With the housing industry in the slumps and fewer construction jobs, now is the time for Arizona to look at ways to diversify its economy to guarantee a sustainable future. The region’s population is poised to grow from 5 million to 10 million by 2050, so we will also face the environmental challenges of accommodating rapid population growth in a fragile desert community.
The changing demographic and economic situation is prompting researchers and leaders to think about how the mega-region known as the Sun Corridor can one day become a significant economic, technological and cultural center. In moving forward, how do we ensure a balance between economic growth and environmental quality?
If the region between Phoenix and Tucson becomes a new paradigm in Arizona for sustainable development with a diverse economic base, our state — quite possibly — will be on track to advance globally. With that said, it will take a substantial amount of cooperation between business and government as well as much better marketing of the region to encourage the wave of investment to continue and accelerate.
Next month, Valley Forward Association is hosting a luncheon focused on opportunities for the Sun Corridor. Panelists include:
- Bill Pepicello, chair of the Greater Phoenix Economic Council and president of University of Phoenix;
- Lisa Lovallo, chair of the Tucson Regional Economic Opportunities and vice president and systems manager at Cox Communications Southern Arizona; and
- Morris Mennenga, president of the Central Arizona Regional Economic Development Foundation and president of Discovery Building Companies.
The program will be moderated by Janet Perez, editor-in-chief of Arizona Business Magazine, and will focus the discussion on ways Phoenix, Central Arizona and Tucson might work together to enhance growth opportunities and the quality of life issues in the Sun Corridor. Be part of the dialogue that will help shape Arizona’s future!