Phoenix looks to northern, southern outlying areas for future economic growth


The city of Phoenix is not even close to being built out.In the next 20 years, the Arizona capital is planning for exponential growth with hundreds of thousands of new jobs, especially in the north and south parts of the city.The growth in Phoenix, which is home to nearly 1.7 million people, has been booming along with other Sunbelt markets in part because of the arrival of Taiwan Semiconductor Manufacturing Co., the resurgence of advanced manufacturing in the U.S. and the large migration to the area.Christine Mackay, the economic development director for the city of Phoenix, said at the Business Journal’s Phoenix Growth Summit panel event on Aug. 17 that she has never seen economic activity levels in Phoenix reach its current frenetic pace. About 160 people attended the sold-out event, sponsored by Salt River Project.”It’s a crazy time to be in Phoenix,” Mackay said. “Phoenix is the ‘it girl’ right now. We’re going to grab as much as we can while we can. We’re going to sleep later.”Since Taiwan Semiconductor Manufacturing Co. announced its plans to invest $40 billion for a huge computer chip production facility being built in north Phoenix, Mackay said about 40 semiconductor sector companies are either already on the ground in the Valley or are considering opening here to support the chipmaker and other companies wanting to be part of that momentum.expandThe Taiwan Semiconduc …

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