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As Tucson's population has grown, increased employment, entrepreneurship opportunities, and moderate salary rises have become business as usual in the region. Almost all of the major economic sectors grew between 2006 and 2007, especially professional and business services, education and health services, leisure and hospitality, and trade, transportation, and utilities.
Private services employment comprises much of the total nonfarm employment in Pima County. Private service employment is particularly strong in (1) trade, transportation, and public utilities, (2) professional and business services, (3) educational and health services, and (4) leisure and hospitality.
The goods-producing sector consists of (1) natural resources and mining, (2) construction, and (3) manufacturing. This is an extremely important sector as the impact to the local economy is enormous. These industries are high paying, develop a highly skilled workforce, attract export revenues from other parts of the world, and have a high economic multiplier.
The manufacturing sector is dominated by Raytheon Missile Systems. Raytheon has 12,140 high-wage employees in Tucson and manufactures advanced weapon systems in its facilities. Raytheon continues to benefit from federal defense spending and the ongoing war on terror. Other important local manufacturing companies include IBM, Texas Instruments, Honeywell, Bombardier, Ventana Medical Systems, Air System Components, La Costeña, Beacon Groups WS Inc., and Kalil Bottling.
Contact TREO
For more information about doing business in the Tucson region, contact our Business Development team at 520-243-1900 or 866-600-0331, or by clicking here. |