Before you invest in a piece of Chandler real estate, you probably want to have an idea about what the future holds for this town in Arizona. After all, a little bit of research will show you that next to California, Arizona is the most likely place to make a lot of money if you are a bankruptcy attorney. Los Angeles, Modesto, Phoenix, Tempe, and similar cities tend to weather these economic storms better than others, though, and Chandler is not the exception.
Don't get us wrong, Chandler is feeling the economic pinch. Overall there has been negative job growth in the area since 2008, as an economy based largely on the spending habits of retirees has run into some trouble. As actively managed ETFs, retirement savings funds, and stocks have fallen, so too has the desire of the 55 and over crowd (big business in Arizona!) waned.
Fortunately, Chandler has diversified enough that this considerable concern has been absorbed a little bit by industries already in place. Let's take a look at some of the bright spots when it comes to Chandler's financial picture.
High Tech Reigns!
One of the ironies about today's recession is that the high technology companies have been islands of security in a sea of uncertainty. Unlike a decade ago, when technology companies were the only ones going under, most existing companies today have a good foothold in their markets.
Chandler has certainly benefited from this, in the form of computer chip manufacturer Intel. Odds are that if you are reading this article right now, you are doing so with the assistance of a Pentium chip from this company. Known as a company with high net worth investments, Intel is incredibly stable. It's great for Chandler, as Intel runs four plants in the area.
The presence of Intel has served as a magnet for other high tech businesses, who also make Chandler their home. Some of the best home based business ideas in the area revolve around this high tech industry, so there's room for large and small companies alike.
While still on the subject of high tech, it's important to note that while jobs have been lost overall in the Chandler area, the high tech sector continues to employ more people. That's great news for those looking for long term stability in the region.
Retail
Chandler's second major business is the retail one. Located very close to both Phoenix and Tempe, the city seems to attract customers from both major cities. It might be easy access to the area's shopping corridors or a safer downtown environment. Whatever the reason, Chandler continues to grow in the retail area.
Tourism
And of course, you really can't beat Arizona when it comes to tourism. Chandler is no exception; thousands flock to the area each year for the world class golf, hiking trails, and other outdoor pursuits.
Despite the economic woes of the state, Chandler Arizona continues to be a magnet for people fleeing the cold winters of the north. That makes it an ideal place to make your own business cards and cater to a target demographic, if employment in the other areas of the city doesn't appeal to you!
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