How The Southwest Manufacturing Expansion Has Impacted Arizona's Economy
Congress will vote on the U.S. Innovation and Competition Act later this month.
The bill was developed with bipartisan support, and the proposed $200 billion act would bolster microchip manufacturing in the U.S. as well as provide incentives for foreign companies that enjoy state-subsidizing. It would also inject billions into other tech sectors.
Nearly a quarter of the $200 billion would go toward the semiconductor industry. And currently, Arizona is emerging as a potential global leader in chip manufacturing.
This growth isn’t restricted to Arizona — the entire Southwest is enjoying a manufacturing boom.
Between 2017 and 2020, 100,000 manufacturing jobs were created from Nevada through Arizona, New Mexico, Texas and Oklahoma — about a third of the nation’s job growth during that period.
To learn about the manufacturing expansion in our state, The Show spoke with Allison Grigg, executive director of the Arizona Manufacturers Council.