The article, Arizona’s economic development efforts moving the needle, published by the Phoenix Business Journal, tells how the state is putting a boost on its economic approach in three different instances.
For starters, Arizona jumped from having 85% that of the national average in 2013, to 94% that of the national average this past year. Brookings Metropolitan Policy Program revealed that Arizona had double-digit two-year growth in advanced industry jobs. Previously, jobs such as construction, general services, hospitality and retail dominated Arizona’s workforce. The jobs that fall into the advanced industry category that now dominate the state pay $30,000 to $40,000 more.
Over 158,000 jobs now fall into the advanced industry category, a gain of almost 25% over 2013. According the policy director of the Brookings program, Mark Muro, the Phoenix metro is making measurable strides in changing its economy from consumption sectors into advanced industries.
To read the full article, click here.
Have a great day!
Chris and Dawn