(Disclosure: Rose Law Group represents Langley Properties, McRae Group, and Saint Holdings.)
By AZRE | AZ Big Media
There were a lot of factors working against economic development in the past year, but Arizona’s economic development community and the Arizona Association for Economic Development (AAED) found ways to not just survive, but thrive in the face of a global crisis. The state saw new economic growth all over, new projects were being built, new companies were arriving or expanding and new businesses were starting.
In the Valley, company relocations resulted in more than 7,000 new jobs for the local population, according to data compiled by the Greater Phoenix Economic Council (GPEC). Among the largest company relocations to occur in the past year were the expansion of ShellPoint Mortgage’s operations in Tempe, which were to bring 1,350 new positions. Also, information technology company Infosys announced it was expanding its operations and leasing 60,000 square feet of space in the new 777 Tower in the Novus Innovation Corridor in Tempe. That expansion will result in 1,000 new positions for the Tempe location.
