A sign advertises Goodyear. The city ranked sixth in the U.S. in the rate of population growth last year, according to a Census Bureau report released on Thursday.

Goodyear Continues To See Exponential Growth

Goodyear is the next city destined for exponential economic growth in the Valley region. Many credit its potential due to its large amount of freeway frontage, its regional airport, and an abundance of available land. The city is a highly educated community, filled with residents who would rather work close to home than commute to Phoenix every day.

A new 2 million-square-foot building, planning to be built by Stream Data Centers, further cements the city’s position as an economic powerhouse. The company isn’t the first to choose Goodyear as an ideal place to host a new facility. Microsoft Corporation recently purchased land to build a new facility in the region. On Monday, Goodyear City Council voted unanimously to approve an accelerated construction schedule for a Microsoft project. The developer agreement will allow the tech company to begin construction on the 279 acres in the city before completing some of the usual requirements.

Goodyear also has a growing industrial area that has become the home of Dick’s Sporting Goods, REI, Chewy warehouses. The Estrella Falls shopping mall is rumored to open soon, as well.

Goodyear began its period of growth when Cancer Treatment Centers of America built its hospital on I-10. At the time, the facility was going to be built in Phoenix. The new hospital marked the beginning of exponential growth for the area, growth that hasn’t slowed down since.