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Here are Arizona’s biggest economic development wins of 2019

Posted by   /  December 3, 2019  /  No Comments

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Nike purchased the 2018 RED Award-winning Lincoln Logistics 40 for $70 million in August and announced plans to invest $185 million to turn the facility into a manufacturing plant for the mid-sole cushioning for its athletic shoes. The 901,700-square-foot facility will employ more than 500 full-time employees. / AZBigMedia

AZBigMedia

You see all of the data and it’s clear that the Arizona economy is getting a boost from California, as companies big and small are exiting the Golden State for the better business environment in the Grand Canyon State.

Since 2015, 49 California companies have chosen to set up shop in Arizona, a remarkable number. Well, recently, that number jumped to 50, as  H.E.R.O.S. Inc., an industry leader in repairing and overhauling helicopter engines, announced it was moving its headquarters from Santa Clarita, Calif. to Chandler. The company will occupy nearly 19,000-square-feet of industrial space at 10 Chandler, located at 560 N. 54th St. H.E.R.O.S. Inc. plans to create 25 new jobs in the Chandler community and expects to be fully operational by the winter of 2019.

“We were drawn by the business-friendly environment and the lower taxes in all areas of our business and our employees’ lives,” said Raffi Kajberouni, vice president at H.E.R.O.S., Inc. “There’s just a lower cost of living for our employees, and they can afford places to live near where they work and this move allows us to expand our capabilities.”

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  • Published: 2 months ago on December 3, 2019
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  • Last Modified: December 3, 2019 @ 2:16 pm
  • Filed Under: Economy, Real Estate
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