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Local Alliances Put Some Cities on the Fast Track to Recovery
Economic development agencies have created comeback plans for cities like Austin, Texas, and Tucson, Ariz., positioning them to rebound from the pandemic quicker than others.
Sun Corridor, a regional economic development agency, sponsored a revitalization plan for Tucson, Ariz.Credit.Rebecca Noble for The New York Times
April 6, 2021, 9:00 a.m. ET
As vaccination rates increase and businesses start to reopen, cities across the country are cautiously moving forward with economic recovery plans to coax workers back into offices and revive real estate markets pummeled by the pandemic.
Some midsize cities like Austin, Texas; Boise, Idaho; and Portland, Ore. may be poised to rebound faster than others because they have developed strong relationships with their local economic development groups. These partnerships have established comeback plans that incorporate a number of common goals, like access to affordable loans,
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TUCSON, Ariz., April 1, 2021 /PRNewswire/ BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, announced today it will invest $65 million to construct a state-of-the-art facility in Tucson, Arizona that will be a hub for the company s supply chain, serving as a final-stage manufacturing and sterilization center.
The new 120,000 square-foot facility will be built on approximately 32 acres at the northeast corner of Valencia and Kolb Road and is planned to be operational in mid-2022. BD plans to add approximately 40 new jobs, including engineers, scientists, quality control specialists and other skilled talent. Sun Corridor, Inc. projects that BD s investment will have a $122 million economic impact over the next 10 years.