Global Water Resources (GWRI) took the phrase "Think globally, act locally" to heart. The company provides water, wastewater, and recycled water utility services to 14 utilities and more than 60,000 people in its service area around Phoenix. Its recycled water is treated and purified wastewater used for non-potable and outdoor purposes, sent through a separate system of pipes than drinking water. GWRI says its reclaimed water project saves up to 40% of drought-prone Arizona's scarce groundwater. The utility also extends water and wastewater infrastructure financing to regional developers and builders. The company was formed in 2003. Once privately held, GWRI went public in an IPO in late 2010.