Valley Events Attract Homebuyers & Job Seekers: January 2022
(Published on - 1/18/2022 8:00:18 PM)
It is PEAK SEASON IN SCOTTSDALE. The upcoming world-renown collector car auctions are followed by the PGA’s rowdiest and most popular week-long golf tournament. This is followed in February by some of the most well attended horse shows in the world. Families begin arriving in early March for spring break, filling resorts and vacation rentals to peak capacity. Lastly, the entire month of April is booked for Spring Training: 15 of the 30 MLB teams host in stadiums throughout the Valley. The Arizona Cardinals will not make it to the Super Bowl this year. However, next year they will be hosting it. Super Bowl LVII is scheduled for February 12, 2023 here in Cardinal Stadium!
Phoenix metro builds resilancy to negate any future housing market declines
Semiconductor 'Mecca'
Another U.S. semiconductor company is considering Arizona for a fab plant that could have a capital investment of $40 billion and 10,000 jobs at full buildout. The project is on an accelerated timeline as the world reacts to the global chip shortage that is causing supply chain disruption. According to the Phoenix Business Journal on January 4, the company has not been disclosed, but has been confirmed as a U.S. Company.
Phoenix metro is already considered a tech mecca which Forbes labeled last March as “Semiconductor Central.”
- Intel broke ground last summer on two new chip factories in the Valley in a $20 billion expansion in Chandler, expected to create 3,000 jobs and 15,000 indirect jobs. Intel is the largest American chipmaker. An Intel executive was featured on a panel for the Greater Phoenix Economic Council last fall, stating that the facility is on track and on schedule.
- Taiwan Semiconductor Manufacturing in constructing its $12 billion semiconductor fab in north Phoenix. Taiwan is the world’s largest producer of computer chips. The announcement in 2021 was the largest foreign direct investment in Arizona’s history. The plant is expected to create a total of 4,296 jobs over 10 years. The first phase is estimated to have an economic impact of $382 billion over 20 years.
- On January 11, EMD Electronics, a chemical supplier in the semiconductor industry, was featured in another Phoenix Business Journal article as intending to build a $28 million factory in Chandler. EMD expects to start operations at the end of 2022 and employ at least 100 people.
Solar
The January 6 Business Journal featured story on Switzerland-based manufacturing facility to employ 500 in Litchfield in the SW Phoenix Valley. Meyer Burger Technology AG will produce solar modules at Goodyear Airport 85, a new speculative building located near the Phoenix Goodyear Airport.
Biotech
ASU President Michael Crow was quoted in the January 6 edition that ASU’s partnership with the Mayo Clinic has been finalized. Crow stated that the resulting north Phoenix biotech corridor will be “one of the most important sites on the planet – literally on the planet.” This huge project could eventually brig tens of thousands of jobs to the area. Joan Koerber-Walker, president and CEO of the Arizona Bioindustry Association summarizes this exciting news as follows, “As Arizona’s biomedical sector continues to grow, there is a need to expand beyond the lab and engage with partners to move discoveries into development so that they can ultimately benefit patients.”
No, the Sky is Not Going to Fall
According to a recent Forbes article, quoting from the most well respected experts, we expect prices to rise another 2.9%, and sales to increase another 6.6%. Read the full article here
One thing remains constant and is even more true than ever: Your Home Equity is a significant asset in your portfolio and you deserve expert guidance. Is Now a Good Time to Buy or Sell a Home? Call Denise 602-980-0737, celebrating a 36 year career in Arizona Real Estate.
