Taiwan Welcomes Arizona Government Officials, and Phoenix Economic Development and Business Leaders

https://www.investinphoenix.com/news/29

<div class="ExternalClassB1DC7866D1704D68B4EA7D3F302D62B0">Phoenix, AZ - Key leaders from the City of Phoenix, Arizona Commerce Authority (ACA) and Greater Phoenix Economic Council (GPEC) are embarking on a trip to Taiwan to meet with prestigious companies in the region. The delegation, which includes top business executives, will be showcasing the many opportunities for investment and growth in the booming City of Phoenix and Arizona statewide. "We have already seen the powerful impact foreign direct investment can have on a City. In the last two years, nearly 20 Asian companies have chosen Phoenix to plant their flag," said Phoenix Community and Economic Development Director Christine Mackay. "We are eager to showcase, once again, the numerous advantages to Taiwanese companies to explore Phoenix as their next partnership opportunity." The delegation is set to meet with some of the finest companies in Taiwan, highlighting the strong economic ties between the two regions. This trip marks a significant step towards further strengthening these ties and fostering mutually beneficial ventures. "We are excited to welcome the delegation from Phoenix and discuss the many prospects for collaboration between our two regions," said a spokesperson from the Taiwan External Trade Development Council. "We are confident that this trip will lead to fruitful connections and further strengthen the economic ties between Taiwan and Arizona."The delegation will meet with companies across various industries, such as technology, healthcare, and manufacturing. The trip includes stops at the Taiwan Semiconductor Manufacturing Company (TSMC) headquarters, and tours of the Hsinchu Science Park in Hsinchu, and Nangang Trade and Economic Park in Taipei, Taiwan. Mack Real Estate Group (MREG) and McCourt Partners joined the delegation after recently acquiring the rights to develop the Sonoran Oasis Science and Technology Park, a 2300-acre site adjacent to TSMC in Phoenix. “Over the last decade, the work of Greater Phoenix leaders to travel to Taiwan, meet with leaders and executives, and create an advantageous operating ecosystem in Arizona has garnered momentum that has allowed for continued, productive conversations today and led to more than $65.4 billion in investment from 18 Taiwanese company expansions,” said GPEC President & CEO Chris Camacho. “This paves the way for opportunity at the 2,300-acre Sonoran Oasis Science and Technology Park to create the largest new industrial corridor built adjacent to one of the most significant FDI projects in the country.” Working closely with Phoenix Sister Cities, the delegation will also participate in networking events and meetings with Taiwanese officials to discuss potential business agreements.“Through close collaboration, Arizona and Taiwan have built a globally significant partnership across high-tech sectors, leading to an unprecedented surge in jobs and investment,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “We look forward to joining our partners in Taiwan to further these ties and bring more opportunity to Arizona.”The delegation's visit comes at a time when Arizona's economy is thriving, with a record low unemployment rate and a business-friendly environment that continues to attract companies from around the world. The delegation's trip to Taiwan is a clear indication of Phoenix's commitment towards fostering international partnerships and driving economic growth in the state. With its strong leadership, business-friendly policies, and skilled workforce, Phoenix continues to be a top destination for companies looking to expand or relocate. For more information on the delegation's trip to Taiwan, please contact Athena Sanchez at 602-621-0507 or <a href="mailto:athena.sanchez@phoenix.gov">athena.sanchez@phoenix.gov</a>. </div>

Image of TSMC's construction in North Phoenix

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7/23/2024 1:22:55 AM