602?845?1200 kristenh@azcommerce.com
GPEC Contact: Melissa DeLaney602?262?8602
mdelaney@gpec.org
Silicon Valley Bank Contact: Carrie Merritt503?574?3705 cmerritt@svb.com
Silicon Valley Bank Expands to Arizona Offers Strong Venture Capitalist Ties to Arizona's Entrepreneurial Community
PHOENIX (January 3, 2012) - Silicon Valley Bank (SVB),
financial partner to the innovation sector and the premium
wine industry, is expanding its operations to Arizona,
creating hundreds of well-paying, financial sector jobs in
the state over the next few years. SVB will open a new IT and
operations facility in Tempe in 2012 to support its continued
growth. Arizonans will benefit from 220 jobs and millions of
dollars invested into the state's economy.
Silicon Valley Bank offers diversified and innovative
financial services to companies in the innovation sector and
their investors. These companies range from start-ups to
multi-million dollar corporations looking to do business in
the U.S. and internationally.
SVB's mission aligns closely with the types of companies
Arizona hopes to attract. SVB is focused on helping
entrepreneurs and high-growth innovation companies carry
their ideas to the next stage of development, and has been
instrumental in providing financial services to technology
and life science companies for nearly 30 years. This in turn
helps create jobs and strengthens the economy. Seventy
percent of Businessweek's Top Entrepreneurs and 68
percent of the Wall Street Journal's top venture
capital- backed companies are SVB clients.
"We see first-hand how innovative companies and their
investors are improving the status quo: making technological
and medical advancements and creating jobs, which are all
essential to the US economy," said Greg Becker, president and
CEO of Silicon Valley Bank. "We are constantly growing in
support of our innovative clients. The Phoenix area is a
great environment with talented financial candidates to fill
our open positions, affordable living for our employees,
proximity to our headquarters, and a growing number of
technology and life science businesses in the region."
"The mission of Silicon Valley Bank to provide financial
services to the technology, clean-tech, life science and
winery industries is in perfect harmony with Arizona's
vision for the future of economic development," said
Governor Jan Brewer. "This is exactly
the kind of company that Arizona is courting as we build an
economy that is diversified and stable."
"I am thrilled that Silicon Valley Bank is coming to
Arizona," said Congressman David Schweikert (AZ-05).
"Their decision to expand here is reflective of the high
quality of our workforce and the fact that Arizona is a great
place to live and do business. I look forward to their
continued growth here in Arizona."
"I cannot overstate the importance of Silicon Valley
Bank's expansion to Arizona," said Don Cardon,
president and CEO of the Arizona Commerce Authority.
"Although securing a quality employer with hundreds of
new high-paying jobs is needed for our economic recovery, it
is even more important that our state secured the most
recognized lending institution in the country relating to
venture capital. Our economic vitality rests equally on our
ability to entice the emergence of new innovative enterprise.
Today's announcement significantly advances our ability
to do that, and without question will be the envy of every
state in the nation."
"Silicon Valley Bank's expansion will draw new capital
sources to the region that will help fuel innovation and
entrepreneurship in Arizona, while providing high- quality
jobs in Tempe," said Barry Broome, president and CEO of the
Greater Phoenix Economic Council.
SVB will be eligible to apply for job training grants
provided in the Arizona Competitiveness Package and will
receive funding from the Arizona Competes Fund. SVB will be
filling new operations and IT positions in the Phoenix area
through voluntary transfers from existing offices as well as
local hiring. Anyone interested in careers with SVB can view
job postings on svb.com/careers.
###
Silicon Valley Bank is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 26 U.S. offices and seven international operations. (Nasdaq: SIVB) www.svb.com. Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a
member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal
Reserve System.
About the Arizona Commerce AuthorityThe Arizona Commerce Authority is dedicated to welcoming domestic and international businesses to Arizona and encouraging the expansion of existing businesses in the State. The agency maintains foreign trade offices in Canada, Asia, Europe and Mexico. The ACA will focus exclusively on business attraction, retention and expansion of Arizona's strongest economic sectors including science/technology, aerospace/defense, renewable energies and small business/entrepreneurial expansion efforts. For more information contact: Arizona Commerce Authority at 602-845-
1200 or www.azcommerce.com .
About the Greater Phoenix Economic Council (GPEC)A true public/private partnership, GPEC is the regional economic development organization for Greater Phoenix. Working with its 20 member communities, Maricopa County and 155private investors, GPEC attracts quality businesses to this dynamic region. By creating a high-performance economy through capital investments and jobs, Greater Phoenix companies enjoy a business climate where they can compete and thrive in today's global economy. Since 1989, GPEC has worked to achieve an economically sound and sustainable region. For more information, visit www.gpec.org.
distribué par | Ce noodl a été diffusé par SVB Financial Group et initialement mise en ligne sur le site http://www.svb.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-03 23:17:59 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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