November 17, 2024 3:21 pm
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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.

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.