The Loop 303 corridor has positioned itself as a global epicenter for development, attracting billions of dollars in investments from industrial, manufacturing, and transportation sectors.
The Northwest Valley Chamber of Commerce believes that this region is poised to become one of the top development areas in the US. Raoul Sada, the President and CEO of the Northwest Valley Chamber of Commerce, stated, “The convergence of three major economic drivers along the Loop 303 is perfectly positioning the Northwest Valley as a global center for development.”
Sada further elaborated, “Firstly, the southern end of the Loop 303 is a hotbed for development, attracting billions of dollars in investment from industrial, manufacturing, and transportation companies. Warehouses are sprouting up along Loop 303 as companies adapt their goods movement strategies to bypass supply-chain bottlenecks and high land prices in California. This has led to it becoming one of the fastest-growing distribution markets in the U.S.”
At the northern end, the world’s largest semiconductor chipmaker, TSMC Arizona, is set to build the largest and most advanced facility on U.S soil on over 1,100 acres. The cost of this project is a staggering 40+ billion dollars and will provide nearly 4,500 jobs.
Connecting both ends, will be a massive, 3,500-acre BNSF bimodal (truck and rail) distribution center near Surprise/Wittmann. This intermodal shipping facility and rail hub will create an inland port akin to those in the Dallas-Fort Worth and Chicago areas. It includes a logistics park in the northern section, an intermodal facility to the southeast, and a logistics center in the middle, with industrial warehouse development also planned.
These three factors will further enhance our region’s appeal for development, attracting billions more in investment from industrial, manufacturing, and transportation companies.
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