Scottsdale Chamber Launches New Website, Improves Access to Member Services

inbusinessPHX.com

As part of our 75th Anniversary celebration, the Scottsdale Area Chamber of Commerce, in conjunction with our partners at Digital Saints, announce the launch of our new website. The goal of the new site is to improve access to member services and information while also modernizing the platform and raising the site’s online profile. The new, member-focused website is … [More]

SBA Awards Record-Breaking $154.2B in Contracting to Small Businesses

U.S. Small Business Administration

The U.S. Small Business Administration (SBA) announced that the Biden-Harris Administration exceeded its small business federal contracting goal, awarding 27.2 percent or $154.2 billion in federal contract dollars to small businesses, an $8 billion increase from the previous fiscal year. The share of contracts going to small businesses equates to 27.2 percent of total federal … [More]

Hotels’ Recovery Continues, Workforce Challenges Remain

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Midway through 2022, the hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year, according to the American Hotel & Lodging Association (AHLA)’s 2022 Midyear State of the Hotel Industry Report. Hotel room revenue is projected to surpass $188 billion … [More]

Next Major Metro Phoenix Development Is Virgin Industrial Park

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Boutique commercial real estate company IndiCap continues its formidable metro Phoenix industrial development push with the announcement of Virgin Industrial Park, which it will develop in partnership with Invesco. At build-out, the two-phase, 110-acre Class A development will total more than 1.5 million square feet in five buildings. It will also bring IndiCap’s local … [More]

Utah Construction Co. Opens Heavy Industrial Office in Tempe

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Big-D Companies headquartered in Salt Lake City, Utah launches an industrial division in the Grand Canyon State. Already 14 offices in eight states, Big-D Industrial is the 15th office for the company and the second one in Tempe, Arizona. The new industrial office will focus heavily on building for the mining industry where opportunity is soaring. “As the transition to … [More]

Gilbert’s Dining Scene Welcomes Local Craft Cidery

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Cider Corps is officially joining the Gilbert food and dining scene on Friday when it cuts the ribbon on its second taproom and new production facility. Gilbert Mayor Brigette Peterson will join Cider Corps co-owners and brothers Josh & Jason Duren on Friday, July 29 at 3:30 p.m. in welcoming the veteran-owned craft cidery to the town. Located at 685 S. Gilbert Rd., the … [More]

Phoenix-Based Universal Solar to Open Factory in Panama

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Universal Solar is opening a solar photovoltaic (PV) module manufacturing facility in Panama to supply U.S. and global solar developers and installers, and address challenges in the solar industry, Chief Executive Officer and Founder John Bereckis announced today. "Modules made in the Americas will bypass many of the constraints afflicting the U.S. solar … [More]

Kierland ‘Mid-Rise-Spa-Centric’ Residences Begin Leasing

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LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of leasing at Residences Kierland, a mid-rise spa-centric community in Scottsdale's burgeoning Kierland neighborhood. The 290-home community includes a mix of apartment homes, penthouses and townhomes, and features a relaxing luxury … [More]

Corporate Interior Systems Acquires digg by The Berg Group

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The Berg Group, a  based in the upper Midwest and Phoenix, has acquired digg (Design-Integrate-Go-Grow), the interior construction division of Corporate Interior Systems (CIS). "CIS is excited to announce this acquisition with a strategic alliance to transition future DIRTT opportunities and projects to The Berg Group from digg," stated Lisa Johnson, President … [More]

Pandemic Homebuying Hotspots with Steep Price Increases (Like Phoenix) Most Susceptible to Housing Downturn in a Recession

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Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession. This is according to a new report from Redfin, the technology-powered real estate brokerage, which also found that relatively affordable northern metros are … [More]

Phoenix Named 7th Best Place to Buy a Vacation Home for 2022

inbusinessPHX.com

Vacasa, North America’s leading vacation rental management platform, released its fifth annual Top 25 Best Places to Buy a Vacation Home report. Each year, the company ranks its top 25 markets* to purchase a vacation home based on capitalization (cap) rate, or rate of return on your investment. The report ranking also factors key data points, including median home sale price … [More]

ACA Awards $1.6M to Arizona WearTech Applied Research Center

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The Partnership for Economic Innovation (PEI), a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities, announced that the Arizona Commerce Authority had awarded $1.6 million to support 8 new applied research projects through its WearTech Applied Research Center. State funding matches private and nonstate funds … [More]

Investment Group Acquires 29-Unit Apartment in Central Phoenix

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Rise Invest acquired the apartment community known as Lofts on 3rd located at 1401 N 3rd Street in Phoenix, AZ. Lofts on 3rd was recently renovated in 2019 and consists of 14 1x1 units, 14 2x2, units (twelve of which are loft style), and one penthouse unit. The property is located just north of I-10, near the heart of downtown Phoenix and is just a 5-10 minute walk from … [More]

Phoenix & Maricopa Community Colleges Launch New Partnership Program to Kick-Start Workforce Development

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Phoenix Mayor Kate Gallego and Dr. Steven R. Gonzales, Interim Chancellor of the Maricopa Community Colleges announced the official launch of a new partnership called “Route to Relief.” The new program, supported by the City’s federal pandemic relief dollars, provides free tuition, monthly stipends and employment assistance in eligible programs across the 10 Maricopa Community … [More]

Business Roadmap Series Comes Back for Arizona Entrepreneurs (En Negocios)

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Calling those that are ready to start a business in Phoenix! Phoenix Public Library’s StartUpPHX is excited to announce the return of its premiere Business Roadmap Series, offered in both English (Business Roadmap) and Spanish (Mapa Para Su Negocio). An 8-session series, this signature program helps Arizona entrepreneurs with specialized expertise in legal issues, target … [More]

SRP Accepting Applications from Valley Nonprofits Interested in Receiving a Free Solar System

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Salt River Project is inviting qualifying Valley nonprofit organizations to apply for the chance to receive a solar system providing renewable energy and covered parking provided by the SRP Solar for Nonprofits program. The application period is currently open and runs through August 14. The Solar for Nonprofits program is funded by customers who contribute as little as $3 a … [More]

May Event Wagering Sees a Record Level of Privilege Fees to State

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Arizona event wagering figures continued to look strong during the month of May. According to a new report by the Arizona Department of Gaming, the state saw a record $4.1 million in privilege fees during the month. “The newly emerging event wagering industry in Arizona continues to impress, with over $460 million wagered and over $4 million in privilege fees in the month of … [More]

Phoenix Named an All-America City 2022

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​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ The National Civic League and the Campaign for Grade-Level Reading named the City of Phoenix as winner of the 2022 All-America City Award (AAC). This year's theme was, “Housing as a Platform to Promote Early School Success and Equitable Learning Recovery." The City's commitment to improving digital … [More]

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