INSURANCE AND FINANCIAL SERVICES

 

FIND SUCCESS IN GILBERT

Companies worldwide are finding success in Gilbert and Arizona thanks to competitive operating costs, low taxes, a diverse workforce, and Arizona’s FinTech Sandbox.

By creating a pro-business environment for companies looking to expand or relocate, Gilbert has become a hub throughout the valley for the financial and insurance industries. Additionally, Gilbert has been recognized by industry experts for the commitments we make was recognized for its continuous supports of businesses, reducing regulatory burdens, and striving to work collaboratively with the business community.

COMPETITIVE ADVANTAGES

ADVANTAGEOUS BUSINESS CLIMATE

Companies within the finance and insurance industries benefit from Arizona’s pro-business climate that includes lower operating costs, no corporate franchise tax or business inventory tax, and a highly educated workforce. 

QUALITY JOBS TAX CREDIT

Arizona offers the Quality Jobs Tax Credit which provides $9,000 of tax credits over three years for qualifying companies. The primary goal of this tax credit is to encourage business investment and the creation of high-quality employment opportunities across Arizona. 

EDUCATED WORKFORCE

Arizona’s higher education institutions provide exceptional training in the finance and insurance industries. Higher educational providers, such as Arizona State University, the University of Arizona, and Northern Arizona University, provide a wide range of programs and collaborative partnerships that benefit the finance and insurance industry. 

FINTECH SANDBOX

Arizona became the first state in the U.S. to enact a groundbreaking regulatory FinTech “sandbox.” This FinTech “sandbox” allows startups, entrepreneurs, and established companies to develop, test, and deploy innovative products without licensure or authorization for up to 2 years.

Finance & Insurance Industries Facts

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Contact our team. We’re here to help you.

SILENT-AIRE

A manufacturer of custom HVAC systems in the healthcare, industrial, and data center markets, Silent-Aire, relocated its U.S. Headquarters to Gilbert, Arizona in 2017.

CURRY SUPPLY COMPANY

Curry Supply Company, a manufacturer and dealer of commercial service vehicles, chose Gilbert due to its proximity to clients and the availability of a skilled workforce.

Northrop Grumman

Northrop Grumman’s Gilbert Campus produces satellites for a variety of domestic and international customers. Northrop Grumman’s satellite business began in Gilbert in the early 1990’s and has grown significantly with a state-of-the-art facility that provides design, manufacturing, assembly, integration and testing in support of high profile satellite missions. 

Recent Expansions in Gilbert

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Arizona Fintech Sandbox

In March of 2018, Arizona Governor Ducey signed House Bill 2434 which created the first regulatory fintech “sandbox” in the United State. Arizona’s sandbox joined other countries such as the United Kingdom, Singapore, United Arab Emirates, and Australia. 

 

 

Notable COMPANIES in Gilbert

Mapfre Insurance
Morgan Stanley
Amerifirst Financial
FBL Financial Group Inc
UnitedHealth Group
Bank of America

Merrill Lynch
TruWest Credit Union
ExpressOne Mortgage Corp.
Unison BankArizona Group Inc.
MidFirst Bank

Northeast Mortgage Corp.
Vantage West Credit Union
JPMorgan Chase Bank
Wells Fargo
On Q Financial Inc
Farmers Insurance

EDUCATIONAL ASSETS FOR FINANCE & INSURANCE

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ARIZONA STATE UNIVERSITY:
Ranked as the #1 Most Innovative School for 5 years in a row by the U.S. News & World Report, Arizona State University offers students various financial and insurance-related courses. ASU is also ranked as Top 1% of the world’s most prestigious universities from the Times of Higher Education.

UNIVERSITY OF ARIZONA:
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How We Help Companies

Site Selection Assistance

Gilbert offers clients a pro-business environment and an array of available properties and land, including shovel-ready sites, build-to-suite, and more. Clients will receive confidential site selection assistance to ensure a smooth entrance into Gilbert and a connection to key resources.

In-Depth Market Data and Analysis

When choosing a location for your expansion or relocation, having access to necessary data is key. The Gilbert Office of Economic Development can provide necessary data on labor force, educational levels, salary information, and more.

Assistance in Growing Your Business

Gilbert is focused on fostering entrepreneurship and innovation within the community. From no-cost education and business resources to working with regional partners to build an Angel Investor Network, we’re dedicated to helping your business find success in Gilbert.

Connectivity to Key Resources

The Gilbert Office of Economic Development can assist your company in making key connections, such as workforce and training programs, local educational partners, Gilbert business leaders, and other industry-specific business resources.

“Today’s groundbreaking event marks an expansion that is expected to create full-time, high-wage jobs locally with potential for additional job growth,” said Frank DeMauro, vice president and general manager, tactical space systems, Northrop Grumman. “This expansion also continues the long history of developing innovative aerospace products in the Gilbert area that help customers achieve mission success while creating new aerospace jobs in the region.”

Frank DeMauro,

Vice President and General Manager, Tactical Space Systems, Northrop Grumman

“We are excited to become part of the Gilbert, Arizona, community, where we are confident the local workforce will take an active role in our continued growth by embodying those very principles. This move will support our strong growth nationally by allowing us to better serve our expanding base of west coast customers.”

Jason M. Ritchey

President and Owner, Curry Supply Company

”Our partnership with the Town of Gilbert Office of Economic Development has been a driving force behind our expansion,” said Dan Leckelt Co-CEO. “Gilbert is a growing community with skilled and technical workers, a large supply chain, and a progressive environment that made this facility a reality.”

Dan Leckelt

Co-CEO, Silent-Aire

Finance & Insurance Announcements in Gilbert

Gilbert’s Opportunity Zone: The Place for Your Investment

Gilbert celebrates its 100th birthday this year and has grown from a small farming community to the 5th largest city in Arizona.
With a population over 265,000, Gilbert is larger than Salt Lake City, UT, Boise, ID, Tacoma, WA, and Richmond, VA. Located near the original Town site, Gilbert’s Opportunity Zone is one square mile and encompasses the community’s Northwest Growth Area and the downtown Heritage District.

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Gilbert: Town Full of Talent

Written by Savannah King Don't make the mistake of calling Gilbert a "city." This community is a town. "We like what a town denotes, which is that there's a connected way here," said Gilbert Mayor Jenn Daniels. Daniels moved to Arizona in 2002 and to Gilbert in 2005....

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Lauren Conangla

Lauren Conangla

Economic Development Project Manager

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