Economy
Computer chip manufacturer Intel has an influential role in city growth strategies with four locations in the municipal area, including its first factory to be designated "environmentally sustainable" under current Leadership in Energy and Environmental Design (LEED) criteria. Other high-technology manufacturing firms have partnerships with the local government, their operations employing approximately twenty-five percent of non-government workers in 2007. Although per capita employment growth in the sector has been in decline in Arizona since 2000, semiconductor and other electronic component manufacturing was largely unaffected; a series of customized grants for the training of net new employees, incorporating the Phoenix urbanized area (twenty-seven thousand workers now commute to work in other communities), resulted in a larger market share of (Californian) industry.
Since 2003, more than 2,900 jobs and investments totalling $3 billion have been created along the Price and Santan freeways, between Arizona Avenue and Gilbert Road in the so-called South Arizona Avenue Corridor. Three shopping malls provide a "strong attraction" to such an open-ended, high exposure trade area: the 1,300,000-square-foot (120,000 m2) Chandler Fashion Center, opened in 2001, has spurred on several courts and laneway developments. In the southern end of the Corridor, Wal-Mart is expected to draw business from as far south as the Hunt Highway, bringing with it a "large consumer population" which will improve "the image and perception of the area" in the mindset of many Greater Phoenix residents and state commercial retailers. The northern portion is "attractive and possesses the historic character" for success, which "can be grown to the south".
CyrusOne, an Internet hosting company, has announced plans to build a 1-million-square-foot data center in the Continuum business park area of Chandler's Price Corridor.
Read more about this topic: Chandler, Arizona
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)