Services, Services, Services
Every year the East Valley Tribune publishes a list of the 40 largest employers in the east valley. The list is reflective of the US economy as a whole - it is dominated by service providers. Even the few manufacturing companies listed provide a number of services to their customers. Retail, financial and heathcare services are the largest. Additional services include transportation, travel, communications and IT.
1. Intel East Valley employees: 10,100 Local address: 5000 W. Chandler Blvd., Chandler Headquarters: Santa Clara, Calif. What it does: World’s largest semiconductor company operates two major manufacturing and research complexes in Chandler.
2. Wells Fargo East Valley employees: 7,228 Local address: 100 W. Washington St., Phoenix Headquarters: San Francisco What it does: Financial services. East Valley presence includes community banking and Wells Fargo Financial and Wells Fargo Home Mortgage branches. It also has several operations and processing centers in the East Valley.
3. Banner Health East Valley employees: 7,100 Local address: 1441 N. 12th St., Phoenix Headquarters: Phoenix What it does: East Valley operations include Banner Desert Medical Center, Banner Children’s Hospital at Banner Desert, Banner Baywood Medical Center, Banner Baywood Heart Hospital, Banner Home Care and Hospice and Banner Behavioral Health Hospital in Scottsdale. It will close Banner Mesa Medical Center and open Banner Gateway Medical Center at Higley Road and U.S. 60 this year.
4. Wal-Mart East Valley employees: 6,200 Local Address: Multiple locations Headquarters: Bentonville, Ark. What it does: World’s largest discount retailer.
80% of the US economy is services, and it continues to grow.
Labels: macroeconomics, microeconomics
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