HOT TOPICS

Downtown Phoenix’s Anhelo Moves to New Scottsdale Location
Anhelo, the fine-dining restaurant initially opened in downtown Phoenix, has found a new home in Old Town Scottsdale. Anhelo opened its new location at 7007 E. 1st Ave. “When the opportunity arose for us to bring Anhelo to Scottsdale, I wanted to recreate what I had originally developed in downtown Phoenix but with a new direction more suited for the Old Town … [More]

New Zoning Ordinance Addresses Data Center Concerns
The Phoenix Mayor and City Council approved updates to modernize the City's Zoning Ordinance to add data centers as a permitted use that must address health and safety concerns when applying for a special permit for construction. As Phoenix continues to flourish as a hub for high-tech jobs and industry, these updates establish requirements and a framework to address … [More]

APS Partnership Launches Battery Storage Project
Recurrent Energy, a subsidiary of Canadian Solar Inc. , and a leading global developer, owner, and operator of solar and energy storage assets, announced that the 1,200 MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state's largest electric … [More]

AZ Blue Donates $80K to Support U of A Health Student Training
Ten students are getting a closer look at how care works beyond the clinic – thanks to an $80,000 gift from Blue Cross Blue Shield of Arizona Health Choice. The gift supports the Bridge Fellowship Program offered through the Mel and Enid Zuckerman College of Public Health at the University of Arizona Health Sciences. This program helps students learn how public … [More]

Groundbreaking Ag-to-Urban Water Law Promotes Sustainable Growth for Metro Phoenix Developers
Arizona Water Company celebrates Governor Katie Hobbs' signing of the groundbreaking ag-to-urban water legislation, marking a pivotal moment in Arizona's approach to sustainable water management and long-term water security. The newly-signed Senate Bill 1611 was crafted as a result of more than two years of bipartisan negotiations with farmers, homebuilders, … [More]

How Does Tariff Policy Impact Corporate Decision Making?
Earlier this year, President Trump announced a plan to enact tariffs “on nearly every country on Earth.” Although tariff negotiations continue, they will soon be enacted in the U.S. on products made in most other countries. The first question many in corporate leadership ponder is whether sales taxes are due on the amount a tariff adds to a product or the component … [More]
TOP STORIES

TSMC Arizona Sees Leadership Transition amid U.S. Expansion
Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, announced a significant leadership change at its key U.S. subsidiary, TSMC Arizona Corporation. This development comes as the company continues to advance its ambitious manufacturing presence in the United States. Effective July 1, 2025, Rick Cassidy stepped down from his roles as a … [More]

Microchip Names Longtime Leader as Permanent CEO
Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, announced that Steve Sanghi has agreed to continue to serve as the company’s Chief Executive Officer and President on a permanent basis. Mr. Sanghi had been serving in such roles on an interim basis since November 2024. Mr. Sanghi will also continue to … [More]

Job Openings Remain a Challenge for Main Street in June
NFIB’s June jobs report found that 36% (seasonally adjusted) of small business owners reported job openings they could not fill in June, up two points from May. “Despite the slowing labor market, many small business owners are still looking to attract applicants and hire for their open positions,” said Chief Economist Bill Dunkelberg. “Compensation pressures remain … [More]

Tech-Centric Public Relations Co. Acquired by California Communications Firm
Leading California communications firm Southwest Strategies Group announced the acquisition of Kiterocket, one of the nation’s leading public relations agencies for emerging technologies, semiconductors, renewable energy and sustainability. “Kiterocket’s client-centric philosophy and commitment to investing in their team align with our core values,” said Southwest … [More]
FEATURED STORIES

Inventory Stagnates as Phoenix Condo Sales Slide More Than 30%
The median U.S. condo sale price fell 2.2% year over year to $354,100 in May—the second largest drop in records dating back to 2012. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The only time condo prices posted a larger year-over-year decline was in April 2023 (-2.9%), and that was largely because roughly one year … [More]

Q1 Arizona Economic Insights Findings Released, Likely Higher Risks Seen for Q2
The Greater Phoenix Chamber and BOK Financial have released the First Quarter Arizona Economic Insights Dashboard findings. This enhanced tool provides access to real-time, interactive data updates on Arizona’s ever-changing economic landscape. The public can access detailed insights into key indicators such as unemployment, GDP, job projections, population changes, … [More]

10 Hottest U.S. New Home Markets Revealed, Metro Phoenix High on List
Since 2005, Zonda's BUILDER has revealed the largest U.S. new-home markets through its Local Leaders list, which includes the top 10 builders within each. BUILDER's 50 hottest home building markets in 2025 went live. This year the list is dominated by Texas, Arizona, Georgia, and Florida in the top eight spots. The Sunbelt continues to have a strong presence on Local … [More]
LATEST ISSUE

May 2025 Guest Editor: Martha dePlazaola Abbott, Gensler
Office Transformation As the office landscape has permanently changed, the perception of work has changed along with it. Today’s modern office is considered a “lifestyle,” an experience that supports a myriad of workspaces that not only inspire and attract incredible talent but compel them to stay. There is no question that, ultimately, we come to the office to … [More]

Building Arizona: Critical Strengths and Challenges in Our Housing Market
Metro Phoenix is the No. 3 housing market in the United States, according to Greg Vogel, founder and CEO of Land Advisors Organization, who cites data from the U.S. Census Bureau showing single-family and multifamily permits totaled 45,000 for the 12 months through September 2024. Says Laura Ortiz, president of Evergreen Devco, “Demand, from a national perspective, … [More]
LIVE AND LEARN

6 Downtown Phoenix Buildings to Celebrate during Historic Preservation Month
In a city that’s booming with new developments, the historic places and spaces that are dotted throughout our streets can elicit a sense of mystery, awe and curiosity about days gone by. Downtown Phoenix may be considered a young city, but it’s also home to a number of historic buildings that add character to our streets, and give a glimpse into what life … [More]

Mad Hatter the Musical Premiers This Weekend
Long before Alice, there was the notorious Mad Hatter. Discover the tumultuous tale of his haunting backstory and follow his path to Wonderland, where the secrets of his transformation await in this spellbinding new musical. Audiences at the Herberger Theater Center will be the first to experience this vivid new musical production of Mad Hatter The Musical, which … [More]

THE MOORS at Estrella Mountain Community College Performing Arts Center
Inspired by the letters of Charlotte Brontë, this dark comedy about love, desperation, and visibility features two sisters and a dog living out their lives on the bleak English moors, until the arrival of a hapless governess and a moor-hen set them on a strange and dangerous path. Contemporary Queer playwright Jen Silverman has brilliantly crafted characters who each … [More]
PHILANTHROPY

Credit Union Invests $130K in Grants to Strengthen Arizona’s Workforce and Entrepreneurial Ecosystem
OneAZ Credit Union is proud to announce $130,000 in Legacy Grants awarded to three dynamic Arizona nonprofits — JobPath, Change Labs, and Startup Tucson — all dedicated to … [More]

Construction Co. Commits $150K to Two Arizona Nonprofits
McCarthy Building Companies Inc., through its philanthropic community impact program, Heart Hats®, recently named two Arizona charities, Ryan House and Arizona Bleeding Disorders, … [More]

Phoenix Children’s Celebrates $500K Pledge from Over Easy
Phoenix Children’s celebrated the partnership from popular local eatery Over Easy by officially naming the “Makers Corner” inside The Zone following the concept’s generous $500,000 … [More]
POSITIONS

El Mirage Mayor Named MAG Chair
El Mirage Mayor Alexis Hermosillo was elected as chair of the Maricopa Association of Governments (MAG) Regional Council during the agency’s annual meeting. As the agency’s new … [More]

SmartRent Names Yet Another CEO
SmartRent Inc., the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the appointment of Frank Martell … [More]

Community Bank Names Regional President for Arizona and New Mexico
Sunflower Bank is pleased to announce that Josh Wilson has joined the bank as Regional President for Arizona and New Mexico. In this role, Wilson has oversight of local leadership … [More]
ACHIEVEMENTS

Chamber Announces Recipients for 2025 Excellence in Business Awards
The Greater Phoenix Chamber has selected five Business of the Year recipients for its inaugural Excellence in Business Awards (formerly the IMPACT Awards), which recognize … [More]

Arizona Wins Fifth Consecutive Award Recognizing Best-in-Class Economic Momentum
In recognition of yet another banner year for economic development wins, Arizona today received a prestigious “Gold Shovel” award from Area Development Magazine in the 5-8 million … [More]

Chandler-Based Aviation Supply Co. Celebrates Quarter Century of Growth
AvAir, an inventory solutions provider for the aviation aftermarket, is celebrating its 25th anniversary. From modest beginnings, AvAir has expanded into an industry … [More]