125 new jobs in executive administrative support, creative graphics and digital services being created in Pima County
TUCSON, Arizona — Ernst & Young LLP (EY), a global leader in assurance, tax, transaction and advisory services, announced Wednesday it has opened a national executive support center in Tucson, Arizona. The new center will create more than 125 jobs in the area with a focus on executive administrative support, creative graphics and digital services.
The firm has selected downtown Tucson for the support center and will operate in a temporary space until the permanent location is identified and made ready in the fall. The layout will be part of the EY organization’s global “EY@Work” initiative, which features modern office space supported by the latest technology and environmental standards.
“We’re excited to be locating in downtown Tucson, and our new space will be a great environment for our talented Tucson employees. It’s designed to enhance the way we work in the digital world and enable flexibility and collaboration,” said Brent Summers, Enterprise Support Services leader for Ernst & Young LLP. “In today’s work environment we are seeing more and more mobile executives, and this center will further enhance our ability to improve business support operations in central locations.”
Downtown Tucson has undergone a transformation over the past decade. According to Pima County, there has been more than $1 billion in public and private investment, including new towers, employers, restaurants, cultural amenities and a new streetcar that connects downtown to the University of Arizona. It’s a center of business innovation, serving as the home for Startup Tucson, Pima County Public Library’s IdeaSpace, and with nearby University of Arizona Eller College of Management ranked as one of the top three programs for entrepreneurship.
“Pima County’s unique combination of diverse talent and affordability attracted us to this market,” said Summers. “Downtown Tucson has recently undergone a great revitalization, and we look forward to being a part of this vibrant, growing community.”
“The global real estate division of financial consultancy Ernst & Young recently published a report on the private equity outlook in the real estate space. As the head of the division, Mark Grinis, says in an introduction, the premise of the report is that success in this space requires managerial focus on fundamentals, including the ability to keep 'one eye on international events and the impact they may have on their local investments.' The report starts with interest rates, and especially with the policy of the U.S. Federal Reserve. EY expects that the Fed’s funds rate will increase, modestly, and this “may increase the expense of developing new projects and refinancing existing projects.” But it does not believe that this poses a grave threat to asset values. Part of the reason it doesn’t pose such a threat is that the debt market is increasingly sophisticated, allowing real estate investors to ‘source debt packages that are not closely tied to rates in short-term markets.’” For full report click here.
Ernst & Young LLP has been in the Arizona market for more than 58 years with 275 employees currently in the state. The firm’s Arizona-based practice office will remain in Phoenix at 2 North Central, Suite 2300.