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Well, the problem with these factory $ value figures (and I wish reporters would dig a little deeper) is that it doesn't really correctly depict the impact to t

Well, the problem with these factory $ value figures (and I wish reporters would dig a little deeper) is that it doesn't really correctly depict the impact to the local economy very well. Either in the construction phase or ongoing operations phase. In some ways the construction is little different than building an office park or warehouse, modulo some very special installed equipment and ventilation / power systems. Most of that $xB capital invested is going to the companies that make the extremely sophisticated line equipment, and that is not local. As for the operations phase, it might employ 1,000 people, optimistically? Not saying it's not a benefit to the Arizona economy. And certainly the economic calculations for something like this are far better than the bullshit $ thrown around for a sport stadium or team, for example. Just saying that the $12-$38B figure is not what Arizonans will feel.

mech422 6y ago
yeah - there will definitely be a huge equipment budget. But the construction work will be substantial as well. I have a friend that's doing pipe fitting at the Intel plant, and he's looking at being booked solid for like the next 5 years. Not to mention all the road improvements, etc. the local municipalities have committed to. I believe they're predicting more like 2K jobs for the operations phase. Though, the 2019 phoenix economic output was about 260 billion. So even the full 1 billion / year is just a half percent increase. Still I'm optimistic this can help PHX recover from the covid slump, and start getting the local economy back on track.
csomar 6y ago
Long term, however, it'll attract high-yield jobs. These jobs (and the people working on them) will have a high impact on employment. People who have high salaries can afford eating out regularly, Uber/Uber Eats and expensive custom made stuff. This helps the lower strata of society.
- mywittyname 6y ago
  They also demand better schools and have kids who largely end up being educated and are anchored to the region.

mech422 6y ago

yeah - there will definitely be a huge equipment budget. But the construction work will be substantial as well. I have a friend that's doing pipe fitting at the Intel plant, and he's looking at being booked solid for like the next 5 years. Not to mention all the road improvements, etc. the local municipalities have committed to. I believe they're predicting more like 2K jobs for the operations phase. Though, the 2019 phoenix economic output was about 260 billion. So even the full 1 billion / year is just a half percent increase. Still I'm optimistic this can help PHX recover from the covid slump, and start getting the local economy back on track.

csomar 6y ago

Long term, however, it'll attract high-yield jobs. These jobs (and the people working on them) will have a high impact on employment. People who have high salaries can afford eating out regularly, Uber/Uber Eats and expensive custom made stuff. This helps the lower strata of society.

mywittyname 6y ago
They also demand better schools and have kids who largely end up being educated and are anchored to the region.