For the second year in a row, Arizona and the Arizona Commerce Authority (ACA) are being recognized for innovative economic development initiatives. Business Facilities Magazine recently announced the Arizona Commerce Authority as one of six state winners of its second annual Economic Development Organization (EDO) Awards, recognizing Arizona’s Future48 Workforce Accelerator … [More]
Home Prices Hit Another Record High, Pushing Pending Sales Down 4%, Says Report
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly
The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Weekly average mortgage rates dipped to 7.02% from a five-month high of 7.22% at the start of the month, bringing the median monthly housing payment to $2,854, roughly … [More]
How Entrepreneurship Uplifts Underserved, Diverse Communities
There is no shortage of stories about how entrepreneurship and innovation can spur economic growth under the right conditions, but another intriguing, and often overlooked, characteristic of entrepreneurship is its ability to uplift underserved, diverse communities. In fact, entrepreneurship not only plays a key role in bringing social issues to the forefront, it often … [More]
Texas Taco Franchise Announces Expansion in Arizona
Fuzzy’s Taco Shop, the fast-casual+ restaurant brand serving Mexican favorites with a splash of Baja, recently announced the signing of two multi-unit development agreements to mark the brand’s expansion throughout Arizona and Texas. The deals will bring 40 new restaurants to market over the next eight years, reinforcing the brand’s incredible potential for growth. "Fuzzy’s … [More]
Phoenix Suns Announce New G League Affiliate Team and Venue
The Phoenix Suns announced the official name and branding of its NBA G League affiliate, introducing Valley Suns as Player 15 Group’s third professional sports franchise. The name Valley Suns was inspired by the community, diverse culture and deep-rooted history of the “Valley of the Sun.” The Valley Suns will play all home games at Mullett Arena within the Novus Innovation … [More]
Global Semiconductor Equipment & Services Manufacturer Relocates HQ to New Tempe Location
JLL announced the completion of a building sale and new office lease that relocates the global headquarters of Amtech Systems Inc. into contemporary new office space within the Rio2100 mixed-use development in Tempe, Arizona. Amtech has operated its global headquarters in Tempe for more than 30 years, previously occupying a 14,720-square-foot flex industrial building 131 S. … [More]
Much Anticipated Underground Cocktail and Live Music Lounge Opens in Scottsdale
Prepare to be swept into an era of glamour and intrigue as Tell Your Friends, a captivating underground cocktail and live music lounge, pulls back the velvet curtain on May 23 to reveal a sultry and opulent ambiance, curated craft cocktail program, elevated small bites and dynamic live music performances. Unlike any other nightlife destination in Arizona, Tell Your Friends … [More]
Phoenix-Based Capital Co. Expands Operations into Europe
Trinity Capital Inc., a leading provider of diversified financial solutions to growth-oriented companies, announced its strategic expansion into Europe with the appointment of London-based Craig Fox as Managing Director. This initiative aligns with the Company's long-term vision of supporting high-growth companies globally. By establishing a dedicated European team, Trinity … [More]
May Is Mental Health Awareness Month: Entrepreneurs, This Is Your Sign to Create a Burnout Survival Plan
When you started your business, you may have envisioned yourself launching a hot new product, signing with a dream client, or cutting the ribbon of a new facility. You probably didn’t picture yourself exhausted, overwhelmed, and thinking about throwing in the towel. Nevertheless, nearly all entrepreneurs find themselves in this situation at least once (and often multiple times) … [More]
Last Year’s Phoenix Open Raises Record $17.5 Million for Arizona Charities
The Thunderbirds – hosts of the WM Phoenix Open presented by Taylor Morrison – announced the 2024 edition of “The People’s Open” raised a tournament record $17.5 million ($17,521,024) for Arizona charities. This marks the seventh time in tournament history The Thunderbirds and the WM Phoenix Open have raised more than $10 million for charity in a single tournament. The … [More]
These Are the 5 Most Popular Searched Jobs in Arizona, Says a New Study
New research has discovered the most sought-after careers in Arizona, with flight attendant taking the top spot. The experts at online courses aggregator Class Central analyzed the average number of monthly Google searches for over 100 different job roles, including terms such as 'how to become a [job role]' and '[job role] salary', to determine the most wanted careers in … [More]
Arizona Is a Top Ten State with the Biggest Business Market Growth over the Last Decade
New research has found that Arizona has seen some of the biggest increases in new businesses in the U.S. over the last ten years compared to every other state. Arizona places tenth seeing an overall business market growth of 112.7% over the past decade. The study conducted by business formation experts CreditDonkey analyzed the number of business applications submitted … [More]
New Canadian Trade Office Established in Arizona to Increase Trade, Economic Development
Arizona Governor Katie Hobbs and Canadian Trade Minister Mary Ng, Minister of Export Promotion, International Trade and Economic Development, announced the establishment of a new Canadian trade office in Arizona. The Canadian Ministry of Foreign Affairs will be opening a new trade office in Arizona, which will strengthen the bilateral relationship between Arizona and Canada, … [More]
Microfinance Nonprofit Opens New Branch in Phoenix with Support from Wells Fargo
Grameen America, the fastest-growing nonprofit microfinance organization in the United States, announced the opening of its new branch location in Phoenix, Arizona with major philanthropic support from the Wells Fargo Foundation. To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand … [More]
Arizona Cybersecurity Co. Closes Third Acquisition
Lumifi Cyber Inc. (Lumifi), a next-generation leader in the cybersecurity space, announces its acquisition of Netsurion, a 15-year-old Managed Extended Detection and Response (XDR) provider. The acquisition delivers enhanced security to Netsurion’s customer base through Lumifi’s U.S.-based Security Operations Center (SOC) alongside Lumifi’s proprietary SHIELDVision™ platform … [More]
Global Projects Logistics Giant Strengthens Logistics Support for Mining Sector with Local Top Leader
DHL Industrial Projects, a unit of DHL Global Forwarding specializing in complex project logistics, deep sea chartering activity, and heavy-lift cargo, is pleased to announce a development in the Mining Sector. Gavin Erasmus, who has already been serving as the Global Head for the Mining Sector, will be relocating to Phoenix, Arizona. Recognizing the strategic importance of … [More]
EXPO – Sep 25: Phoenix Small Business Expo 2024
Welcome to the Phoenix Small Business Expo 2024! Get ready to connect, learn, and grow with fellow small business owners in the vibrant city of Phoenix. Join us in person on Wednesday, September 25, 2024 at 10:00 AM PST for a day filled with exciting opportunities. At this Expo, you'll have the chance to network with like-minded entrepreneurs, discover new products and … [More]
EVENT – Jun 5: Greater Phoenix Chamber’s IMPACT Awards
The thriving business community in the Greater Phoenix region is characterized by innovation, advocacy, and a commitment to local community development, all contributing to the growth of our economy. The IMPACT Awards aim to acknowledge companies making substantial contributions to our state. This program spotlights excellence among both small enterprises (1-99 employees) … [More]
