Site Selector: Phoenix Positioned Well for Both Office, Industrial Coming Out of Covid

Article originally posted on Phoenix Business Journal on June 18, 2021

Arizona had been experiencing major economic growth before the Covid-19 pandemic, and the changes sparked by the pandemic may have only accelerated that trend, according to an out-of-state site selector.

“Phoenix, and Arizona in general had been on quite the economic tear [before Covid],” said Chris Lloyd, chairman of the Site Selectors Guild and senior vice president of McGuireWoods Consulting.

The Valley’s economy had already been diversifying since being hit so hard by the Great Recession, and was benefiting from what Lloyd called “the gift that keeps on giving to the West,” which is the migration from California to other states.

Around the country, manufacturing projects continue to make decisions on where to locate and have been even more active from the high demand for consumer goods. According to a study done by the Site Selectors Guild, states that reopened quickly and had consistent rules have been viewed more favorably by companies seeking new locations or planning to make investments.

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