Just two years into a concerted effort to shift the entire Greater Phoenix economy from consumption jobs to production jobs is showing double-digit results in several advanced industries.
Valley business and government leaders have been pushing to change the economic base in Arizona to advanced industries by bolstering the sectors already in play.
Building a sustainable workforce for business growth and attraction is also part of the effort of the Phoenix Forward program at the Greater Phoenix Chamber of Commerce. Jennifer Mellor, GPCC vice president of economic development runs that program. Phoenix Forward is starting to roll out its industry groups to define the employment needs. The chamber has a subcommittee with a focus on the different advanced industries.
Advanced industries are the holy grail in business expansion and attraction. These are jobs generating economic input by producing goods and services delivered primarily outside the Arizona market, including globally. According to Brookings Metropolitan Policy Program, advanced industry jobs pay an average of $30,000 to $40,000 more than consumption industry jobs. Manufacturing, financial services, technology, electronics, aerospace and tourism are among the production sectors growing in Arizona.
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