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Here's Why Metro Phoenix is on the way to becoming a Tier 1 market

Friday, January 13, 2023   /   by Amy Richardson

Here's Why Metro Phoenix is on the way to becoming a Tier 1 market


After the pain of the Great Recession, Arizona resolved to reinvent and diversify its industrial landscape to create a more resilient economy and put itself on the path to becoming a Tier 1 market. No single person or entity can take sole credit for this shift in priorities; it was made possible through the partnerships between municipalities, economic developers, lawmakers, educators and the taxpayers.

But Chris Camacho, president and CEO of Greater Phoenix Economic Council (GPEC), is among the group of leaders responsible for the ink drying on multi-billion-dollar investments from businesses such as Taiwan Semiconductor Manufacturing Company (TSMC) and LG Energy Solutions. 

Az Business magazine sat down with Camacho to talk about the region’s economic transformation, Arizona’s pro-business climate and his thoughts regarding 2023. The following responses have been edited for length and clarity. 

Az Business: Let’s start with 2022. What’s one of your top line takeaways from last year?

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Home Smart - Savvy Realty Group
Amy Richardson
6909 W Ray Rd #21
Chandler, AZ 85226

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