The U.S. Department of Agriculture and the Southwest Regional Food Business Center announced that three Arizona projects were selected for funding for the first round of the Business Builder Award Program, created to build the capacity of small and mid-sized farms and food businesses. Between 2025-2027, the SWRFBC has committed to distributing $4.1 million in awards across … [More]
Uber’s $300M Lucid Investment Confirms Phoenix-Built Robotaxis
Lucid Group, Inc., maker of advanced electric vehicles, announced the closing of a $300 million investment in the company by Uber Technologies, Inc. The strategic investment was made as part of the next-generation premium global robotaxi program announced in July. The robotaxi, which will utilize Lucid's electric vehicle technology platform, is planned to be built at … [More]
Valley Renewable Developer Lands $250M, Bringing Two-Year Financing Stack to $4.5B
Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, announced it has secured a $250 million tax equity commitment from Wells Fargo Bank, N.A. for Arevon's two-phase 430 megawatt Kelso Solar Project in Scott County, Missouri. The transaction brings Arevon's aggregate solar and energy storage project financings to $4.5 billion executed within the last … [More]
Mesa AV Integration Co. Acquired by Industry Giant
AVI-SPL, a provider of digital enablement solutions, announced the acquisition of CCS Presentation Systems Southwest, an audio-visual design and systems integration firm headquartered in Mesa, Arizona. CCS has a rich, 34-year history of expertly serving customers in the Arizona market with a focus on continuously optimizing communications and collaboration solutions for the … [More]
Scottsdale Travel Agency to be Acquired in $125M Deal
TBO, based in Gurugram, India, announced its agreement to acquire US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies, for an estimated total purchase of up to $125 million. The acquisition brings together the power of TBO's first-class technology platform and worldwide inventory with Classic Vacation's vast network of luxury travel advisors … [More]
Fast-Growing Valley Coffee Co. Announces IPO
Black Rock Coffee Bar, Inc. announced the launch of the initial public offering of 14,705,882 shares of its Class A common stock. The initial public offering price is currently expected to be between $16.00 and $18.00 per share. Black Rock Coffee Bar expects to grant the underwriters a 30-day option to purchase up to an additional 2,205,882 shares of its Class A common stock at … [More]
Headquartering Here: Benefits of Having Your Business in Arizona
“Some of the most prominent companies in the world have chosen Greater Phoenix as a headquarters location. From direct economic contribution and job creation to advancements in technology and healthcare, these companies are integral to Greater Phoenix’s quality of life and economic opportunity,” says Chris Camacho, president and CEO of Greater Phoenix Economic … [More]
Looking Good 2025 – September Standouts
ACHIEVEMENTS James Agency One of Inc.’s Best Workplaces Nonnie Shivers Named CLEL Fellow Kristen Rosati Awarded Top Honor in Health Law PHILANTHROPY 3-Year Grants from McCarthy Building Companies Delta Dental of Arizona Supports Community OneAZ Credit Union Grants Strengthen AZ’s Workforce … [More]
Tempe Packaging Firm Expands Footprint and Capabilities with Phoenix Acquisition
Foam Packaging Specialties, LLC, has acquired Advanced Packaging Specialties Inc., a Phoenix-based company known for its box design, manufacturing and packaging distribution. The acquisition expands Foam Packaging Specialties’ offerings to include complete packaging systems such as custom foam inserts, corrugated boxes and shipping materials, provided through the new brand, … [More]
Scottsdale Telecom Co. Expands Services Portfolio Nationally
Saddleback Communications, a provider of highly reliable fiber-based voice, internet, and cloud communications services, announced it has expanded its services portfolio and extended its coverage area. The company now delivers advanced technology solutions to business customers with locations across the country. With its advanced solutions and nationwide reach, Saddleback … [More]
Fintech Company Behind Square, CashApp, Expands to Biltmore Hub
Block, Inc. announced the opening of its new office at The Bond in Phoenix. The strategic location, situated in Phoenix's emerging tech and innovation district, will serve as a collaborative hub for Block's growing field sales teams and a center for local business engagement. The new space features a product demo lab and 50 flexible workstations, designed to support various … [More]
Phoenix-Headquartered Tech Firm Expands, Launching Industrial AI Hub in Abu Dhabi
Cognite, a global player in industrial AI, announced it will incorporate a new entity in Abu Dhabi. This strategic expansion is designed to meet the growing demand for industrial digitalization among the region's largest energy and manufacturing companies and accelerate the adoption of industrial AI at scale. By establishing a local center for expertise, technology, and … [More]
Phoenix-Based Water Treatment Co. Acquired by Specialty Chemicals Manufacturer
Rochester Midland Corporation, a leading provider of route-based, technical services and specialty chemical products across water treatment, food safety and other verticals, announced that it has acquired Decon Water Technologies, LLC, a water treatment service provider based in Phoenix, AZ. With over 30 years of expertise, Decon offers customized water treatment programs … [More]
Arizona’s First Indoor Padel Club Brings Brewery and Wellness Hub
Padeland, a first-of-its-kind indoor destination fusing padel, pickleball, wellness and hospitality, is set to open in Chandler in late 2025, bringing a fresh spin to the state’s sports and social scene. The 35,000+ square-foot facility blends professional-grade indoor courts with lifestyle-forward amenities, all designed for activity, connection and … [More]
100,000 SF Flight Training Facility Set for Gateway Airport
FlightSafety International, a global leader in aviation training, has announced the expansion of its operations in Arizona with the construction of a new 100,000-square-foot Learning Center in Mesa. This expansion is part of FlightSafetys broader growth strategy, building on the company's long-standing presence in the state through its Tucson Learning Center, and adds to its … [More]
Valley Ad Firm Continues Acquisition Blitz with California Outdoor Media Co.
Harkey Media, an innovative out-of-home advertising company in the United States, announced the acquisition of Mesa Outdoor, a leading independent OOH operator in the San Francisco Bay Area. This strategic acquisition expands Harkey Media’s footprint in Northern California, one of the nation’s most dynamic media markets, further strengthening its position as a top-tier … [More]
Phoenix AI Video Analysis Co. Secures $199M Air Force Contract
PureTech Systems, a leader in AI-boosted geospatial video analytics and command-and-control solutions, announced its role in a joint effort with Clear Align to deliver a rapidly deployable perimeter security solution for the U.S. Air Force’s Tactical Security System (TSS). Awarded under a seven-year, $199 million contract, this modular, scalable system is designed to enhance … [More]
Fast-Growing Valley Coffee Co. Files Proposed IPO
Black Rock Coffee Bar, Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market and … [More]
