FINANCE AND INSURANCE

Gilbert has become a hub for growth in the finance and insurance industry. Explore why Greater Phoenix, including Gilbert, is a top market choice for those businesses looking to expand or relocate.

Kapture Prefab in Gilbert

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.

The concentration of finance and insurance companies is 70% higher in Greater Phoenix than in the rest of the country…and Gilbert is a leading location of choice in the region.

By creating a pro-business environment for companies looking to expand or relocate, Gilbert has become a hub for the finance and insurance industry. Gilbert has been recognized by industry experts 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 industry 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 career fields that support the finance and insurance industry. Arizona’s premier public institutions of Arizona State University, the University of Arizona, and Northern Arizona University are joined by leading private institutions like Grand Canyon University, Park University, Ottawa University, and Benedictine University in delivering a wide range of programs and collaborative partnerships that benefit the industry.

Quick Facts

Number of Jobs in Finance and Insurance

Average Earnings Per Job

Finance and Insurance Jobs Within a 30-Minute Commute

Morgan Stanley

Morgan Stanley opened a new Wealth Management office at 111 E Rivulon Boulevard in July 2018. This space expended Morgan Stanley’s Wealth Management footprint and will create over 250 new jobs over the new few years.

Merril Lynch

Merrill Lynch can be found in Gilbert, Arizona, located in Rivulon, a 4-story, master-planned, mixed-use project. Rivulon is also home to other notable employers like Deloitte, Cincinnati Insurance Company, and Isagenix. 

Notable Finance and Insurance 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
Farmers Insurance

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

REGIONAL AND LOCAL ASSETS FOR FINANCE AND INSURANCE

Gilbert, and Arizona, is known as a hotbed in the U.S. for the finance and insurance industries and is the sixth-largest sector in the country. Many notable companies have chosen to move to or expand into the area, where they benefit from a highly talented workforce, unbeatable quality of life, and competitive operating costs.  

Arizona’s FinTech Sandbox:
Arizona became the first state to launch the “FinTech Sandbox” in the U.S. This Regulatory Sandbox Program (RSP) eases regulatory burdens for financial service companies and allows them to test innovative products and technology in the market for up to 24 months. During this time, businesses do not need to obtain a license or other authorizations that might otherwise be required.

Higher Education:
Arizona’s higher education institutions have implemented innovative financial and insurance-focused programs. Local employers benefit from a talented and diverse workforce from Arizona State University, University of Arizona, Northern Arizona University, and more local educational institutions.

University Building in Gilbert, Arizona

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.

“We are excited about our expansion in the Phoenix area given the diverse and talented market. This new office is central to supporting our long-term growth strategy and a testament to the investment we are making in our digital offerings and the expected growth across our Wealth Management business.”

Jaime Sobrepera

Managing Director, Wealth Management, Morgan Stanley

“We’ll have three-million square feet of office space and half a million square feet of retail. This site has the capacity to house upwards of fifteen-thousand jobs here.”

Brian Ellis

President, Nationwide Realty Investors

”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

Gilbert in the News

Gilbert offers free education to those impacted by COVID-19

Gilbert offers free education to those impacted by COVID-19

Tourism, hospitality, restaurants and many more positions in the service industry are all struggling to rebound amid the coronavirus pandemic. Many people in Arizona have lost jobs because of this or the way the job is done is different. The Town of Gilbert is looking to ensure the community can re-skill themselves or get a new career altogether with a free program called #GilbertTogether Resident Career Training Scholarship.

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Gilbert: Corridors of Opportunity with Phoenix Business Journal

Gilbert: Corridors of Opportunity with Phoenix Business Journal

Join the Phoenix Business Journal for the latest in its continuing series of real estate-focused virtual events to be held in 2021 that will highlight key Valley cities and submarkets. The online virtual events bring together real estate sector executives, market experts and city economic development planners to look at present and future plans. This event will focus on the fast-growing East Valley town of Gilbert.

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Lauren Conangla

Lauren Conangla

Economic Development Project Manager

TELL ME MORE ABOUT GILBERT’S FINANCE & INSURANCE INDUSTRY