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Phoenix was named as the No. 8 metropolitan area in the U.S. for aerospace and defense investment by manufacturing consulting firm Global Location Strategies.
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The report highlights Phoenix’s established ecosystem and identifies the area as “one of the top places in the country for aerospace and defense investment” thanks to a strong business climate and diverse advanced manufacturing scene that is attractive to commercial and defense manufacturers, electronics producers and tech companies.
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Phoenix benefits from having a long history of aerospace production and engineering, with numerous firms in one place making for a strong supply chain and opportunities for collaboration. In addition, the metro has significant military presence with Luke Air Force Base in the West Valley and a valuable workforce supplier in Arizona State University, the report noted. The report also highlighted the Valley’s good freight infrastructure and dependable utilities.
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Read more of this story from the Business Journal.