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. GPEC is a 501c3 nonprofit. It is a public-private partnership with about half of its funding comes from Maricopa County and local cities, while the other half comes from private-sector investors. In December 1988, Barron's financial newspaper featured a story called “Phoenix Descending: Is Boomtown USA Going Bust?” 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. More information...
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