Why Arizona real estate is a burden and blessing for the tech sector

By Mike Sunnucks | Phoenix Business Journal

Arizona’s real estate offers out-of-state tech companies — especially from Silicon Valley — cheaper costs and ample back-office and sales workers for then they are ramping up business.

That’s brought an Apple Inc. data center and back-office and sales operations for the likes of Yelp and SAP America Inc. to the Phoenix region.

But Arizona’s real estate sector is also one of the biggest challenges facing hometown technology companies.

Arizona is often a blip when it comes to venture capital funding. In the fourth quarter of 2016, for example, Arizona startups received $44 million in venture funding according to the MoneyTree Report by PricewaterhouseCoopers LLP and CB Insights.

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January 26, 2017

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