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Water, Lack of Buildings Among Concerns for Arizona Economic Development Experts

By May 23, 2023March 25th, 2025No Comments

By Audrey Jensen | Phoenix Business Journal

Several challenges in the economy could impact Arizona’s economic development going into the rest of 2023.

As Arizona continues setting itself up for more growth, more than 100 economic development professionals in the state say they are concerned over some of the biggest challenges the state is facing.

This includes Arizona’s shortfalls in housing and available buildings, the ongoing drought and water shortages, talent supply and city processes, according to a new Arizona Association for Economic Development survey of 120 economic development professionals and providers.

Overall, the survey found that the main concerns for growth include: permitting, regulations and water resources; lack of available commercial and industrial buildings; housing affordability and availability and workforce.

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