
Thriving in Buckeye: Arizona's Fastest-Growing City Leading Economic Development
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Economic Development in Buckeye, AZ: A Vision of Growth and Prosperity
Buckeye, Arizona, is experiencing a transformative period of economic growth, solidifying its position as a hub for business, retail, and residential opportunities. As one of the fastest-growing cities in the United States, Buckeye is attracting attention from investors, corporations, and residents alike. Let’s dive into the city’s dynamic economic development and how it’s shaping a prosperous future.
Population Growth Driving Economic Expansion
Over the past five years, Buckeye has consistently ranked among the fastest-growing cities in the U.S. With an estimated population of 119,000 in 2024, the city has seen an impressive annual growth rate of 4.4%. By 2050, projections show Buckeye reaching a population of nearly 397,000, making it a key player in Arizona's economy.
This rapid growth is driven by Buckeye's affordable housing, job opportunities, and a welcoming community. As the largest city in Arizona by land area, Buckeye's 640 square miles provide ample room for expansion and innovative projects.
Retail and Commercial Development
Buckeye is experiencing a retail boom, with new businesses and developments catering to the needs of its growing population. Highlights include:
Sundance District: Anchored by popular retailers like Walmart, Lowe's, and Fry’s, the Sundance District is a thriving hub of commerce. New additions like Dutch Bros Coffee, Cafe Rio, and Cold Stone Creamery enhance the district’s appeal for residents and visitors.
Future Commercial Projects: Areas like The Landing and City Hall East are set to become vibrant centers of activity, with restaurants, retail stores, and entertainment venues on the horizon. Notable brands such as Costco, Target, and Total Wine & More have already committed to opening locations in Buckeye.
Local Favorites: The city’s retail survey highlights the community’s top choices for shopping and dining, including Raising Cane’s, First Watch, and Shake Shack. This engagement ensures that development aligns with residents’ preferences.
Infrastructure and Connectivity
Buckeye’s strategic location and robust transportation network make it an attractive destination for businesses and residents alike. Key infrastructure includes:
Major Highways: Interstates 10 and 85, along with future routes like Interstate 11, connect Buckeye to major markets in Arizona and beyond.
Airports: Proximity to Buckeye Municipal Airport, Phoenix-Goodyear Airport, and Sky Harbor International Airport ensures seamless logistics and travel.
Rail Access: With 16 miles of Union Pacific Railroad, Buckeye is well-equipped to support industries reliant on freight and distribution.
Key Industries and Employment Opportunities
Buckeye’s economic strategy focuses on fostering growth in several high-potential industries:
Healthcare: Projects like the Buckeye Medical Plaza and expansions by Banner Health and Abrazo Health are addressing the city’s healthcare needs while creating jobs.
Retail and Services: Over 1.3 million square feet of active retail development by 2025 highlights the city’s focus on consumer-driven growth.
Advanced Manufacturing and Logistics: Buckeye’s industrial zones, including the I-10 Perryville and Miller districts, are hubs for logistics, distribution, and energy projects, supporting thousands of jobs.
Education and Workforce Development: Partnerships with West-MEC and Estrella Mountain Community College are preparing Buckeye’s workforce for emerging industries.
Competitive Advantages
Buckeye’s economic success is fueled by several competitive advantages:
Business-Friendly Environment: Incentives such as sales tax exemptions for manufacturers, opportunity zones, and a Downtown Incentive District make Buckeye an ideal location for businesses.
Lower Operating Costs: Businesses benefit from reduced expenses compared to other cities in the region, enabling growth and profitability.
Training Programs: Workforce development initiatives ensure a skilled labor pool, attracting top employers like Amazon, ExxonMobil, and Ross Dress for Less.
A Vision for the Future
The city’s ambitious plans, such as The Landing Special Area Plan, aim to create vibrant, walkable communities that blend retail, residential, and entertainment spaces. By integrating modern urban planning with Buckeye’s unique character, these developments will enhance the quality of life for residents while attracting new businesses.
Conclusion
Buckeye, Arizona, is a city on the rise. Its rapid population growth, strategic infrastructure, and business-friendly environment make it a beacon of economic opportunity in the West Valley. Whether you’re a resident, investor, or entrepreneur, Buckeye’s story is one of transformation and limitless potential. As the city continues to expand, it’s clear that Buckeye is not just growing—it’s thriving.