Phoenix economic development team reports $21 billion in new capital investment, outlines work plan and major projects

City of Phoenix Community and Economic Development staff on June 12, 2025, presented a year-end review for fiscal 2024–25 and an action plan for 2025–26 that emphasized job attraction, retention, and targeted industry growth.

Christine Mackey, community and economic development director, said the department’s strategic efforts produced nearly 10,500 base-industry jobs and $21 billion in new capital investment through May 2025. “We have almost 10,500 new jobs added,” Mackey said during the presentation. Her office reported 10,442 jobs in later exchanged figures and cited nearly $21 billion in new capital investments and 498 retained jobs in targeted work.

Deputy directors walked committee members through major projects and industry clusters. Zanden Keating summarized downtown and central-city growth, noting roughly 3,000 housing units under construction and another 3,300 in predevelopment in the downtown core. He said several mixed-use projects are nearing completion, including Central Station and LG development, and referenced the planned Astra tower (two phases) that the city expects to start later in the year.

Nathan Wright described larger regional investments linked to semiconductor…