The Real Impact of Big Tech's Investment in the Valley

You’ve probably seen the headlines: companies like Apple and TSMC are pouring money into the Valley for chip manufacturing and AI infrastructure. Everyone is talking about the new jobs and economic growth it will bring to our community. But there’s another side to this story that nobody is talking about.

These new developments, like the massive TSMC plant, require a huge amount of energy to operate. Just look at what happened in Georgia after their tech boom—energy costs for residents went up by 24% because of the tax breaks and cheap energy incentives given to these companies.

Arizona has historically been great at keeping energy costs low. In 2024, our state had the second-lowest average energy bill in the nation. The real question is, as we welcome this new wave of tech giants, can we keep that up? The ancillary development that comes with these large investments will also put a strain on our resources as new communities pop up to support the influx of workers.

As a local expert, I’m excited about the jobs and opportunities this will bring to the Valley. But it’s crucial that we, as a community, are prepared for the changes. We need to keep our eye on the long-term impact on our infrastructure and resources. This growth could raise housing prices in the surrounding areas while we wait for new inventory to come online.

If you’re thinking about buying or selling in a neighborhood that’s being impacted by these developments, let’s talk strategy. You can reach me by phone or text at 480.906.3831 or email at MoveQuick@DanielBarash.com