In addition to what will be played on the gridiron, the economic part of Phoenix, Philadelphia and Arizona is also important for the United States.
Phoenix
1. The entertainment and hospitality sector is key to the economy of Phoenix, a city that hosts Nascar races, NCAA football -student sport in the United States-, golf, baseball and basketball games; in addition to its national and state parks, as well as businesses and conventions.
2. Phoenix was one of the few hotel markets to recover quickly from the impact of the coronavirus pandemic.
3. In December 2022, jobs related to leisure and hospitality exceeded, for the first time, the levels of 2019, before covid-19.
4. The city will become a key player in the semiconductor industry thanks to the facilities of Taiwan Semiconductor Manufacturing, the world’s largest computer chip maker, which is part of a $40 billion production plan to produce about 600,000 chips.
5. With the relocation of technology companies, Phoenix hopes to establish a Silicon Desertand be competition for Silicon Valley in California.
Philadelphia
6. Philadelphia’s economic recovery has been somewhat slow, as in December 2022, industry payrolls were 0.2% below pre-pandemic levels.
7. In 2022, 85,000 jobs were created in the Philadelphia metropolitan area, down from 138,000 in 2021; however, there was a reduction in the unemployment rate, from 4.1% in 2021 to 3.9% last year.
8. In Philadelphia, technological research has grown, focused on cell and gene therapy, thanks to the work of the Universities of Pennsylvania and Drexel. In addition, Longfellow Real State Partners announced the development of a City of Life facility.
9. The trend of shorter supply chains is expected to benefit Philadelphia, as regional research and educational institutions continue to attract investment in the life sciences.
10. The city has the third largest employment base in the United States for pharmaceuticals and drug products.
