI).

This workshop is free and open to the general public whom have an interest in learning more about what it takes to become an angle investor. To register to attend and/or learn more, visit www.investphxev.org.

 

 

 

 

Economist Sees Good Things ahead at EVP Thought Leader Forum

Original Article Via East Valley Tribune


Screen Shot 2017-12-13 at 9.56.42 AMThe economic forecast at East Valley Partnership’s annual SRP Thought Leader Forum projected a sense of measured optimism about the health of the economy at both a national and local level.

Gary Schlossberg, Wells Capital Management vice president and senior economist, presented the forecast and expressed confidence in the economic recovery. He noted that business investment is picking up speed.

“The sense of the economic recovery is that it is more entrenched than ever,” Schlossberg said.

Several positive indicators exist at a national level, including balance between manufacturing and non-manufacturing sectors and the working down of corporate debt.

The normalization of home values is another good sign, Schlossberg said.

He added that interest rates and inflation will grow gradually over time but should not have a negative effect on investment.

The Phoenix Metro area is poised to take advantage of this momentum nationally due its balanced economy – which includes the tourism, business services, financial services and tech sectors – and its competitive cost of living, which is considerably lower than other cities in the Southwest and West Coast.

The cost of living in San Francisco is 82 percent higher than in the East Valley. The cost of living in Los Angeles (46 percent), Seattle (47 percent), Denver (13 percent) and Salt Lake City (9 percent) is higher than the East Valley, according to East Valley Partnership’s 2018 economic profile.

Similarly, the East Valley also offers more affordable home prices than those cities. The average home price in the area is $187,600 compared to the national average of $265,600.

The East Valley also has the population to support business growth as projections have it adding 1 million new residents and 400,000 new jobs in the next 30 years, according to East Valley Partnership’s profile.

Despite the economy’s strengths, Schlossberg’s forecast did include some caveats.

He noted that wealth and income inequality is severe in the wake of the recession and both businesses and consumers are still acting with caution.

Schlossberg also said the economy will be sensitive to the rising interest rates that will likely continue in coming years, which could affect businesses and housing affordability.

Those rising interest rates will also likely prompt a realignment of investment portfolios from riskier to safer assets, a change that could cause some destabilization of the market.

“We can expect to see more volatility in the economic environment than we’ve seen (in recent years),” Schlossberg said.

However, he also said that the U.S. economy will eventually transition to a more normalized environment similar to that in the 1990s.

The polarized political climate in the U.S. is one factor that could negatively affect economic growth, Schlossberg said.

The lack of cooperation between political parties in the country “creates greater swings in economic policy.” That volatility makes it difficult for businesses to create strategic investment and growth plans for the future.

Additionally, the aging population – which will lead to an increase in entitlement payments – and aging infrastructure in the U.S. are causes for concern.

Why The PHX East Valley is Primed for Self-driving Vehicles

Co-Authored by City of Chandler Mayor, Jay Tibshraeny and EVP President & CEO, John Lewis

The PHX East Valley always has been a place for automotive innovation.

Hot weather and wide open spaces drove General Motors to the area in 1953 when the automobile giant opened its Desert Proving Ground in Mesa. For 56 years, new prototypes and automotive systems were tested on a track hidden behind barbed wire and tall earthen berms.

More recently, an equally welcoming climate driven by economic development and a talent-rich workforce sparked GM’s interest again as it established its Information Technology Innovation Center – one of just four in the nation – in Chandler.

Now, GM, with chip giant Intel Corp., Waymo (formerly the Google Self-Driving Car Project) and other forward-thinking businesses are establishing a hub for self-driving vehicles — each laser-focused on research and testing to positively impact drivers worldwide.

That is important, because according to the National Highway Transportation Safety Administration, 962 people were killed in motor vehicle crashes last year in Arizona alone, a 7.2 percent increase since 2015. The vast majority of accidents are attributed to human error.

High-tech solutions to this safety problem are moving forward on local streets with a fleet of 600 minivans operating on self-driving technology. A deal between Waymo and ride-hailing company Lyft enables consumers to ride in vehicles with autonomous car sensors. Waymo also has a facility in Chandler where vehicles are maintained and data is analyzed.

Microchip Technology, NXP, Maxim Integrated, Garmin and Rogers Corp., along with dozens of other firms in the auto-tech supply chain, are joining the region in an environment so charged during the past 18 months that the self-driving vehicles cluster already is at critical mass.

This momentum is due, in part, to the welcoming tone of local leaders — from Gov. Doug Ducey to local city councils and transportation committee members who wholeheartedly embrace the concept of self-driving cars. In fact, Arizona is one of five states with governors who have issued orders supporting development of autonomous vehicles.

The region also offers auto tech companies a friendly regulatory and tax environment by being located in a U.S. Foreign Trade Zone, enabling them to enhance their cost-competitiveness through tax incentives.

And the PHX East Valley national branding initiative of East Valley Partnership, is promoting the region as ia magnet for self-driving vehicles because of its top-notch talent.

In Chandler, an estimated 25,000 people work in advanced manufacturing or software development, and other East Valley cities boast a growing technology workforce, too. As important is access to additional training through Arizona State University and the East Valley Institute of Technology, among other schools.

Knowing all this, it is no wonder why the East Valley is driving the next generation of transportation in Arizona, across the nation and throughout the world. Unlike other areas that are testing self-driving vehicles, in our region, there are very few potholes.

Original Article via Phoenix Business Journal

PHX EV Healthcare Council – November 28th

PHX EV Healthcare Council

 

 

 

DATE/TIME:    Tuesday, November 28, 2017 | 7:30 – 9:30 AM
LOCATION:      A.T. Still University (Exact location on campus TBA)

We are pleased to host an event that will focus on healthcare related topics that impact the PHX East Valley communities and all of us as individuals.

Attendees will learn about plans for new healthcare facilities in our region and will hear an up to date report on the national healthcare debate. There will also be a panel discussion by local experts on changes that can be expected in healthcare technology and service delivery systems over the next decade.

There is no cost to attend, but online registration is requested in order to prepare for food/drink and seating purposes.

The meeting is open to East Valley Partnership (EVP) members, Chamber of Commerce members, community and government leaders. We encourage you to forward these meetings details on to anyone in your organization that is interested in healthcare issues of regional or national significance.

 

Click Here to Register

 

 

PHX EV NEXT Mentoring Forum | November 15th

PHX EV NEXT Mentoring Forum

 

In support of regional leaders “in training”, you are invited to attend the PHX East Valley NEXT (Nurturing EXceptional Talent) Mentoring Forum.

 

 

DATE/TIME:    Wednesday, November 15, 3-6 pm
LOCATION:      Gilbert University Building, 92 West Vaughn, Gilbert, AZ  (Downtown Gilbert)

FEATURED MENTORS:

  • Lee Benson | CEO, Execute to Win
  • Maria Hesse | Vice Provost for Academic Partnerships, ASU
  • Chairman Denny Barney | Maricopa County Board of Supervisors
  • Mayor Jenn Daniels | Town of Gilbert

Attendees will also be provided regional information and overviews on: Aerospace and Aviation, Transportation, Education, and Regional Growth.

There is no cost to attend, but registration is requested to ensure we have an accurate headcount for food/drink & seating purposes.

The Forum is designed for senior managers of East Valley Partnership (EVP) members, alumni of local community leadership programs, entrepreneurs, and future education, community and government leaders.

 

Click Here To Register

2017 | SRP Thought Leader Forum, December 5th

Join us on Tuesday, December 5th at the Talking Stick Resort for a memorable event celebrating the innovative leaders, accomplishments and assets found in the PHX East Valley region.

Curious about what sets our region apart? According to our Thought Leader Forum keynote speaker, PHX Business Journal’s “COO of the Year” Sethuraman “Panch” Panchanathan of Arizona State University, it takes three things: fantastic ideas, people who are trained to be thought leaders, and a community that is ready for disruption. Institutions play a role, but it takes an entire eco-system within a region to make change happen, from political leadership and a highly educated workforce, to forward-thinking educational organizations and a dynamic business environment.

Innovation doesn’t happen without great leadership, and during this year’s Thought Leader Forum, two awards will be given out to an individual and organization that represent the best and brightest in the PHX East Valley.

Southwest Airlines is celebrating their thirty-fifth anniversary of service to the Phoenix area this year, and their impact on the community has been impactful and wide-reaching. Mark Bonsall has been with SRP since 1977, rising through the ranks to become General Manager and shepherding SRP, the third-largest public power utility in the United States, through a critical time of growth.

Register now and join us for the 2017 SRP Thought Leader Forum on Tuesday, December 5th from 3:30pm to 6:30pm in the Grand Ballroom at the Salt River Talking Stick Resort.  We look forward to hearing from and celebrating these thought leaders and innovators, the debut of the  2018 PHX East Valley Economic Profile and Asset Map, and a dynamic economic forecast from a local economist.

 

Download Formal Event Invitation | Register Online

Let’s Talk Self-Driving Cars

By John Krafcik, CEO of Waymo Inc.

“Is that a self-driving car?” “How does it know what to do?” “Are they safe?” “When can I ride in one myself?”

People who see our self-driving cars on the road often have a lot of questions. This is especially true now in the Greater Phoenix region of Arizona, where the sight of self-driving cars being tested on public roads is commonplace. Since we began our early rider program in April, local residents have been using our self-driving vehicles, with a test driver on board, to commute to work, go grocery shopping, and take their kids to soccer practice. There’s a lot to talk about when it comes to self-driving cars. As with any new technology, there’s great enthusiasm and curiosity about self-driving cars – and there’s some confusion, too.

That’s why we’re joining forces with a diverse group of organizations – Mothers Against Drunk Driving, the National Safety Council, the Foundation for Blind Children, the East Valley Partnership, and the Foundation for Senior Living – to launch the world’s first public education campaign for fully self-driving cars. The “Let’s Talk Self Driving” campaign will focus on engaging the public in diverse and creative ways to increase education and understanding about how this new technology can help address some of the biggest safety challenges on our roads today.

Education begins with awareness, so we’re beginning this campaign with a series of digital and outdoor advertising campaigns in Arizona. Our hope is to grow this conversation into a national dialogue and provide opportunities for people to get up close with this technology.

Together, we all share excitement at the potential for self-driving cars to one day open doors to safer and easier transportation for millions of people. When 94% of road crashes today involve human error, self-driving cars promise a future where anyone can ride with a driver that never gets drunk, tired, or distracted.

Mothers Against Drunk Driving

MADD National President Colleen Sheehey-Church: “Fully-autonomous vehicle technology holds incredible potential to completely eliminate drunk driving and other causes of traffic deaths. This is a critical time in traffic safety as all traffic fatalities, including those caused by drunk drivers, have increased during the past two years after years of steady decline. We must look for new ways to stop old problems.”

 MADD

 

 

 

 

 

National Safety Council:

National Safety Council President and CEO Deborah A.P. Hersman: “We are pleased to be a part of this campaign and ensure safety has a seat at the table. As the nation’s leading safety advocate for more than 100 years, we know all roadway deaths are completely preventable. Automation holds incredible promise but as our driving culture evolves, Americans will need to understand what self-driving vehicles can and cannot do. We look forward to working with Waymo and all of our partners to educate drivers, raise awareness, and eliminate all roadway deaths.”

 NSC

 

 

 

 

 

Foundation for Blind Children

Foundation for Blind Children CEO Marc Ashton: “At the Foundation for Blind Children, we believe vision loss is a diagnosis, not a disability. Our kids overcome every obstacle put in their way and they succeed. The national unemployment rate for visually impaired adults is 70%. The unemployment rate for FBC graduates is 5%. Adding a reliable means of transportation to the independent living skills we’re already teaching will be a game changer for so many of our clients.”

FBC

 

 

 

 

 

Foundation for Senior Living

Foundation for Senior Living CEO Tom Egan: “Enhancing independence for seniors and adults with disabilities is at the core of Foundation for Senior Living’s mission. Often, the people we serve must rely upon family members or friends to provide transportation to doctor appointments and the grocery store. Fully self-driving cars would remove this barrier for so many in our community, giving them the independence and dignity they deserve.”

 FSL

 

 

 

 

 

East Valley Partnership

President and CEO of East Valley Partnership John Lewis: “The East Valley Partnership is proud that our region’s innovative business climate supports the future of autonomous transportation to reduce congestion on the road, ensure driver safety and get people where they need to go. We are pleased to be partnering with Waymo on the ‘Let’s Talk Self Driving’ awareness campaign as we look to educate the region on transportation of the future.”

EVP

 

 

 

 

 

You could join too

We’re calling on others to join us and share their own reasons for how why this technology could change their life or the lives of a loved ones and why it is meaningful to them. You can learn more by visiting LetsTalkSelfDriving.com.

 

In the Media:

PHX East Valley Angel Investor Workshop Presentations

Thank you for attending one or more PHX East Valley Angel Investor Workshop sessions. Below you will find the links to ALL 6 presentations brought to you by Jim Goulka of Arizona Tech Investors.

October

Discussed the overview of Angel Investing, shared success stories of local startups and panel discussion full of Angel Investing advice.

The PHX East Valley is home to some of Arizona’s top startups. Hear the stories of how they started and how local angel investors helped accelerate them to success by investing in their newly formed businesses. And meet founders of some local startups early on their paths to offer new products to solve customer problems.

Download Presentation


November

Discussed how to evaluate a startup business when looking to diversify your investment portfolio.

It wasn’t all that long ago that we lived without Google, Amazon, Facebook, or Uber. Yet all of these changed the world. Each started out as a brainstorm by a few individuals that were first funded by Angels before becoming the most valuable companies on earth. Their Angel Investors and current Angel Investors use the same techniques to evaluate opportunities — learn these techniques.

Download Presentation


December

Discussed methods that help investors determine if a company is worth their investment.

Angel Investors are scarce and entrepreneurs seeking capital are abundant. That means that investors can select which companies are attractive enough to invest in. “Attractive Enough” has two parts:  the company prospects have to be good (as discussed in Session 2) and the economic outcome must be sufficiently high to justify the allocation of funds to a particular opportunity. Learn the techniques for valuing opportunities that have no direct history and where to each opportunity fits into a portfolio of investment opportunities — Learn these techniques.

Download Presentation 


January

Discussed de-risking through deal terms.

Investing in a startup is not like investing in a NYSE or NASDAQ listed company: once in, you’re in for an extended period.  Since Angels can’t get out of an investment quickly, learn how they structure their investments to reduce the risk and help a company become successful.

Download Presentation 


Feb

Discussed “Top 4” trends happening with investing.

Startups are emerging in Arizona in software, semiconductors, medical devices and other fields all the time.  Arizona is not Silicon Valley and Silicon Valley is not the entire U.S.  Some trends apply everywhere; others are localized, and all of them matter. Learn which comparisons are important and which are not. And learn how Angels and VCs are dependent upon each other… to a point.

Download Presentation


March

Discussed how to begin investing as an Angel.

Individuals invest as Angels in several ways: alone or together in groups sharing intelligence. They can be active or passive. They can have a little of each. Learn the differences and how to take action that suits you.

Download Presentation


Our next workshop session series will begin May 1st in Gilbert Arizona. Details are forthcoming.