In just a couple of days, the Phoenix City Council will be meeting to consider an agreement with Taiwan Semiconductor Manufacturing Co. to invest $205 million into public infrastructure in preparation for a new plant in the Valley. 

“This innovative growing company will bring one of the largest single foreign investments in Arizona history and provide thousands of quality jobs and will facilitate thousands of additional jobs to support its ecosystem and operation,” - Phoenix City Council

The project's $12 billion plant is estimated to create just under two thousand jobs in the next 5 years and would have a $38.2 billion economic impact over the next 20 years, according to the Phoenix Business Journal. Public documents also note that the plant is estimated to bring in $314 million in annual personal income in that same time.

The location is still unconfirmed, but multiple sources have hinted that TSMC is planning on purchasing a site in north Phoenix by the end of the year. A five-year development agreement has already been approved by the Council to allocate the following: 

• $61 million on streets, curb, gutter, sidewalk, streetlights, and landscaping
• $37 million on new regional public water infrastructure improvements
• $107 million on new public wastewater infrastructure improvements

You can read the full report on Phoenix Business Journal: here