A recently purchased 80-acre parcel in Casa Grande will become a new power switching yard and substation, which will extend capacity and services to the Casa Grande West Industrial area. Casa Grande’s industrial sector has seen a significant increase in industrial users and developers in recent years as the manufacturing industry and related suppliers relocate or expand to … [More]
80 Acres in Casa Grande Purchased for New Power Switching Yard and Substation
new power switching yard and substation to address growing power needs in Casa Grande’s West Industrial area
Inaugural 602 Day Celebration Dubbed a Success by Phoenix Leadership, Business Community
On June 2, 2024, the City of Phoenix officially celebrated 602 Day for the first time. The City partnered with more than 100 local businesses and organizations to offer $6.02 deals and host events to celebrate the Phoenix community and honor 602 as the city’s most historically … [More]
Bank & Financial Services Co. Adds Equipment Finance Team in Phoenix
Alerus Financial Corporation announced it is expanding its specialty lending capabilities with the addition of an experienced team focused on providing equipment financing to commercial banking clients throughout the company’s geographic footprint. Brian Scott joins Alerus as managing director of the equipment finance team. In this role, he oversees the team’s activities … [More]
New Listings Up. Homes Selling Faster. Prices Continue to Rise.
Residential real estate inventory improved in May, according to data from Phoenix REALTORS
The number of new listings continued to climb in May in year-to-date comparisons, according to the latest data from Phoenix REALTORS. The first five months in 2024 were up more than 17% compared to the same period of 2023. Homes have also sold faster so far this year when compared to 2023, and the average days on the market dropped from 74 to 64. The year-to-date median sale … [More]
Understanding the Three V’s of Business Leadership: Vision, Variety and Vitality
As a leader, understanding your own leadership style is essential for success in your business. To stay relevant, innovate and grow your business, as a leader, it takes dedication to self-reflection, analyzing your Whys, looking at your own competencies and all the ways you are adaptable for sustaining your particular type of work. A powerful way to self-reflect is through the … [More]
Two Affordable Housing Multifamily Communities Coming Soon to Metro Phoenix
Greenlight Communities, along with Bryten Real Estate Partners, its selected property management company, announced leasing is now underway at their two newest apartment communities. Both communities are located in Metro Phoenix with move-ins set to begin in July and August. Greenlight’s Streamliner communities are focused on providing residents with brand new rental homes … [More]
Foundation Awards $1M to Organizations Addressing Arizona’s Most Critical Health Challenges
The Blue Cross Blue Shield of Arizona Foundation for Community & Health Advancement has awarded more than $1 million to 28 organizations addressing Arizona’s most pressing health challenges. Funding will help organizations focus on four key areas: mental health, substance use disorder, chronic health conditions, and health equity. Make-A-Wish Foundation of Arizona is … [More]
Small Business Compensation Plans Fall to Lowest Level Since 2021
Fewer owners are planning to raise compensation in the coming months
According to NFIB’s monthly jobs report, a net 18% (seasonally adjusted) of small business owners plan to raise compensation in the next three months in May, down three points from last month and the lowest reading since March 2021. Seasonally adjusted, a net 37% of owners reported raising compensation, down one point from April but historically very high. “An exceptionally … [More]
Japanese Retail Store Opens in Phoenix
Daiso, the renowned global retail chain offering a wide range of affordable and unique products, announced the grand opening at Mountain Park Plaza in Phoenix, Arizona on June 22nd. "We are thrilled to open our store at Mountain Park Plaza," said Jack Williams, Chief Retail Operations Officer for Daiso USA. "This achievement reflects the dedication and support of our … [More]
Real Estate Developer Sells Goodyear Airport Portfolio, Two Fully Leased Industrial Buildings
CIM Group announced the sale of the Goodyear Airport portfolio which is comprised of two, fully leased industrial buildings totaling 726,802 square feet located at 2250 S. Litchfield Road and 1685 S. Litchfield Road, adjacent to the Phoenix Goodyear Airport in Arizona. CIM Group acquired the 450,619-square-foot building at 2250 S. Litchfield Road in August 2021. The building … [More]
SBA Launches Working Capital ‘Line of Credit’ Pilot Program
Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Published on June 6, 2024
The U.S. Small Business Administration (SBA) announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan. “Small businesses require working capital through competitively-priced lines of credit to operate efficiently and … [More]
Phoenix Chamber Announces 2024 Impact Award Recipients
The Greater Phoenix Chamber has selected ten local companies as recipients of its 37th Annual IMPACT Awards. The IMPACT Awards honor the accomplishments of small and mid-to-large Valley businesses and their positive influence on the community and economy. These recipients were selected following a community vote among 30 finalists of the more than 100 businesses nominated for … [More]
ASU Named among the Top Marketing Universities in the U.S.
According to a new study, Arizona State University has been named the fourth-best school in the US for a career in marketing. Digital marketing agency Hennessey Digital analyzed more than 1,300 US universities to find which are the best for a future career in marketing. They looked at 11 factors, including the percentage of business and marketing degrees … [More]
Marketing Firm Turns 20 as Founder Celebrates 40 Years of Senior Living Leadership
May marked a significant milestone for Angell Marketing, as the agency celebrated its 20th anniversary of supporting the lives of older adults and their families, and the 40-year career of Founder and CEO Wynne Angell. From her start as a senior living sales representative to becoming an aging advocate and founder of an award-winning senior living marketing agency in Phoenix, … [More]
WEBINAR – July 7: Build a Championship Team: Overcome the Five Dysfunctions
UPCOMING SESSIONS Join us for an Arizona Small Business Boot Camp! Build a Championship Team: Overcome the Five Dysfunctions 07/09/2024 | 9:00 AM In today's fast-paced and competitive business environment, effective teamwork is more critical than ever. However, many teams struggle due to underlying dysfunctions that impede their performance. REGISTER … [More]
World’s First Direct Air Capture Manufacturing Facility Coming to Mesa, Will Support Up to 400 New Jobs by 2029
CarbonCapture Inc. a leading U.S. direct air capture (DAC) system company that builds modular systems that can be mass produced, signed a lease for an 83,000-square-foot high-volume manufacturing facility in Mesa, Arizona, for its first manufacturing plant. At full capacity, the facility is projected to manufacture 4,000 modules per year-equal to 2 megatons of removal … [More]
Phoenix Children’s Names New Chief Operating Officer
Phoenix Children's announced Justin Bradshaw, FACHE, will join its leadership team as executive vice president and chief operating officer. With more than two decades' experience in health system operations, Bradshaw will play an integral role in ensuring consistent, high-quality, integrated care across all sites of service as Phoenix Children's continues its expansion across … [More]
Office Space Absorption Predicted over the Next Two Years, but Contraction to Slow in 2025
Absorption of office space – the amount that is leased or occupied less the amount that is vacated or put on the market – is expected to remain negative through 2024 and 2025, though the rate of negative absorption is expected to slow to a near halt by the second half of 2025, according to the NAIOP Research Foundation’s Office Space Demand Forecast. “The office market … [More]
