Phoenix Economic, Real Estate Leaders Express ‘Guarded Optimism’ for 2021

Article originally posted on Phoenix Business Journal on January 11, 2021

Economic development leaders and real estate professionals are expressing “guarded optimism” for the Phoenix economy and real estate industry in 2021.

Chris Camacho, president and CEO of the Greater Phoenix Economic Council, said he expects the state to regain all of the jobs lost in 2020 by the end of the year.

“With the momentum we have with high-value companies like (Taiwan Semiconductor Manufacturing Co. Ltd.), these are catalyst projects,” he said. “I think Phoenix will be on company’s lists like Dallas or Austin.”

TSMC, which purchased land for its factory in north Phoenix in December, represents the largest foreign direct investment in Arizona’s history, and the factory alone is expected to create 1,900 jobs.

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