Carvana Reports First Positive Net Income Quarter

Carvana

Carvana Co., the leading e-commerce platform for buying and selling used cars, today announced financial results for the quarter ended June 30, 2021. Carvana’s complete second quarter 2021 financial results and management commentary can be found by accessing the Company’s shareholder letter on the quarterly results page of the investor relations website. “This was a … [More]

ON Semiconductor Becomes onsemi

onsemi

ON Semiconductor revealed its new trade name “onsemi” and refreshed brand as a next step in the company’s evolution to establish itself as the leading provider of intelligent power and sensing technologies. With a continued focus on the automotive and industrial end-markets, onsemi has sharpened its strategy to drive disruptive innovation that contributes to a sustainable … [More]

Nominations for WESTMARC Leadership ‘Best of the West’ Awards Open

WESTMARC

WESTMARC is accepting nominations for this year’s Best of the West Awards.  “The Best of the West Awards recognize outstanding contributions to the image, lifestyle, and economy in the West Valley,” said Neil Terry, WESTMARC Chairman of the Board. WESTMARC is proud to honor these outstanding individuals and organizations making a great impact in the West Valley.” The online … [More]

MLK Awards Program Accepting Nominations

City of Phoenix

If you know someone, including youth, who has made an impact on the quality of life of Phoenix residents, we urge you to nominate them for an award. The Living the Dream Award recognizes individuals who embody the ideas of Dr. King through their continued personal commitment to human relations and social justice. The Lifetime Achievement Award recognizes exceptional … [More]

Houston-based Green Mountain Energy Applies to Enter Arizona’s Electricity Market

Green Mountain Energy Company

Residents in the sunniest state in the nation could soon have the power to choose 100 percent renewable, clean energy for their homes and businesses as Green Mountain Energy (GME) submitted its application on August 4, 2021 to the Arizona Corporation Commission to provide regulated competitive retail electric services in accordance with the Energy Competition Act (ECA). When … [More]

Mortgage Co. Expanding to Tempe, Ariz. to Scale Technology-Enabled Mortgage Solution

Valon Mortgage

Valon Mortgage, a residential mortgage tech startup reinventing the homeownership experience to keep the borrower better informed, announced today its expansion to Tempe, Ariz. with the opening of a new customer support operation. The company is immediately hiring 50 new team members in mortgage loan servicing and management roles, and will scale to 150 employees in the next … [More]

Salt River Project Teams with Accenture to Transform the Employee Experience

inbusinessPHX.com

Accenture has helped Salt River Project (SRP), one of the nation’s largest public utilities, consolidate its human resources (HR) systems into an integrated cloud-first solution to enhance the employee experience Hosted in the cloud and powered by SAP® SuccessFactors® software, the new solution replaced disparate legacy HR systems and processes with digital … [More]

Major Local Firm Models Law Firm of the Future with People First Strategy

Fennemore

Fennemore, the fastest-growing BigLaw firm in the country according to Law.com, added nationally renowned Denver litigation firm Reilly LLP to its roster. The group of accomplished trial lawyers, led by Dan Reilly, has a long history of success on complex trustee and fiduciary litigation including securing a $106 million judgment for breach of trust against a national bank and … [More]

Spec Industrial Project Kicks Off in Greater Phoenix

by Adriana Marinescu

The joint venture of McKinney Investments LLC, Westport Capital Partners and AEW has started construction on Latitude 303 Logistics, a two-building, 897,315-square-foot speculative development in Glendale, Ariz. Delivery is expected in the first quarter of 2022. Latitude 303 Logistics will come online on 54.8 acres at the southeast corner of the Loop 303 and Glendale Avenue. … [More]

Alerus Earns Spot on National ‘Top 10 Bank’ Ranking

Alerus

Alerus is pleased to announce Bank Director magazine has named it the #9 overall performing bank out of the 300 largest publicly traded U.S. banks.    Bank Director’s annual Bank Performance Scorecard ranks publicly traded banks based on their previous year’s performance using five metrics that reflect a bank’s profitability, asset quality, and capital adequacy. Metrics … [More]

AvAir Secures Engine Material Asset Management with IAI

AvAir

AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has completed an agreement with Israel Aerospace Industries (IAI) Aviation Group to provide asset management solutions for more than 20,000 line items. IAI’s unique Aviation Group is a global leader, with more than 50 years' experience in all aspects of the aircraft industry, having all the … [More]

Arizona Association for Economic Development’s Mentorship Pilot Program Launches

Arizona Association for Economic Development

The Arizona Association for Economic Development (AAED) has recently launched the organization’s first mentorship program. The year-long program, aimed at supporting early-career economic development professionals, has paired five young professionals with five experienced Economic Development practitioners from around the state. The mentorship pilot program is the first … [More]

KOAM Chooses Phoenix for First West Coast Facility

KOAM

KOAM, a total logistics solution company for automotive OEMs, has opened its first west coast facility in Phoenix, the company announced today. The veteran- and minority-owned business’ relationship with LUCID Motors and the recent manufacturing expansions of other electric vehicle companies such as Nikola, ElectraMeccanica and Atlis made Greater Phoenix the ideal strategic … [More]

New Yoga, Coffee and Local Art Concept Opens in Scottsdale

Blue Buddha Collective

Blue Buddha Collective, a family-owned yoga studio and espresso bar, is set to open on August 7, 2021 located at 423 N. Scottsdale Rd. The new concept aims to become Scottsdale’s go-to for yoga, espresso and local art. This retreat is perfect for health and wellness enthusiasts looking to connect on the mat, and over a cup of coffee. Blue Buddha Yoga will offer eco-friendly, … [More]

Microchip Technology Provides Ultra-Precise Timing for 5G

Microchip Technology Inc.

5G technology requires time sources to be synchronized throughout a packet-switched network ten times more accurately than 4G requirements. Microchip Technology Inc. now makes it possible to achieve 5G performance with the first single-chip, highly integrated, low-power, multi-channel integrated circuit (IC) coupled with the company’s widely adopted and reliable IEEE® 1588 … [More]

Barrett-Jackson to Expand through Acquisition

Barrett-Jackson

Barrett-Jackson Holdings, the parent company of Barrett-Jackson Auction Company, today announced the acquisition of the Phoenix-based Collector Car Network Inc., including its well-known properties ClassicCars.com, AutoHunter, The ClassicCars.com Journal and the Future Collector Car Show. The acquisition furthers Barrett-Jackson’s mission to grow the collector car market … [More]

Construction Begins on New Surgical Manufacturing Facility in Scottsdale

LGE Design Build

LGE Design Build, an award-winning, full-service commercial general contractor with an in-house architecture firm, announced they recently began construction on Fetzer Surgical in Scottsdale, Ariz. Located at 9217 Easter Verde Grove View within the Corporate Center at DC Ranch the facility will sit at the intersection of Hidden Spur Trail and Verde Grove View. Upon … [More]

Arizona Lottery Commits Funds to Support MAG’s Heat Relief Network

Maricopa Association of Governments

Playing the Arizona Lottery now means supporting efforts to save lives in the deadly Arizona heat. The Arizona Lottery is committing $50,000 in a Gives Back sponsorship to purchase bottled water for distribution through the Maricopa Association of Governments (MAG) Heat Relief Network, a community effort that brings together the Maricopa Regional Continuum of Care, cities and … [More]

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