Following a meeting at the White House, TSMC Chairman and CEO C.C. Wei announced a historic expansion of TSMC’s advanced semiconductor operations in Arizona. TSMC will invest at least an additional $100 billion to build three additional semiconductor fabs in Arizona as well as two advanced packaging facilities and a major R&D Center. The investment comes in addition to … [More]
Industry Veteran Brings 30 Years of Experience to Lead ABA’s Growth and Innovation
The Arizona Builders Alliance (ABA), a leading trade association for contractors in Arizona, announces Mark Stoller as its new Board Chairman for 2025. Stoller, currently the General Manager Southwest Division for GrayWolf, brings over 30 years of construction industry experience to this pivotal role. Stoller's appointment marks a significant milestone for the ABA, … [More]
Consumer Protection Week 2025: How to Protect Your Finances, Data and Sanity
In recognition of National Consumer Protection Week 2025, the PIRG Education Fund has created consumer protection tips and tools to help Arizonans address a wide range of common issues. Diane E. Brown, Executive Director of the Arizona PIRG Education Fund, stated, “As consumers, we have a lot of plates to keep spinning: Making sure our information is safe. Finding a better … [More]
Chandler’s $44.6 Million Reclaimed Water Interconnect Facility Completed
General contractor McCarthy Building Companies recently completed the $44.6 million Reclaimed Water Interconnect Facility (RWIF) for the City of Chandler. The facility treats water from the Salt, Verde and Colorado rivers and utilizes Chandler’s reclaimed water distribution system for delivery to several aquifer recharge sites owned by the city. The RWIF project is a membrane … [More]
Rapidly Growing Sub Shop Launches Third Scottsdale Location
Cheba Hut, the counter-culture-themed sandwich shop known for its ‘toasted subs’ and laid-back atmosphere, is opening a new location at 8776 E Shea Blvd, Suite 100, in Scottsdale on March 10. Located at the corner of 101 and Shea, the new shop is the brand’s 11th location in Arizona – and its 77th systemwide. This will be the second Cheba Hut location for franchisees … [More]
Resort Developer Taps Internationally Acclaimed Architecture Firm for Scottsdale Luxury Residences
Replay Destinations, a leading developer of premier destination resort and residential communities, announced today its partnership with world-renowned architectural firm Olson Kundig on the final phase within Ascent at The Phoenician®—Summit by Olson Kundig—marking the firm’s inaugural condominium residential project in Arizona. Tucked at the base of Camelback Mountain and … [More]
TSMC Intends to Expand Its Investment in the U.S. to $165 Billion to Power the Future of AI
TSMC announced its intention to expand its investment in advanced semiconductor manufacturing in the United States by an additional $100 billion. Building on the company’s ongoing $65 billion investment in its advanced semiconductor manufacturing operations in Phoenix, TSMC’s total investment in the U.S. is expected to reach $165 billion. The expansion includes plans for three … [More]
Mayo Clinic Announces Transformative $1.9B Investment in Arizona, Reimagining Healthcare
Mayo Clinic announced a nearly $1.9 billion investment in the continued transformation of its Phoenix campus as part of its Bold. Forward. strategy to Cure, Connect and Transform healthcare for the benefit of patients everywhere. Bold. Forward. Unbound. in Arizona will enable new innovative care concepts, physical spaces and integrated technologies to create seamless care … [More]
5 Ways You Can Use AI Hiring Tools and Avoid Legal Trouble
Current estimates show that around 50% of companies now use AI tools for recruitment and hiring. However, the wild west of AI usage will soon come under legal wrangling. Earlier this month, an applicant in a groundbreaking AI bias lawsuit (Mobley v. Workday, Inc.) requested the court’s approval of a nationwide class of potential plaintiffs. “Derek Mobley’s case against … [More]
Employee Benefits Co. Recognized as Blue Zones Approved Worksite
Benefit Commerce Group, an Alera Group company, is proud to announce that the company has been officially recognized as a Blue Zones Approved Worksite by the Blue Zones Project Scottsdale. This prestigious designation is awarded to employers who demonstrate a commitment to promoting health, happiness, and longevity among their workforce. In celebration of this achievement, … [More]
City Launches New Tool for Finding Parking in Downtown Phoenix
The City of Phoenix has launched a new tool to help Phoenix guests and residents easily find parking when visiting downtown Phoenix. ParkPHX, a web-based application, is designed to provide easy access to information on all public parking facilities in one convenient location—helping users find parking based on what matters most to them, from cost to electric vehicle charging … [More]
SRP Board of Directors Approves Pricing Proposal
New Pricing Effective in November
The Salt River Project’s (SRP) publicly elected Board of Directors today approved SRP management’s amended pricing proposal that will, among other things, support ongoing system reliability, expand low-income bill assistance, and provide super off-peak pricing that takes advantage of abundant low-cost, low-carbon utility scale solar. The SRP Board of Directors last approved … [More]
Entertainment and Dining Co. Becomes Naming Rights Partner at Phoenix Raceway
Phoenix Raceway announced that Dave & Buster’s will carry naming rights for the Dave & Buster’s Gamer Garage, located in the infield connected to the NASCAR Cup Series Garage adjacent to the track’s dogleg. “Dave & Buster’s exemplifies the fun that is offered at Phoenix Raceway,” said Phoenix Raceway President Latasha Causey. “Their top-notch entertainment … [More]
Phoenix Office Market Posts Increased Absorption and Vacancy Decrease
2024 Brought Lowest Level of Office Deliveries in 10+ Years
The Greater Phoenix office market posted its highest net absorption in two and a half years, as well as a decrease in vacancy, according to a report released by Colliers. The Southwest city's decreased construction activity added the lowest level of new office inventory in more than 10 years. Net absorption during the last three months of 2024 was stimulated by owner user … [More]
Grant for Children’s Museum to Bring New Signature Exhibit, Expansion
The Children’s Museum of Phoenix has received a landmark $2.5 million grant from Lilly Endowment Inc., marking the largest single gift in the Museum’s history. The Museum will use the grant to establish a new character-focused signature exhibit and enhance several existing exhibits, incorporating opportunities to foster positive character development among children. Building … [More]
Phoenix Debuts New Mobile Career Unit
The City of Phoenix premiered its new Mobile Career Unit (MCU) on Wednesday, with a ribbon-cutting celebration at Cesar Chavez Library. The state-of-the-art, 38-foot-long RV is designed to connect employers with residents seeking job opportunities. One of the key features of the MCU is that it is fully equipped with technology that provides hands-on resources to support job … [More]
Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in over 2 Months
The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Mortgage rates have declined to their lowest level in more than two months, dipping from 7.13% to 6.78% in the last two weeks alone and upping … [More]
USA TODAY Honors Phoenix’s Own Community and Economic Development Director
In celebration of Women’s History Month, USA TODAY will again be honoring exceptional women across the country with their 4th annual 2025 USA TODAY Women of the Year. This year, USA TODAY is honoring Phoenix’s own Community and Economic Development director, Christine Mackay. For almost a decade, Christine has played a key role in attracting business, boosting the economy and … [More]
