Phoenix is swiftly gaining momentum as the city of the future

June 21, 2023
Phoenix is garnering attention for recent investments in computer chip manufacturing and electric and autonomous vehicles.
Photo by Unsplash
  • This showcases efforts to diversify the city's economy, which collapsed during the 2008 housing crash.
  • The area has attracted major semiconductor companies since 1949, as well as automakers testing their products since the 1940s and 1950s.
  • Homegrown innovation is emerging, with venture capitalists investing in local startups and Intel engineers leaving to start their own ventures.
  • However, Phoenix faces housing affordability issues and water security challenges that must be addressed for its star to continue rising.
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