The Greater Phoenix Chamber is excited to announce the relaunch of the Arizona Economic Insights Dashboard, now powered by BOK Financial. This enhanced, dynamic resource offers businesses and individuals real-time, interactive data updates on Arizona’s constantly evolving economic landscape. The public now has access to detailed insights into key indicators such as GDP, job … [More]
EV Energy Tech Co. Announces Shareholder Approval of $323M Merger
Combination intended to create significant shareholder value in pursuit of a sustainable future
Tempe-based Nxu, Inc., a domestic technology company focused on energy storage and charging solutions for the infrastructure we need to power our electrified future, and Verde Bioresins, Inc., a leader in sustainable product innovation and full-service bioplastics production, announced the approval of the merger by Nxu stockholders after completing a stockholder vote on … [More]
Phoenix Children’s Announces the Retirement of President and CEO
Phoenix Children’s announced the retirement of Robert L. Meyer, who has served as the organization’s President and CEO for 22 years. Working with the Board of Directors to finalize the leadership transition process, including the selection of his replacement, Meyer will officially retire in the summer of 2025, marking the end of his leadership tenure that has helped to shape … [More]
Small Businesses Remain Optimistic, Uncertainty Rising on Main Street
Small business owners report few skilled applicants in January for their open positions
The NFIB Small Business Optimism Index fell by 2.3 points in January to 102.8. This is the third consecutive month above the 51-year average of 98. The Uncertainty Index rose 14 points to 100 – the third highest recorded reading – after two months of decline. “Overall, small business owners remain optimistic regarding future business conditions, but uncertainty is on the … [More]
Film Production Projects in Greater Phoenix Generated $29.1M in Economic Impact in 2024
Film production in the Greater Phoenix area generated an impressive $29.1 million in economic output during the 2024 calendar year, as highlighted in the City of Phoenix Film Office's latest Economic Impact Report that was released this week. The report takes into account all aspects of film production, and includes expenditures on local goods and services. The 2024 … [More]
Honeywell Announces Creation of Three Industry-Leading Companies, HQ to Remain in Valley
Honeywell announced that its Board of Directors completed the comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed industry … [More]
Job Openings Remain a Top Concern for Main Street, Says Report
Hiring difficulties persist for small businesses, especially in construction and transportation
NFIB’s January jobs report found that 35% (seasonally adjusted) of small business owners reported job openings they could not fill in January, unchanged from December. Job openings were the highest in the transportation, construction, and manufacturing sectors, and the lowest in the agriculture and finance sectors. Job openings in construction were up four points from last … [More]
Arizona Predicted to Be Top State for Franchise Business Growth in 2025
According to new study, Arizona will add 1,374 new local franchise businesses in 2025, 13,441 jobs; Franchise sector will contribute $22.6 billion to state's economy in 2025 bringing business ownership opportunities, economic growth, and job creation The International Franchise Association released its annual Franchising Economic Outlook showing that Arizona is expected to … [More]
Global Biometrics Co. Expands Its Research Facility in Arizona
An interactive experience center has been developed as part of the expansion
To meet the needs of increased research and development activities, Integrated Biometrics, announces the expansion of their longstanding research facility in Chandler, Arizona. IB, a pioneer in biometrics technology, delivers cutting-edge fingerprint scanners, software that simplifies biometric system integration, and contactless identification applications. IB plans to grow … [More]
Report: ASU Adds as Much Economic Impact as Hosting the Big Game, Times Eight
A new report Shows ASU contributes an estimated $32 billion
More than one in four working Arizonans with a bachelor's degree earned it from Arizona State University but the economic impact generated is a crucial benefit to the entire state. According to a new report from the Seidman Research Institute at the W. P. Carey School of Business, ASU's spending on operations and construction contributes, directly and indirectly, $6.1 … [More]
Meta Opens First Phase of Mesa Data Center
Meta, the parent company of Facebook, celebrated the grand opening of its state-of-the-art data center in Mesa, Arizona. This milestone marks a significant investment in the region, with the facility spanning over 2.5 million square feet across five buildings. The project, first announced in August 2021, represents an investment exceeding $1 billion. The Mesa Data Center is … [More]
Phoenix Among Top Targets for CRE Investment in 2025, Says Survey
A recent survey of commercial real estate investors ranked Phoenix as a top 10 target among U.S. metros. Phoenix slipped three spots to #10 in CBRE’s 2025 U.S. Investor Intentions Survey. Investors are strategically focusing on gateway markets offering discounts and high-growth Sun Belt markets. Phoenix is recognized by investors for its pro-business environment, strong … [More]
Phoenix Sky Harbor Gears Up to Celebrate 90th Anniversary
A 90th anniversary might elicit images of a long look back at a full, storied life but Phoenix Sky Harbor International Airport is looking forward to a busy future as it counts down to its 90th anniversary this year. America's Friendliest Airport® is commemorating when the city of Phoenix paid $100,000 in 1935 to purchase a remote airfield nicknamed “The Farm" that today … [More]
Nestlé Opens of State-of-the-Art Beverage Factory and Distribution Center in Arizona
Nestlé USA announced the grand opening of its new beverage factory and distribution center in Glendale, Arizona. The new facility will produce creamers for several of Nestlé's go-to brands, including Coffee mate®, natural bliss® and Starbucks®, and has the ability to extend to additional beverages in the future. Today, people enjoy coffee and creamer beyond their morning … [More]
Barrett-Jackson Kicks Off 2025 Surpassing More Than $198M in Total Auction Sales
Barrett-Jackson, The World’s Greatest Collector Car Auctions, kicked off 2025 with the ultimate automotive lifestyle experience during the Scottsdale Auction, held Jan. 18-26 at WestWorld of Scottsdale. The Scottsdale Auction, held annually since 1971, featured a 100% No Reserve docket of 2,013 collectible vehicles achieving more than $193 million in auction … [More]
GridStor Announces Acquisition of Arizona Battery Energy Storage Project
GridStor, a developer and operator of utility-scale battery energy storage systems, announced that it has acquired a 100 MW / 400 MWh battery storage project in Arizona from Capacity Power Group (CPG). GridStor’s acquisition and plan to construct battery storage in Arizona comes during a critical time for the region. Rising power demand from residential and large industrial … [More]
Phoenix Makes Successful Debut at CES 2025
The City of Phoenix made its first appearance as an exhibitor at the Consumer Electronics Show (CES) in Las Vegas during the first week of January, leading to hundreds of business meetings and connections. As the only U.S. city to exhibit at CES, Phoenix showcased its commitment to advanced technology and innovation that creates jobs, supports educational institutions, and … [More]
Governor Releases FY2026 Executive Budget Proposal
Proposal seeks to restore The Arizona Promise and delivers critical funding to strengthen opportunity, security, and freedom Governor Hobbs released her FY2026 Executive Budget, which invests in critical efforts to support working families and help Arizonans thrive. “To realize the Arizona Promise, we must deliver opportunity, security, and freedom for Arizonans,” said … [More]
