Quote:
Originally Posted by Obadno
Yes its currently experience some sort of weird microcosm of hyper growth powered a combination of factors. The Cali Exodus, the cost of property and labor but also the skillset of the population are currently in a magic spot where you can get a decent pay and have a high COL while still being a good deal for businesses from more expensive 1st tier cities.
As a state economy Arizona has fared as one of the best through the Covid/Lockdown Recession, compared to 2008 when we were one of the hardest hit.
The last 10 years saw major diversification of the state economy and its paying off now.
The next 10 years should be very exciting.
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Arizona has fared well and the major diversification of our economy has contributed to this. No longer is our economic base defined primarily by construction and tourism. We now have significant strengths across numerous industries like business and financial services, technology and innovation, bioscience and healthcare, aerospace and defense, and advanced manufacturing. Fortunately, Arizona had 9 cities in the top 25 (Gilbert, Peoria, Chandler, Mesa, Scottsdale, Tempe, Glendale, Tucson, Phoenix) of cities in the nation whose August unemployment rates are bouncing back the most.
Full list (Sep 30, 2020):
https://wallethub.com/edu/cities-une...t-rates/73647/
The Phoenix metro has been firing on all cylinders throughout the valley. Cranes continue popping up in Downtown and midtown Phoenix like never before, same for Tempe with more projects in the pipeline that are transforming our cores. Industrial development and manufacturing continues to boom, while the metro continues to lure more tech. The Sky Bridge project in Mesa continues and is a gamechanger for e-commerce between the U.S. and Mexico. The light-rail extension continues. Major semi conductor maker Taiwan Semiconductor Manufacturing Co. Ltd.’s $12 billion plant will arrive in the future. Despite Covid-19, it's an exciting time to be in Phoenix, even if it continues to fly under the radar for some.
https://www.constructiondive.com/new...lummet/585423/
https://www.bizjournals.com/phoenix/...n-phoenix.html
https://www.bizjournals.com/phoenix/...o-economi.html
https://www.bizjournals.com/phoenix/...nvestment.html