Michael Guymon President & CEO | Tucson Metro Chamber of Commerce
Michael Guymon President & CEO | Tucson Metro Chamber of Commerce
The Tucson Metro Chamber has emphasized the importance of attainable housing for Pima County's workforce and economic future. The challenge of finding affordable housing affects about one-fifth of the community, hindering professional development and local economic contribution.
Currently, many residents face difficult decisions between paying rent and investing in their futures. Nearly half of renters allocate more than 30% of their income to housing, which limits opportunities for education and savings. As a result, housing attainability is a significant concern for local employers who struggle with workforce retention due to rising living costs.
The impact of unattainable housing extends beyond financial strain. It creates educational barriers, as students may choose between rent and tuition payments, while working parents might delay further training due to high costs consuming their savings. Career growth is also affected as individuals are forced into multiple jobs, limiting time for professional advancement.
The generational impact is notable; parents struggling with housing expenses can limit their children's educational and career prospects. This may lead to early workforce entry or frequent relocations that disrupt education and community ties.
To address these issues, initiatives focusing on Pima County residents are essential. The Chamber supports policies aligned with the direction established by the City of Tucson and Pima County. Efforts include partnering with jurisdictions to streamline building regulations and develop zoning favorable to increased housing availability.
Public sector-supported initiatives like community-based housing developments aim to serve existing neighborhood residents, preserving affordable options and preventing displacement. Additionally, combining housing assistance with career development programs can stabilize families' situations while they build skills.
Stable, attainable housing enables community members to invest in education, start businesses serving local needs, engage in community life, build generational wealth through homeownership, and contribute skills to strengthen the economy.
For further information on workforce advocacy efforts by the Tucson Metro Chamber's team led by Frank Velasquez Jr., contact details are available on their website.