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The Greater Phoenix Economic Council (GPEC) is the investment promotion agency for the Greater Phoenix, Arizona area of the United States. GPEC says its goal is to market the Phoenix region in a way that attracts quality businesses and high-wage jobs. [1] GPEC is a 501c3 nonprofit. [2] It is a public-private partnership [3] with about half of its funding comes from Maricopa County and local cities, [4] while the other half comes from private-sector investors. [5] [6] [7]
In December 1988, Barron's financial newspaper featured a story called “Phoenix Descending: Is Boomtown USA Going Bust?” [8] The article predicted that the Phoenix area would soon suffer from poor economic planning. In response, Phoenix Mayor Terry Goddard called an “Emergency Economic Development Summit” later that month, where the idea of an overarching investment promotion agency was proposed. [9] [10]
Despite some hesitation, by June 1989 the communities of Chandler, Glendale, Mesa, Phoenix, Scottsdale and Tempe had all agreed to participate in a regional economic development plan. [9]
The Greater Phoenix Economic Council was officially born in August 1989, though it was originally known as the Greater Phoenix Partnership. Ioanna Morfessis served as GPEC's first President and CEO, a role she held for eight years. [11] Morfessis was succeeded by Rick L. Weddle, who served from 1997 to 2004. [12] Weddle was succeeded by Barry Broome from 2004-2014. [13] GPEC's current President and CEO is Chris Camacho. [14]
Today, the Greater Phoenix Economic Council represents 22 communities. [4]
The Arizona Coyotes are a professional ice hockey team based in the Phoenix metropolitan area. The Coyotes compete in the National Hockey League (NHL) as a member of the Central Division in the Western Conference and play at Mullett Arena in Tempe. They first played at America West Arena in downtown Phoenix from 1996 to 2003 and then played at Glendale's Gila River Arena from 2003 to 2022.
University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Apollo Global Management and Vistria Group, two US private-equity firms, but is in the process of being acquired by Four Three Education, a non-profit organization affiliated with the University of Idaho.
Michael Bidwill is an American businessman who is the principal owner, chairman, and president of the Arizona Cardinals of the National Football League (NFL). After practicing law for six years as a federal prosecutor, he joined the Arizona Cardinals organization in 1996 as vice president and general counsel.
Neil Gerard Giuliano is an American politician who served as mayor of Tempe, Arizona for four terms, from 1994 to 2004. After serving in elected office he served as president of the Gay & Lesbian Alliance Against Defamation (GLAAD) from 2005 to 2009, and served as President/CEO of the San Francisco AIDS Foundation from December 2010 to December 2015. Giuliano was the first directly-elected openly gay mayor in the United States, and Tempe was the largest city in America with an openly gay mayor for nearly six years, 1996- 2001.
Acumen is a nonprofit impact investment fund based in the U.S. that focused on investing in social enterprises that serve low-income individuals. Acumen was founded in April 2001 by Jacqueline Novogratz. It aims to demonstrate that small amounts of philanthropic capital, combined with business acumen, can result in thriving enterprises that serve vast numbers of the poor. Over the years, Acumen has invested $115 million in 113 companies and has had a successful track record in sourcing and executing investment opportunities in the clean energy, health care and agriculture sectors.
Arizona Business Magazine, based out of Phoenix, Arizona, is a monthly business magazine. Published by AZ Big Media; the magazine covers a wide range of topics focusing on the Arizona business scene and is aimed at high-level corporate executives and business owners.
A low-profit limited liability company (L3C) is a legal form of business entity in the United States. Commonly referred to as a hybrid structure, it has characteristics of both for-profit and non-profit entities. L3Cs were created to comply with the Internal Revenue Service (IRS) program-related investments (PRIs) rules which allow most typically private foundations the ability to maintain tax-exempt status through investments in qualifying businesses and/or charities. With a social mission as the primary objective and a secondary objective of profit generation, the L3C legal form is considered a viable option for businesses seeking a reputation or marketability for being a social enterprise.
Gregory David Wasson is an American businessman. He is the co-founder and president of Wasson Enterprise, a family-based investment office, the executive chairman of Innventure, co-founder of CoolerScreens, and the former president and chief executive officer (CEO) of Walgreens Boots Alliance.
The Office of Social Innovation and Civic Participation was an office new to the Obama Administration, created within the White House, to catalyze new and innovative ways of encouraging government to do business differently. Its first director was the economist Sonal Shah. The final director was David Wilkinson.
The UK India Business Council (UKIBC) is a membership-based, non-profit organization founded in 2007 to foster trade and business relations between the United Kingdom and India. The organization works with businesses in both countries, as well as the UK and Indian governments, to promote and increase bilateral trade. The UK India Business Council supports UK businesses with the insights, networks, policy advocacy, services, and facilities needed to succeed in India.
The Partnership for New York City, formerly called the New York City Partnership, is a nonprofit membership organization consisting of a select group of nearly three hundred CEOs ("Partners") from New York City's top corporate, investment and entrepreneurial firms. The organization was founded by David Rockefeller in 1979, with the aim of working closely with government, labor and the nonprofit sector to enhance the economy and maintain New York City's position as the global center of commerce, culture and innovation. It merged with the New York Chamber of Commerce and Industry in 2002, forming the current organization.
Ioanna Morfessis is an American businesswoman and economic development strategist and practitioner. She founded four economic development organizations and established programs and tools that became models for communities across the U.S.
Phoenix Rising Football Club is an American professional soccer team based in Phoenix, Arizona. Founded in 2014 as Arizona United Soccer Club, the team is a member of the USL Championship. They won the league championship in 2023, having defeated the Charleston Battery 3-2 in penalty kicks after a 1-1 tie in regulation.
John Lewis is an American politician. He served as the mayor of Gilbert, Arizona from 2009 to 2016 when he resigned his post to become president and CEO of East Valley Partnership. Lewis is a member of the Republican Party.
The biennial World Investment Forum (WIF) is organized by the United Nations Conference on Trade and Development (UNCTAD) to promote investment for sustainable development and facilitate policy dialogue among a diverse community of investment stakeholders. The forum brings together policymakers, including Heads of State and Government, Ministers and other government officials responsible for investment; representatives from the private sector, including CEOs; international organisations working in the area of sustainable development and poverty reduction; thought leaders from academia and research institutions; and other members of the international investment community, including treaty negotiators, investment promotion and location experts, heads of sovereign wealth funds, heads of stock exchanges, and NGOs.
Richard Adkerson is the current president, CEO and vice chairman of Freeport-McMoRan Copper & Gold Inc. with an established career in the mining sector. He has been in this role since December 2003. He is also known for his past role as chairman of the International Council on Mining and Metals.
R.F. “Rick” Shangraw Jr. was named president of Cintana Education on May 1, 2020. Previously, he served as chief executive officer of ASU Enterprise Partners from 2016 to 2019. He was chief executive officer of the ASU Foundation for A New American University from 2011 to July 1, 2017, after being appointed to the position by the Arizona State University Foundation board of directors on Oct. 31, 2011 succeeding Johnnie Ray. Previously, Shangraw worked in both the private and public sectors after beginning his career as an assistant professor at Syracuse University.
Brian E. Mueller is an American academic and university administrator. He is the current president of Grand Canyon University and CEO of Grand Canyon Education. Mueller has been the President of the university since July 1, 2008, and a director since March 2009. Mueller is also notably the CEO of the for-profit publicly traded Grand Canyon Education Inc that provides services to GCU.
W. Russell "Russ" Ramsey is an American financier and philanthropist, and the founder, chairman and CEO of asset management firm Ramsey Asset Management. He cofounded the Washington, D.C., investment firm Friedman, Billings, Ramsey Group in 1989, where he served as president, secretary and co-CEO through 2001. He also served as JV partner and a member of the Board of Directors until his retirement in 2007. He is also a founding investor in the non-profit investment organization Venture Philanthropy Partners.
The Partnership for Central America (PCA) is a public–private partnership focused on economic development in the Northern Triangle of Central America to address the economic roots of migration with job creation and social programs. The Partnership is a registered 501(c)3 non-profit organization that was launched in May 2021 with Vice President Kamala Harris in support of the White House Call to Action to the Private Sector to Deepen Investment in the Northern Triangle.
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