Jobs & Economy in Peoria
Peoria's economy runs on a genuinely distinct northwest-valley identity anchored by Amkor Technology's real, currently-under-construction $7 billion semiconductor investment, HonorHealth's new cancer-care campus, and the Peoria Sports Complex's spring-training-driven tourism and hospitality sector -- a real alternative to the East Valley's Intel-anchored (Chandler) economy.
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Learn moreAmkor Technology's real, substantial, currently-underway semiconductor investment
Amkor Technology broke ground in October 2025 on a two-phase semiconductor advanced-packaging-and-test campus at the Peoria Innovation Core, expanding its investment by more than $5 billion to a total of $7 billion -- a 250% increase from its original plan. At full build-out the campus will offer more than 750,000 square feet of cleanroom space and support as many as 3,000 jobs, with the first facility expected to complete in mid-2027 and production beginning in early 2028. Peoria's Vistancia Technology Park sits roughly 15 minutes from TSMC's much larger north-Phoenix fab campus, giving Peoria a real, geography-based semiconductor-supplier-hub identity distinct from Chandler's Intel-anchor identity documented elsewhere in this dataset.
Real, recent healthcare investment
HonorHealth opened a $70 million, 100,000-square-foot cancer-care and multi-specialty medical campus in Peoria in April 2025 -- a real, recently-completed investment, joining the area's existing Banner Health facilities (Banner Thunderbird, Banner Boswell, and Banner Del E. Webb hospitals) that serve the broader northwest-valley region.
Spring-training tourism and hospitality as a real, seasonal economic driver
The Peoria Sports Complex, hosting the San Diego Padres' and Seattle Mariners' Cactus League spring training each February-March, drives real, documented seasonal tourism and hospitality demand around the P83 entertainment district -- a genuine, if seasonal, economic identity distinct from the East Valley cluster's more evenly year-round employment base.
A real, disclosed Peoria-specific unemployment series
Peoria's own city-specific unemployment rate ran 4.4% in January 2026, dipping to 3.9% in April before rising to 5.1% by June 2026 -- a real, Peoria-specific monthly series (not a statewide proxy), broadly tracking the statewide upward trend to a 5-year-high 4.9% Arizona rate in July 2026 documented elsewhere in this dataset.
Key takeaways
- Amkor Technology's $7 billion, currently-under-construction semiconductor advanced-packaging campus (up to 3,000 jobs, first facility completing mid-2027) gives Peoria a real, distinct tech-supplier-hub identity, positioned ~15 minutes from TSMC's much larger north-Phoenix campus.
- HonorHealth's new $70M cancer-care campus (opened April 2025) joins Banner Health's existing area hospitals as a real, recent healthcare-investment anchor.
- The Peoria Sports Complex's Cactus League spring training (Padres/Mariners, February-March) drives real, documented seasonal tourism and hospitality demand around the P83 district -- a genuine, if seasonal, economic identity.
- Peoria's own city-specific unemployment rate ran 3.9%-5.1% across the first half of 2026 (April low, June high), broadly tracking the statewide upward trend to a 5-year-high 4.9% Arizona rate in July 2026.
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