
Phoenix is a city on the rise, attracting top businesses from all over the country. With its favorable business climate and affordable cost of living, it's no wonder why companies are flocking to the area.
Low operating costs, including lower taxes and affordable office space, are a major draw for businesses relocating to Phoenix. This allows companies to allocate more resources to growth and innovation.
The city's highly skilled workforce is another key factor in its appeal. Phoenix is home to several top-ranked universities and research institutions, providing businesses with access to a talented pool of employees.
From tech startups to established corporations, companies are finding success in Phoenix's thriving business environment. With its unique blend of innovation and affordability, it's a city that's hard to ignore.
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Companies Moving to Phoenix
Dutch Bros is relocating 40% of its total support staff to Phoenix by Jan. 1, 2025. This move will bring in new employment opportunities and economic activity to the area.
Phoenix has been noted to offer more direct and easily accessible flights to the communities Dutch Bros operates in. This makes it an attractive location for the company.
Introducing Tesoro.vc Accelerator: Arizona Transformation

The Tesoro.vc accelerator is a game-changer for Arizona's entrepreneurial scene. This startup accelerator was launched in partnership with the City of Phoenix, the Greater Phoenix Economic Council (GPEC), and StartupAZ.
It's located in the Greater Phoenix area, where it aims to drive early-stage entrepreneurial momentum. This is a great opportunity for startups to get the support and resources they need to succeed.
The accelerator is a result of a joint effort between Tesoro.vc and its partners, who are committed to positioning Arizona as a premier national and global destination for startups. This is a big step for Arizona's economy.
By launching this accelerator, Tesoro.vc is helping to create a thriving entrepreneurial ecosystem in the region. This is great news for anyone looking to start or grow a business in Phoenix.
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Quality of Life
Arizona's warm climate makes it an ideal destination for people who love spending time outdoors. The state's natural landscapes are simply breathtaking, with plenty of opportunities for hiking, biking, and exploring.
The cost of living in Arizona is lower compared to many other states, which is a big plus for employees who want to stretch their paychecks further. This means more money in the bank for things that matter, like travel, hobbies, or saving for the future.
Abundant outdoor recreational activities are just one aspect of Arizona's appeal. The state's vibrant cultural scene is another, with a wide range of museums, galleries, and performance venues to enjoy.
Arizona's diverse communities offer a welcoming and inclusive environment for people from all walks of life. Whether you're a nature lover, a foodie, or an art enthusiast, there's something for everyone in this amazing state.
NatureSweet's Greenhouse Facility
NatureSweet's Greenhouse Facility is a significant investment in Arizona's economy. The prominent produce grower is allocating over $5 million to the facility.
NatureSweet plans to create hundreds of quality jobs in rural Arizona. This will strengthen the state's important agriculture industry.

The company's President & CEO, Rodolfo Spielmann, sees this as a commitment to innovation and collaboration. He's excited about the opportunities Arizona offers.
The new facility is located in Graham County, Arizona. NatureSweet is expanding its cultivation operations into the United States.
Arizona's Governor, Katie Hobbs, is proud to celebrate NatureSweet's new production facility.
Why Companies Choose Phoenix
Phoenix is a magnet for companies looking to expand their presence in the US. Arizona's business-friendly environment, with its favorable tax policies and streamlined regulations, makes it an attractive choice for global corporations.
Companies can take advantage of tax incentives that lower costs and access to public resources, making it easier to establish operations. The state's dedication to promoting economic growth is a major draw.
Its strategic location in the southwestern US provides a gateway to both domestic and international markets. Phoenix is situated near major cities like Los Angeles and Phoenix, making it an ideal location for companies seeking to expand their global reach.

The Arizona state government has introduced programs like grants, tax credits, and incentives to attract international businesses and promote a favorable business environment. This support for entrepreneurship and innovation makes Arizona an attractive location for global corporations.
Arizona's diverse industries and collaborative business ecosystem provide an ideal setting for large-scale corporations to thrive and grow.
Economic Growth and Development
Phoenix is attracting businesses with its economic growth and development. Dutch Bros, a drive-through coffee chain, is relocating 40% of its total support staff to the Phoenix area by Jan. 1, 2025.
This move reflects confidence in Phoenix's economic landscape and highlights its attractiveness to businesses seeking growth and expansion. With Dutch Bros' investment, Phoenix stands to benefit from increased employment opportunities and economic activity.
Dutch Bros has 831 stores in 16 states, up from around 300 in 2018, and Phoenix is one of its strongest markets. The company's new CEO, Christine Barone, has stated that Phoenix offers more direct and easily accessible flights to the communities the company operates in.
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Investments and Infrastructure

TSMC is investing at least $100 billion in its Arizona operations, including three new fabs and two advanced packaging facilities.
This investment will also include the construction of an R&D center in Arizona, which will likely create new job opportunities and drive innovation in the field of semiconductors.
TSMC's expansion in Arizona is a significant move, and it's expected to bring new economic growth and development to the region.
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TSMC Announces $100B Fabs Investment
TSMC is investing a whopping $100 billion in its fabs, packaging, and research and development.
This investment will be used to build three additional fabs, two advanced packaging facilities, and an R&D center in Arizona.
The expansion of TSMC's operations in Arizona was announced following a meeting at the White House between President Donald Trump and TSMC's Chairman and CEO C.C. Wei.
TSMC will be investing at least $100 billion in its new facilities in Arizona.
Southwest Airlines Infrastructure Investment
Southwest Airlines has invested in a new 90,000-square-foot hangar facility at Phoenix Sky Harbor International Airport, one of the largest in their nationwide network.

This facility can accommodate three additional aircraft within its Technical Operations facilities at Sky Harbor, augmenting the shop space for their Technical Operations team.
Southwest now boasts over 150,000 square feet of hangar space at Sky Harbor, positioning the airline for growth and expansion.
The expanded hangar serves as a pivotal hub for Southwest's flight operations in the Western U.S. region, allowing them to keep their aircraft flowing through the area.
Phoenix's economy is driven by key sectors like technology and tourism, contributing to the city's thriving job market and robust population growth.
As the airline's Chief Operating Officer Andrew Watterson noted, Phoenix is a strategic location for Southwest's operations in the West.
Phoenix's Tech Industry
Phoenix's tech industry is on the rise, with a significant investment in a semiconductor center announced by the White House. This $5 billion investment will establish a network of advanced computer chip research and engineering facilities throughout the United States.

The center's focus on research and development will propel innovation within the industry, attracting top talent and fostering collaboration among leading experts. This strategic investment underscores Phoenix's commitment to cultivating a robust technology ecosystem.
Sara's Micro Devices has relocated its headquarters to Chandler, opening a manufacturing facility in the process. The company plans to invest $50 million into its Chandler facility, expanding its clean room space.
Phoenix is poised to become a prominent player in the semiconductor sector, with the new center expected to drive economic growth and solidify its reputation as a thriving hub for innovation and entrepreneurship.
Considering a Move to Phoenix
Arizona has become a hotspot for new opportunities, making it an attractive option for professionals looking to relocate.
Phoenix is a city that's thriving, with a strong economy and a growing population.
The city's exciting location and growing job market make it an ideal choice for those seeking new opportunities.
With a diverse range of industries, including tech, healthcare, and finance, Phoenix offers a wide range of job options.
Relocating to Arizona for work might be right for you if you're seeking new opportunities in an exciting location.
Frequently Asked Questions
What chip company is coming to Phoenix?
TSMC is planning to build a chip manufacturing facility in Phoenix, Arizona, as part of the US government's Chips Act. This move aims to reduce the country's reliance on a single foreign supplier for AI chips.
Sources
- https://www.gpec.org/news/
- https://bestcompaniesaz.com/blog/why-global-corporations-are-moving-to-arizona/
- https://rise48equity.com/february-2024-phoenix-msa-market-updates/
- https://www.aztechcouncil.org/nearly-40-companies-expanded-in-the-valley-in-the-past-year-gpec-says-even-more-in-the-pipeline/
- https://www.cnbc.com/2025/01/17/why-tech-companies-like-amazon-google-and-tsmc-are-in-phoenix.html
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