Arizona Economic Development Sets Records for Jobs, Investment in FY 2021

Arizona Commerce Authority

Fiscal Year (FY) 2021 was a record-breaking year for statewide economic development. During the 12-month fiscal period that ended June 30, 2021, the Arizona Commerce Authority (ACA) successfully worked with companies that committed to creating a projected 23,317 new Arizona jobs while investing $24.8 billion in local communities — the most ever for both metrics. The projected … [More]

Nikola and OPAL Fuels Sign MoU to Co-Develop and Construct Hydrogen Fueling Stations

Nikola Corporation

Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, and OPAL Fuels LLC, a trusted leader in delivering renewable natural gas and renewable fueling infrastructure for heavy-duty truck fleets, have entered into a Memorandum of Understanding on the development, construction, and operation of hydrogen fueling … [More]

Phoenix ‘Paints’ City Hall Purple for 9th Annual Domestic Violence Awareness Campaign

City of Phoenix

​​The City of Phoenix is shining a light on a dark issue. Starting tonight, City Hall will be lit purple through October to raise awareness about domestic violence. It impacts us all, and we can all help end it. The City of Phoenix's domestic violence awareness campaign, “Paint Phoenix Purple," has made significant strides since launching in 2013 by educating and providing … [More]

The 3 C’s of DEI Data and How to Avoid Them

by Lisa Apolinski

Diversity, equity and inclusion are becoming an increasing focus in many facets of life. A simple example of these three key areas can be applied to a classroom and a student’s birthday party. Diversity is everyone in the class is invited to the party. Equity is everyone receives the same party favor and same size of birthday cake. Inclusion is everyone has the opportunity to … [More]

Freeport-McMoRan Publishes Climate Report, Announces Net Zero Aspiration

Freeport-McMoRan Inc. announced the publication of its updated Climate Report which details the work underway across its global business to reduce greenhouse gas (GHG) emissions, improve energy efficiency, advance the use of renewable energy and understand and enhance the company’s resilience to future climate-related risks. The Climate Report reflects the company’s continued … [More]

U.S. Weekly Jobless Claims Unexpectedly Rise for Second Consecutive Week

U.S. Department of Labor

In the week ending September 25, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 11,000 from the previous week's unrevised level of 351,000. The 4-week moving average was 340,000, an increase of 4,250 from the previous week's unrevised average of 335,750. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the … [More]

Wealth Management Group Plans to Double Headquarters: Recruits Specialized Advisors  

Wilde Wealth Management Group

Wilde Wealth Management Group, an award-winning financial advisory firm that provides comprehensive retirement, investment, real estate, insurance, legal and tax planning services all under one roof, has begun construction on an expansion to its Scottsdale headquarter office, which is located at 7025 N. Scottsdale Road. Once complete later this fall, the headquarters will … [More]

$25M Land Purchased in Surprise for Tempe-Based Carvana

Tempe-based Carvana purchase 148 acres in Surprise, Arizona for $25 million. The deal was represented by NAI Horizon Senior Vice President Isy Sonabend and Agent Drew Eisen. The land is at the NEC of Litchfield and Cactus roads in the Cactus Commerce Center. It has been owned by the Nitta family for decades, according to LoopNet. Carvana is a leading e-commerce company … [More]

Phoenix Market Update: Office Vacancy Keeps Improving

by Adriana Marinescu

After an encouraging July, Phoenix’s office vacancy rate kept bettering in August, according to CommercialEdge information. The average rate dropped to 17.2 percent, marking a 50-basis-point decrease month-over-month and a 30-basis-point drop when compared to August 2020. However, the value continued to remain higher than the national rate of 15.4 percent. As no … [More]

Former Panasonic Gigafactory Manufacturing GM Joins KORE Power to Head Up Operations at Buckeye Facility       

KORE Power, Inc.

KORE Power, Inc. has tapped energy storage and battery manufacturing veteran Randy S.Cowder to lead operations at their KOREPlex facility in Buckeye. Cowder, who joins KORE as Vice President of Manufacturing, comes to the company from Panasonic’s gigafactory in Nevada, where he was general manager of manufacturing. With more than 25 years of experience in manufacturing, … [More]

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