Easy Like Sunday Morning
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Originally Posted by KevininPhx
I completely agree. Education Week ranks the best states for education and Arizona is still not great, but not at the bottom.
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Good point.
The relevance is simply how this might impact (or not) business recruitment - economic development. Presumably that's why the Phoenix
Business Journal featured the story, not to mention it quickly became their most popular story. It's fair to say this wouldn't be at the top of their "bragging points" recruiting list. But yeah, there's ways to overcome or counter this. May be working...
PBJ's Mike Sunnucks carried this story:
"Exclusive: Credit repair company leases entire Phoenix building, hiring 450 new workers"
While not impacting downtown directly it's nice to see the (positive) business activity and city vacancy being absorbed, new jobs for the area.
The more interesting story:
"New York software company expanding into Scottsdale, hiring 75 by 2016"
Jun 3, 2015 by
Hayley Ringle, Phoenix Business Journal
In addition to the obligatory compliments I took note of a couple of things.
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CEO and co-founder Josh McCarter said he chose Scottsdale for the company's expansion after looking at Portland, Austin and Denver.
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and especially this:
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The office and living affordability of the Valley were also big coups, he added.
“We have a relatively young employee base so the cost of living was really a big material deal for us,” McCarter told me by phone Wednesday. “That’s something we really found fit well with Phoenix.”
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This speaks to the competitive advantage of "affordability" which would include leasing costs specifically and overall business costs. Plus, Josh McCarter also specifically mentions the easier affordability with respect to his employees. This is not insignificant; the rents for apartments in Austin, Portland and Denver have gotten very high.
I had pointed out on a different thread that CEO's make decisions that will impact an area five years from now (and beyond). Millennials can pack up and move on a dime.
And yes, with all that's brewing up downtown the city should soon grow its share of such decisions.