Phoenix No 1 in home price increases for 25 consecutive months

[Alandros]

Originally Posted by locolife

A very similar statement can also be made about corporate HQs, I've worked in many across my career. Every job at HQ isn't a six figure salary there are admins, analysts, HR teams, accounting teams, etc.. The latest Intel expansion is expected to create 15,000 new jobs in metro Phoenix, 3,000 of those are identified as high-tech/high-wage. Usually tax subsidies provided to these type of projects include some average salary minimums, I don't have time to look up what those values are but have a hard time arguing this isn't a very big win for the valley. I believe TSMC is larger on all accounts.

I personally consider companies with the presence of Intel, TSMC, State Farm and a few others to be fairly comparable to HQ, I realize it's regional and the ultimate CEO doesn't sit in Arizona, however you basically have a company within a company that is more or less ran here.

"The investment will lead to the direct creation of 3,000 new high-tech, high-wage jobs and 3,000 construction jobs, while supporting an estimated 15,000 additional indirect jobs in our community."


https://azbigmedia.com/business/inte...3000-new-jobs/

Good points. Also those indirect jobs are important as well. Those well paid to high paid people will be spending that money locally in things like stores, markets, restaurants, etc.

[MN-Born-n-Raised]

Originally Posted by asufan

There's certainly a lot of high paying jobs at Intel. Every time I look at a house in the $1.5m to $3m range, I find out what the seller does for a living out of curiosity. It seems about a third work for Intel. There's all kinds of managers, directors, VP's, etc and they aren't making 200 grand a year

Good to know. Then they are obviously doing more than just a production fab.

[locolife]

Originally Posted by MN-Born-n-Raised

Good to know. Then they are obviously doing more than just a production fab.

Yeah, facilities of this size run like their own business. Think of a full executive suite basically running AZ fab.

[asufan]

Originally Posted by MN-Born-n-Raised

Good to know. Then they are obviously doing more than just a production fab.

Granted I don't know the first thing about the operations of Intel and I've never been on the campus other than a kids occasional baseball practice on the Intel field, I just know there's a variety of levels and even the lowest level is not bad. The new fab is supposed to be the most advanced and has made national news. With that kind of importance it would make sense to have some additional leadership positions relocate here.

[ajonesaz]

Originally Posted by locolife

A very similar statement can also be made about corporate HQs, I've worked in many across my career. Every job at HQ isn't a six figure salary there are admins, analysts, HR teams, accounting teams, etc.. The latest Intel expansion is expected to create 15,000 new jobs in metro Phoenix, 3,000 of those are identified as high-tech/high-wage. Usually tax subsidies provided to these type of projects include some average salary minimums, I don't have time to look up what those values are but have a hard time arguing this isn't a very big win for the valley. I believe TSMC is larger on all accounts.

I personally consider companies with the presence of Intel, TSMC, State Farm and a few others to be fairly comparable to HQ, I realize it's regional and the ultimate CEO doesn't sit in Arizona, however you basically have a company within a company that is more or less ran here.

"The investment will lead to the direct creation of 3,000 new high-tech, high-wage jobs and 3,000 construction jobs, while supporting an estimated 15,000 additional indirect jobs in our community."


https://azbigmedia.com/business/inte...3000-new-jobs/

Phoenix needs some more corporate HQs because names like Talking Stick Arena and Footprint Center sound pretty dumb. We have a lot of facilities in need of adequate sponsorship

[locolife]

Originally Posted by ajonesaz

Phoenix needs some more corporate HQs because names like Talking Stick Arena and Footprint Center sound pretty dumb. We have a lot of facilities in need of adequate sponsorship

haha now it all makes sense, my bad this is clearly a major inadequacy of our fair city.

On a side note, I had no idea what Footprint was nor did I know they we're HQ'd in the valley until they got the naming rights for the Suns arena. I love the the idea of reducing single use plastics and their partnership with the Suns is a template for other arenas. Now did I need the Cards stadium to be called State Farm to know they want to sell me insurance? CP3 more than handled that for me in his commercials.

[Valley Native]

Originally Posted by locolife

haha now it all makes sense, my bad this is clearly a major inadequacy of our fair city.

On a side note, I had no idea what Footprint was nor did I know they we're HQ'd in the valley until they got the naming rights for the Suns arena. I love the the idea of reducing single use plastics and their partnership with the Suns is a template for other arenas. Now did I need the Cards stadium to be called State Farm to know they want to sell me insurance? CP3 more than handled that for me in his commercials.

Despite the Footprint company being rather unknown (mainly due to its newness), I'll gladly accept "Footprint Center" over "Talking Stick" for the Suns arena name. "Talking Stick" was one of the most awful names for a major venue! Part of the inadequacy stems from the silly titles we've allowed to be put on these buildings, as well as some of the major streets. Something along the lines of John McCain Blvd., or McFarland Avenue (honoring our past leaders) would be significantly better than Indian School Road, or Rural Road. Those street names have been severely outdated & irrelevant for a long time.