SRP is First to Receive Battery Electric Truck

inbusinessPHX.com

SRP recently received a Kenworth K270E battery electric vehicle, a first-of-its-kind electric truck. “SRP has a major focus on sustainability and remains steadfast in its objectives to improve EV adoption inside and outside our organization,” said Brendan King, manager of SRP’s transportation services engineering operations. “Our goals associated with using Kenworth’s new … [More]

Local Restaurant Owner Shares How He Competes in Tight Labor Market

inbusinessPHX.com

The labor market right now is tight, particularly in the hospitality industry, and it’s tough to attract talent. But unlike most other smaller restaurateurs, the CEO of Ling’s Wok Shop and Ling and Louie’s Asian Bar and Grill plans to grow with a multi-pronged strategy based on giving back to the community. This will include traditional recruitment, opportunities for growth and … [More]

States with the Highest Job Resignation Rates, Arizona Is #3

inbusinessPHX.com

With Americans quitting their jobs at record rates during the so-called “Great Resignation,” WalletHub  released its report on 2022’s States With the Highest Job Resignation Rates, along with accompanying videos and expert commentary. WalletHub ranked the 50 states and the District of Columbia based on how frequently people are leaving their places of employment. Below, you … [More]

ASU Research Park Announces Viasat South Campus Expansion

inbusinessPHX.com

Arizona State University Research Park, Inc. announced that Viasat Inc., a leading global communications company, is expanding its current footprint at the 324-acre ASU Research Park to accommodate the company’s future growth projections. Viasat, a global communications company that provides high-speed satellite broadband services and secure networking systems, employs more … [More]

Opendoor Expands Presence In Arizona With Creation of Regional Hub In Tempe

inbusinessPHX.com

Opendoor, a leading digital platform for residential real estate, is doubling down on its commitment to Arizona, opening a 100,807-square-foot space in Tempe to serve as the company’s regional hub. The space is the company’s largest office, supporting over 500 jobs. “Opendoor’s substantial investment proves once again Arizona is the best place in the country for technology … [More]

Feeling Inflation Pressures? Industry-Specific Small Business Economic Trends Survey Released

NFIB

The NFIB Research Center today released an industry-specific Small Business Economic Trends report highlighting the construction, manufacturing, retail, and services industries. The overall Optimism Index for small businesses in April was 93.2. “The construction and manufacturing industries are especially feeling the impact of inflation pressures,” said Holly Wade, … [More]

Lucid Advances Global Sustainability Vision, Announcing New Details for First Overseas Manufacturing Facility with Partners in Saudi Arabia

inbusinessPHX.com

Lucid Group, Inc., setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today hosted a ceremonial signing event to mark the February 2022 agreements with the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Industrial Development Fund ("SIDF"), Emaar, The Economic City, at King Abdullah Economic … [More]

Bank Devoted to Helping Small Business Obtains State of Arizona Conditional Approval

inbusinessPHX.com

Integro Bank (In Organization) announced that it obtained conditional approval from the State of Arizona Department of Insurance and Financial Services to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Federal … [More]

Universal Technical Institute Opening Its Campuses to High School Juniors Interested in Automotive Technician Training

inbusinessPHX.com

As part of its ongoing effort to address workforce need for skilled transportation technicians, Universal Technical Institute is bringing its three-week Ignite program back to full capacity at its UTI campuses nationwide this summer. The program, which is free to high school juniors, offers students an introduction to the training they'll need to prepare to enter the workforce … [More]

Homebuyer Competition Falls for Second-Straight Month, Hitting Lowest Level in Over a Year

Redfin

Nationwide, 60.7% of home offers written by Redfin agents encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from a revised rate of 63.4% a month earlier and 67.4% a year earlier, and marks the second-consecutive monthly … [More]

How Digital Transformation Is Changing Project Management: 4 Things to Know

inbusinessPHX.com

The COVID-19 pandemic has revealed how important it is for businesses to adopt digital processes. Many companies closed largely because they didn’t digitize, but for other firms, the pandemic accelerated their digital transformation. In the midst of this massive change, project management’s role has shifted but remains  crucial to helping improve overall efficiency and … [More]

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