Tucson AZ Community Profile

Page 16

Business Portfolio

Photo Courtesy of BIO5 Institute

Realm of Resources

Opportunity Starts Here

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In order to sustain long-term economic growth, a community must continue to change with the times. The Tucson metro area is experiencing a wealth of growth and innovation across many sectors, including aerospace and defense, mining, technology, manufacturing and health care.

Tucson is extremely military friendly and a hub for aerospace and defense industries. In fact, the region is home to Davis-Monthan Air Force Base, Fort Huachuca and the 162nd Fighter Wing of the Arizona National Guard. After nearly a decade, Tucson’s industrial market is nearing where it was prior to the recession. This can be seen in the warehouse, distribution, manufacturing and aerospace and defense sectors especially. Raytheon, which specializes in defense, civil government and cybersecurity, is currently expanding in Tucson, while Amazon recently announced its plans to open a facility

at the Port of Tucson. The 850,000 square-foot-plus-facility brings 1,500 jobs to Tucson. These employees will pack and ship small items, such as books and electronics, among others. Moreover, Caterpillar relocated its regional headquarters to Tucson, bringing with it 600 executive jobs. On top of that, Hexagon, an international mining tech firm, relocated its North American headquarters to downtown Tucson, giving the city a jolt in economic prosperity. Health care is also blossoming in this portion of Southern Arizona, as Community Health Systems and Northwest Medical Center are

16 Tucson Metro Chamber

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