BNCCORP, INC. and its wholly owned subsidiary, BNC National Bank announced it has signed a definitive agreement to be acquired by OppFi Inc., a tech-enabled digital finance platform, in a cash and stock transaction valued at approximately $130 million. The transaction brings together two complementary, market-leading businesses, combining OppFi's sophisticated online lending … [More]
Arizona Cobalt Project Pens $850M Deal with Japanese Firm
EVelution Energy LLC, a U.S. critical minerals company developing the first commercial-scale cobalt metal and cobalt sulfate processing facility in the United States, announced the signing of a binding long-term offtake agreement with Mitsui & Co., Ltd., valued at approximately $850 million over the five-year term of the agreement. Under the terms of the agreement, … [More]
SBA Spotlights Arizona Small Business Leaders
In celebration of National Small Business Week, May 3-9, the U.S. Small Business Administration (SBA) is honoring nine Arizona small businesses and lending partners for their contributions to the economy during national and local award ceremonies. “National Small Business Week is a time to recognize the power of small business. We celebrate the dedication, leadership, and … [More]
Honeywell Expands Jet Engine Manufacturing Operations in Phoenix
Honeywell announced plans to expand manufacturing of its F124 jet engines at its Phoenix Engines campus by adding on-site assembly. The newly built Honeywell F124-GA-200 engines will power the Beechcraft M-346N candidate for the U.S. Navy Undergraduate Jet Training System (UJTS), which is expected to be contracted by the Navy in 2027. By adding engine manufacturing in … [More]
Manufacturing Technology Co. Debuts Technical Center in Phoenix
Manufacturing technology company Mazak Corporation will host its DISCOVER MORE WITH MAZAK Phoenix Grand Opening event April 28-29 at its new Mazak Phoenix Technical Center. Located at 2675 West Buckeye Rd. in Phoenix, Ariz., the new technical center provides service and support for manufacturers throughout the Western United States. The facility houses a call center, … [More]
Branding Push Seeks to Reframe National Perception of Greater Phoenix
The region of Greater Phoenix is in the midst of unprecedented growth, but a survey conducted by the Greater Phoenix Economic Council in 2025 displayed a discrepancy in activity compared to perception among CEOs and the general public across the country. About 45% of the people surveyed stated they were not familiar with the market. When asked for descriptors of Greater … [More]
East Valley Co. Prepares Launch of Massive Mining Wheel following Validation
After years of engineering development and large-scale field testing, Global Air Cylinder Wheels, the Phoenix-based innovator behind the patented Air Suspension Wheel, has reached a key milestone in its transition from research and development to commercial deployment for 2026, following successful extreme-condition validation trials in Minnesota mining operations. The … [More]
Chandler’s Downtown Ocotillo Unveils Three New Dining Concepts
A spring refresh is taking place at Downtown Ocotillo with the introduction of three new restaurants – Bonsai, Lucca Coastal Kitchen and Lucca Living Room. Spearheaded by Spike Lawrence Ventures, the mixed-used development features a diverse mix of entirely local establishments, including a wide array of food and beverage offerings, all of which are independent concepts … [More]
Supplement Manufacturer Acquires 70,000 SF Phoenix Facility
VitaWorks announced its acquisition of Phlex Nutritional Manufacturing, a 70,000-square-foot, state-of-the-art nutritional manufacturing facility located in Phoenix, Arizona. Originally built by the engineering team at All-Fill Machinery in Exton, Pennsylvania, the facility significantly expands VitaWorks' production capacity, technical capabilities, and national manufacturing … [More]
Beverage Distributor Opens 241,000 SF Mesa Facility
Swire Coca-Cola, USA — the bottler for Coca-Cola and other beverage brands across a 13-state region of the American West — has opened a new distribution facility in Mesa. The new facility will help meet rising demand in the fast-growing Phoenix metro area. Andrea Kendell, president and CEO of Swire Coca-Cola, USA, was joined by Mesa Vice Mayor Scott Somers for a … [More]
Old Town Scottsdale Hotel to Renovate Signature Lounge
W Scottsdale, located in the heart of the city’s vibrant Entertainment District, announced the renovation of its iconic Living Room, marking a major transformation of the space. Designed by MONOGRAM at BBGM, the reimagined Living Room draws inspiration from the natural rhythm of the surrounding Sonoran Desert, introducing a bold yet refined design narrative that transitions … [More]
SRP Brings 55 MW Solar Project Online
Salt River Project’s first owned and operated solar facility, the 55-megawatt (MW) Copper Crossing Energy and Research Center (CCERC) PV Solar Project, is now serving customers. In addition to providing enough solar energy to power 11,000 Arizona homes for a year, the CCERC PV Solar Project is helping SRP teams research the effectiveness of advanced solar technology. The … [More]
AI-Powered Wealth-Tech Firm Closes $65 Million Series B
Wealth.com, the AI-powered platform modernizing how wealth management firms deliver estate and tax planning, announced it has raised $65 million in an oversubscribed Series B round. New investors included Titanium Ventures, Pruven Capital, The K Fund and Dynasty Financial Partners, with participation from existing investors including Charles Schwab, GV, Citi Ventures, 53 … [More]
Arizona, Taiwan Investor Network Sign Deal to Expand Market Access
To strengthen economic and international ties between Arizona and Taiwan, Arizona will host a visiting delegation of 30 Taiwanese investors and higher education leaders representing sectors including semiconductors, medical biotechnology, aerospace, and artificial intelligence on April 13-17. Led by Johnny Tsai, President, Taiwan Aeon Corporation, the delegation will visit … [More]
Scottsdale Luxury Community Debuts New Paired-Home Models
Toll Brothers, Inc., a national luxury home builder, announced the opening of two brand-new models in the Enclave Collection at Sereno Canyon in Scottsdale, Arizona. A model grand opening event will be held on Saturday, April 11 from 10 a.m. to 5:30 p.m. at 12668 E Black Rock Road. The event will feature tours of the brand-new professionally designed Caullins and Palmer home … [More]
Upscale Steakhouse Chain Enters Arizona Market
Perry's Steakhouse & Grille will open its first location in Arizona on Monday, June 8, 2026, marking the entry into Perry's 12th market. Located in the southeastern part of Gilbert off the Loop 202 SanTan Freeway, the 11,000-square-foot space in Northside at SanTan Village will accommodate up to 350 guests. "We are so excited to bring our first Perry's Steakhouse in … [More]
Five Arizona Utilities Fund Grants for Communities Impacted by Coal Transition
Five organizations serving Arizona communities impacted by the transition away from coal-fired power plants will receive grant funds to support their local economies from the Utility Grant Funding Program. The program is jointly funded by Arizona Public Service, Salt River Project and Tucson Electric Power and provides critical support to develop new, sustainable economic … [More]
Burlington Breaks Ground on Buckeye Distribution Center
Burlington Stores, one of the fastest growing national off-price retailers, known for its tremendous value on brand name merchandise for the home and family, celebrated the groundbreaking of its future distribution center in Buckeye, Arizona, which is expected to open in 2028. The new expansion was commemorated by Burlington and the local community with a groundbreaking … [More]
