Via TSMC
By In Business Phoenix
Arizona was awarded a prestigious “Gold Shovel” award from Area Development Magazine in the 6-10 million population category, marking the state’s third consecutive gold shovel. Considering economic development projects that were announced, commenced construction or operations in 2022, the Shovel Awards recognize states that “garnered large job-creating and investment projects through innovative policies, infrastructure improvements, and other processes that attracted new employers as well as investments in expanded facilities.”
In addition, Area Development named TSMC’s $40 billion investment in Phoenix one of 15 “Manufacturing Projects of the Year.” In December, TSMC announced a total investment of $40 billion to build two fabs in north Phoenix, creating 4,500 jobs.Since 2007, Arizona has won five gold shovel and six silver shovel awards. Arizona’s five gold shovels have occurred all in the past seven years.
“From semiconductors to batteries, renewable energy, electric vehicles and more, Arizona has become an epicenter of innovation,” said Governor Katie Hobbs. “Investments from leaders like TSMC and the many supply chain operators who call Arizona home ripple across our economy, supporting good-paying jobs all across our state. We are proud Arizona continues to be recognized as a top state for high-quality job creation and economic development.”
