Peoria Economic Development
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The Right Workforce for Advanced Manufacturing
Numerous companies have chosen to locate their advanced manufacturing businesses in Peoria. The city has a smart and talented workforce that is easily accessible within a short commute time.
TYR Tactical opened its new 76,000 square foot manufacturing facility in Peoria in September of 2017. The company, which was founded in 2010 by a former U.S. Marine, produces body armor, backpacks, clothing, and safety equipment that helps protect servicemen and women. Their equipment is used by law enforcement and special operations divisions in the U.S. and throughout the world including the FBI, DEA, U.S. Secret Service, U.S. Marshal Service, and many more. The $7.2 million facility was constructed by LGE Design Build and is expected to employ 125 new staff including sewing technicians and assemblers.
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OakCraft was founded in 1982 and relocated to Peoria in 1996. Through multiple expansions, their manufacturing facility has grown to 110,000 square feet and employs more than 300 people. OakCraft is the largest manufacturer of cabinets in the Southwestern United States and produces more than 65,000 cabinets per year. They offer 70+ styles of cabinets for kitchens, bathrooms, and even garages and closets. OakCraft cabinets can be found in homes such as Shea Homes, Toll Brothers, and Pulte Homes, as well as retail and complete custom through their showroom.
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Economic Incentives for Manufacturing in Arizona
Qualified Facility Tax Credit
The State of Arizona wishes to encourage the location and expansion of headquarters facilties or manufacturing facilities, research & development. Businessess who meet the eligibility requirements for a Qualified Facility may receive a refundable income tax credit. Learn more about the Qualified Facility tax credit.
Sales Tax Exemptions for Manufacturing Machinery & Equipment
Machinery and equipment used directly in manufacturing, research and development is exempt from Sales Tax per Arizona laws. Learn more about Arizona Manufacturing Tax Exemptions.
A Smart Choice for Manufacturing Businesses
Are you looking to expand or relocate an advanced manufacturing business? Peoria offers great incentives to give you a competitive edge, and an educated workforce that can deliver the results you need.
Learn about Peoria's smart and talented workforce
Learn more about business relocation and expansion
Contact Peoria Economic Development at (623) 773-7735 to learn more