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Gallego credits bioscience, chip investments and new Asia flights for Phoenix economic gains
Summary
Mayor Kate Gallego highlighted major private and public investments — from bioscience campus growth and a $165 billion expansion by TSMC to a new Starlux nonstop to Taipei — and tied them to workforce training and corporate relocations during the State of the City address.
Phoenix Mayor Kate Gallego told a standing-room audience that “the state of our city is strong and growing stronger every day,” and outlined a string of private and public investments she said are reshaping the city’s economy.
Gallego said Phoenix’s bioscience sector has attracted nearly $7,000,000,000 in capital investment and more than 8,000,000 square feet of primary facilities since she took office. “Having multiple medical schools in Downtown Phoenix is a game changer for our entire region,” she said, describing ASU Health’s new medical school and other local academic investments.
The mayor also highlighted semiconductor investments, saying Taiwan Semiconductor Manufacturing Company (TSMC) expanded from…
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