Obama wants Intel to be role model for other businesses - CBS 5 - KPHO

Obama wants Intel to be role model for other businesses

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CHANDLER, AZ (CBS5) -

One of the big messages President Barack Obama stressed during his visit to Arizona Wednesday was the importance of creating jobs and getting big companies to start expanding in the U.S.

The Intel Corporation is doing both.

Terri Kimble is president of the Chandler Chamber of Commerce.

She said that Obama chose to visit Intel and the East Valley to show how government and  private business can work together to create jobs and improve the economy.

"Chandler is the shining star of the nation right now," said Kimble. "We need to capitalize on this because we are serious here in Arizona about doing business and creating a climate that is business friendly."

Intel recently started construction on a $5 billion expansion project at its Chandler manufacturing plant.

The construction project alone will create 5,000 jobs, which will lead to 1,000 permanent positions, city officials said.

And the job growth doesn't stop there. A number of other businesses connected to Intel are benefiting as well.

Richard Jordan is site manager of a company called Air Products.

"Our current facility is going to just about double in size just to keep up with the demand," said Jordan. "That adds jobs to our company, as well as jobs in construction and manufacturing."

ASU professor Dennis Hoffman, with the W.P Carey School of Business, said that the president is using Intel as a role model to stop businesses from outsourcing jobs overseas.

"It really makes sense to think about putting Intel out there as an example to companies, to try and encourage other companies to retain the work force in the U.S.," said Hoffman.

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