Home Economy How the Intel $20B investment will transform Arizona economy

How the Intel $20B investment will transform Arizona economy

1

Arizona’s reputation as a technology industry leader continues to grow. In March, Intel announced a substantial expansion of its Arizona-based manufacturing capacity with a
$20 billion investment, which includes two new semiconductor fabrication facilities and the creation of 3,000 new high-tech, high-wage jobs and 3,000 construction positions; it will also support about 15,000 additional indirect jobs in the community.

According to Sandra Watson, president and CEO of the Arizona Commerce Authority, Intel’s decision to open two new semiconductor factories is transformational in adding new jobs. “These workers will live in our communities, shop at local small businesses and pay Arizona taxes,” she says. “This expansion will also support thousands of jobs in construction and through suppliers and other industries.”


READ ALSO: Here’s how GPEC helped Valley become a magnet for innovation


In addition, Watson notes that the Intel…

Click here for full article…azbigmedia.com