Photo Courtesy of TSMC
(Disclosure: Rose Law Group represents Saint Holdings.)
By Corina Vanek | Arizona Republic
In north Phoenix, the beginnings of Arizona’s largest foreign direct investment, the $40 billion Taiwan Semiconductor Manufacturing plant, are easy to see as tower cranes dominate the landscape.
But more than 80 miles away in Casa Grande, the ripple effect is strong.
When Jackob Andersen’s company, Saint Holdings, first began buying land in Pinal County around 2006, he expected the area to eventually attract companies specializing in construction and other areas related to homebuilding, the state’s dominant industries at the time.
Instead, the area is now a landing spot for several semiconductor industry suppliers, either establishing an Arizona presence for the first time or expanding their footprint to serve the state’s growing industry.
“We have different businesses coming in than we anticipated before,” Andersen said. The Central Arizona Commerce Park, a 740-acre industrial park in Casa Grande, which Saint Holdings developed, has nearly sold out, with only about five acres left for new buildings.