A local business collaboration venture is supporting hundreds of jobs in Scottsdale.
A recent report from the Greater Phoenix Economic Council found that SkySong has supported 733 jobs and generated $113 million for the local economy since 2009. The local venture supports everything from start-ups to established companies.
SkySong is a collaboration among the City of Scottsdale, Arizona State University Foundation, Plaza Companies, and USAA Realty Company. The goal is to provide an innovative place where local businesses can work both independently and together.
"This study by GPEC really demonstrates how successful SkySong has been despite the challenging economic conditions," Sharon Harper, president and CEO of the Plaza Companies, told the Phoenix Business Journal. "We're seeing some significant economic impact taking place because of the companies SkySong has brought together, and we're excited to see how that impact grows as we move into the future."
GPEC predicts that SkySong will create 5,361 direct and indirect jobs and have a regional economic impact of $9.2 billion during the next 30 years. The companies already involved in the venture, as well as those yet to come, will help fuel the facility itself as well as the local economy.
"The companies at SkySong are a diverse, growing mix of organizations that are positioning themselves well in the global economy," Rosen said. "It's no wonder the economic impact of the project has been so strong to date, and it bodes well for the kind of impact GPEC is projecting in the future."
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