Arizona Wins “Gold Shovel” Award

Governor Doug Ducey attended the ribbon cutting ceremony at CP North American headquarters at 2620 Deep Well Ranch Rd., in Prescott, Arizona.

Arizona has received the prestigious “Gold Shovel” award from Area Development Magazine, a leading site selection publication, for the state’s “success in terms of new job creation and company capital investment” in 2020.

In addition, TSMC’s announced $12 billion investment to build a semiconductor fabrication facility in Phoenix was named one of six “Manufacturing Projects of the Year.” Arizona saw economic development wins across the state in 2020, even against the context of a global pandemic. In addition to TSMC, the 2020 projects include:

• Global Energy Solutions, a producer of lithium-battery supply chain materials that announced a new facility in Eloy, resulting in 176 projected new jobs and $101 million in capital investment;

• Commercial Metals Company, which is investing more than $300 million to build a state-of-the-art steel producing facility in Mesa. The facility’s advanced technology will make it one of the most efficient and environmentally-friendly in the world, while employing more than 180 people;

• PMG Companies, which is opening an advanced manufacturing plant in Lake Havasu, resulting in more than 260 jobs and a $20 million investment;

• Ball Corporation (Red Bull), which is building a manufacturing facility in Glendale leading to the creation of 145 jobs and more than $235 million in investment;

• And Zoom Communications, which will establish a technology hub in Phoenix with 250 employees and a $11 million investment.