ARIZONA NEWS

Nearly 300 companies eyeing metro Phoenix as future home, agency says

Sep 14, 2021, 6:45 AM | Updated: 7:33 am
(AP Photo/Ross D. Franklin)...
(AP Photo/Ross D. Franklin)
(AP Photo/Ross D. Franklin)

PHOENIX – More than 270 companies from around the planet are looking to expand operations or relocate to the Phoenix area, a spokesman for a Valley economic development agency said.

“The projects represent some massive numbers in terms of impacts for our residents – 16,000 jobs and more than $50 billion in capital investments,” Josh Reed with the Greater Phoenix Economic Council told KTAR News 92.3 FM.

“On the business-attraction front, there really never has been more interest than greater Phoenix is seeing right now from firms across the globe looking to make investments and expanding and relocating to the region.”

Taiwanese chipmaker TSMC, the world’s largest semiconductor foundry, is building a $12 billion production facility in Phoenix that’s expected to open in 2024.

“We are really seeing a super cycle of what a project of that magnitude can do for a region,” Reed said.

“Within the semiconductor space alone there are 45 companies that are evaluating greater Phoenix for investment and a number of business operations to support TSMC directly but our larger semiconductor ecosystem as a whole.”

Reed added those projects represent 12,000 jobs and more than $65 million in capital expenditures.

He said the Valley had lost approximately 242,000 jobs at the height of the pandemic. Roughly 80% have been recovered and he’s optimistic for full recovery in early 2022.

Arizona News

(AP Photo)...
KTAR.com

Poll finds over half oppose Ducey’s ban on mask mandates in Arizona schools

A poll of Arizonans showed more than half oppose Gov. Doug Ducey's ban on mask mandates in schools and withholding funds from districts that have mask requirements.
11 hours ago
(Bell Bank Park Rendering)...
Kevin Stone

Bell Bank gets naming rights to massive Mesa sports complex

The massive sports and entertainment complex opening next year in southeast Mesa will be known as Bell Bank Park under a 10-year naming rights deal announced Tuesday.
11 hours ago
(Twitter Photo/Phoenix Fire Department)...
Ali Vetnar

Phoenix mountain rescues decrease during pilot program to close trails in extreme heat

A city of Phoenix pilot program to close popular hiking trails during some of the hottest summer days has resulted in fewer mountain rescues for first responders, according to new data.
11 hours ago
Aloys Ntirushwamaboko (Photo via Phoenix Police Department)...
KTAR.com

Silver Alert canceled after body identified as missing 103-year-old Phoenix man

A Silver Alert for a 103-year-old Phoenix man who had been missing for nearly a month was canceled Tuesday after formal identification of his body, authorities said.
11 hours ago
A vial of Covishield, an Indian made vaccine for COVID-19, lies at a vaccination center set up at a...
KTAR.com

Arizona reports 1,934 new COVID-19 cases, 71 more deaths Tuesday

Arizona health officials on Tuesday reported 1,934 new COVID-19 cases and 71 additional deaths from the disease.
11 hours ago
(Photo by Brandon Bell/Getty Images)...
Griselda Zetino

Carmona ‘cautiously optimistic’ about Pfizer’s COVID-19 vaccine for younger kids

Arizona’s top pandemic adviser feels “cautiously optimistic” about Pfizer’s COVID-19 vaccine for younger kids and believes it could help cut down the transmission of the virus.
11 hours ago
Nearly 300 companies eyeing metro Phoenix as future home, agency says