The suburban community of Goodyear was actually formed by the Goodyear Tire & Rubber Company in 1916. The company was interested in this area for the production of cotton used in tire cords. The establishment of the US Naval air station in Goodyear spurred the development of Goodyear Aircraft, a manufacturing plant for Navy seaplane flight decks. The former Goodyear Aircraft is today's Lockheed Martin, still one of the community's largest employers. With the strength of its leading-edge aerospace activity, food processing plants, and close proximity to important California markets, Goodyear benefits from a vital local economy.

The popularity of the Southwest Valley for new-home construction has expanded the quality of residential development. Goodyear civic planners are committed to developing neighborhoods which are solidly built and residents have access to cultural and recreational amenities. Other priorities are aesthetic appeal and the preservation of open space. The award-winning, master-planned communities in this area such as Estrella Mountain Ranch are attracting the lion's share of new homebuyers. Estrella Mountain Ranch hosts the Cool Desert Jazz Festival each fall, while the Phoenix Symphony Pops Concerts entertain large crowds in the springtime. Residents enjoy a farmer's market, the annual Pumpkin Festival, an Easter egg hunt, and the unique activities of Duncan Family Farms. Many of the Goodyear area's special events are either sponsored by or supported by the active West Valley Fine Arts Council.

Outdoor attractions include the Estrella Mountain Regional Park for fine golfing, camping, horseback riding, hiking, and picnicking. White Tanks Regional Park, Phoenix International Raceway, and a wide variety of exceptional golf courses add to the quality of life for Goodyear residents and draw visitors from across the Valley. Bisected by Interstate 10, the city offers an accessible yet tranquil location just minutes from the cultural venues and professional sports stadiums of downtown Phoenix.