9 reasons to move your business to Tucson
Cheap rent, low tax rates, affordable housing, a growing economy, no snow shoveling, easy commutes and cheap gas. Despite the national impact of COVID, Tucson has not felt the effects to the degree that California, New York, Washington, and other states have. We are actually seeing an influx of out of state people and businesses moving to Tucson, mostly from California and New York and there are reasons why those businesses have moved…..
Industrialtucson.com
Cheap rent, low tax rates, affordable housing, a growing economy, no snow shoveling, easy commutes and cheap gas. Despite the national impact of COVID, Tucson has not felt the effects to the degree that California, New York, Washington, and other states have. We are actually seeing an influx of out of state people and businesses moving to Tucson, mostly from California and New York and there are reasons why those businesses have moved…..
- Cheap commercial real estate rents and purchase prices. On average, Tucson rental rates and sale comps for office, industrial and retail are around 50% less than Los Angeles.
- Tax rates. Arizona income tax, on average is 1/3 of the California income tax rate. Pima County real estate taxes are around 1%.
- Cheap fuel. California’s gas tax is 47 cents per gallon and New York’s is 46 cents per gallon. Arizona’s gas tax is 19 cents per gallon. Affordable fuel saves companies and their employees’ money. More money to invest back into the business.
- Affordable housing. Per the Tucson Association of Realtors, the average home sales price in April 2020 was $255,000. We also have lots of brand new housing developments that are affordable.
- Tucson has a growing economy. Downtown and the University of Arizona are quickly growing, creating more consumer demand in throughout Tucson. New housing developments are popping up throughout Tucson and neighboring communities which creating lots of demand for contractors and industrial supply businesses. The mining, aerospace, defense, and optics industries are growing quickly in Tucson. Raytheon continues to grow, Catepillar just moved its mining headquarters to Tucson, large logistics companies have recently moved to Tucson and Hexagon Mining just leased a large office building in Downtown Tucson.
- Workforce Development. Tucson has invested significantly in workforce development recently. Our local community college, Pima Community College is the midst of building a brand new Center of Automotive Technology and Innovation. Pima College also has a strong advanced manufacturing program. JTED is in the midst of building a brand new trades school with programs specializing in; Automation/Robotics-Logistics, Optics, AI, Air Transportation, Engineering- Aerospace and Mining Technology, Licensed Nursing Assistant, and Cybersecurity. The University of Arizona also continues to innovate, grow, and spur economic growth.
- Commuting time. Tucson has I-10 from the Northwest side all the way through to the Southeast side. Our traffic is minuscule compared to most cities and the airport is an easy, quick drive.
- Logistics Bullseye. Tucson is the intersection of I-10 and I-19. I-8 is only 40 minutes North of Tucson. Recent significant logistics transactions include, Homegoods, Amazon, LiftMaster, LKQ, and Custom Back Office Solutions (3PL). Tucson makes logistics more cost effective with less expensive labor compared to California, cheap rent, and access to rail, I-10, the Airport, Mexico and California. Ecommerce companies has realized their cost of shipping is less in Tucson because of our highways, inexpensive labor, and inexpensive warehousing rates.
- Tucson wants your business! We don’t want to run you out of your business with high taxes and overreaching regulations!
Industrialtucson.com