The Idaho State Board of Education sitting as the Board of Regents of the University of Idaho granted approval for the creation of a not-for-profit entity that will acquire the operations of the University of Phoenix. This represents a historic opportunity to improve student access to higher education, a monumental broadening of U of I’s reach to nontraditional adult learners, … [More]
New Arizona Mega Resort Debuts Unprecedented Live Music Venue
VAI Resort unveils the latest addition to its upcoming $1 billion destination resort in Arizona: the VAI Amphitheater. Scheduled to open in 2024, this world-class venue is designed with music and live entertainment at its core, embodying the resort’s mission to become a top destination for music lovers and performing artists. With a $40 million stage, cutting-edge design, and … [More]
Voters Decline to Move Tempe Entertainment District Forward
An Arizona Coyotes hockey arena, hotels, apartments, restaurants and retail will not move forward at Priest Drive and Rio Salado Parkway now that residents have voted to decline the Tempe Entertainment District. Tempe voters have spoken and we respect their voices. The Tempe City Council's unanimous vote in November 2022 to move the Tempe Entertainment District forward, … [More]
State Cracks Down on Fraudulent Medicaid Providers
Governor Hobbs, alongside Attorney General Mayes, Salt River Pima-Maricopa Indian Community President Martin Harvier, AHCCCS Director Carmen Heredia, representatives from 13 tribal nations, and law enforcement, announced actions against over 100 Medicaid behavioral health residential and outpatient treatment service providers believed to be engaging in fraud. These providers … [More]
Tempe Votes in Tempe Entertainment District Project Special Election Today
Voters have options for casting their ballots on Propositions 301, 302 and 303 as part of the city’s Special Election on the Tempe Entertainment District. In November, the City Council unanimously approved the resolutions/ordinances for the Tempe Entertainment District project. Three aspects of the primarily privately funded proposal from Bluebird Development, the affiliate … [More]
$585M Loan Finalized to Complete The Palmeraie and The Ritz-Carlton Paradise Valley
Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, announced that it has originated a $585 million loan to Five Star Development for the completion of The Ritz-Carlton Paradise Valley, The Palmeraie and The Palmeraie, a mixed-use, ultra-luxury retail, dining and residential development in Paradise … [More]
SBA Announced New Lender Improvements Expanding Access to Capital
Following the recent finalization of two new rules aimed at closing gaps in capital access for America’s small business owners, the U.S. Small Business Administration (SBA) announced streamlined lender procedures and other details on implementation. "The Biden-Harris Administration recognizes that small businesses are the drivers of our economy, and that to participate in … [More]
ASU Researchers TEAMUP to Advance Solar Power
As climate change becomes a more pressing problem worldwide, the race to develop sustainable power-generation technology is increasingly crucial. A new consortium of academic and industry partners, Tandems for Efficient and Advanced Modules using Ultrastable Perovskites, or TEAMUP, seeks to help mitigate climate change by making a new generation of solar technology commercially … [More]
Design-Build Construction Firm Releases Q2 Construction Delivery Outlook Report
Leading design-build firm LGE Design Build released its second quarter Construction Delivery Outlook Report that monitors and analyzes the economic uncertainty and changes within construction labor, supply chain, material pricing, inflation and overall demand. “The recent turbulent years have taught us that the construction industry is resilient but that we need to be … [More]
Governor Hobbs Announces Arizona’s Title 42 Preparedness Approach
Ahead of the lifting of Title 42, Governor Hobbs today announced the state’s five-point preparedness approach outlining Arizona’s priorities for managing the expected influx of migrants. At the press conference, Hobbs was joined by DPS Director Jeffrey Glover, DEMA-EM Allen Clark, Pima County Sheriff Chris Nanos, Yuma Mayor Douglas Nicholls, and Representative Mariana … [More]
Job Openings Remain on Main Street, 92% of Owners Report No Qualified Applicants for Open Positions
Small business owners continue to struggle to find workers, with 45% (seasonally adjusted) of all owners reporting job openings they could not fill in the current period. The share of owners with unfilled job openings exceeds the 49-year historical average of 23%. Of those hiring or trying to hire, 92% of owners reported few or no qualified applications for the positions they … [More]
Meet 7 Exceptional AZ Tourism Leaders in 7 Days for 2023 National Travel & Tourism Week
Travel is essential in stimulating economic growth, creating job opportunities and bringing together friends, families and communities. But what’s essential to all travel are the exceptional industry professionals who work tirelessly to deliver these experiences to Arizonans and visitors throughout the year. As we celebrate 2023 National Travel and Tourism Week, starting on … [More]
Data Center Provider Announces Its First Phoenix Data Center Campus
Prime, a developer and operator of hyperscale and wholesale data centers in America and Europe, announced expansion into the Phoenix market with a five-building, 66.5-acre campus in Avondale. Prime Phoenix will feature 210 megawatts of critical power and 1.3 million square feet of space. The project will culminate in a sustainable, high-density data center campus designed to … [More]
More Restaurant Concepts Coming to Tempe’s Novus Place
Five restaurants, including some first-to-the-market concepts, have signed leases at Novus Place, the new main street entertainment district in the latest phase of the 355-acre Novus Innovation Corridor adjacent to Arizona State University’s Tempe campus. Among them are Blue Sushi Sake Grill, Eureka!, Over Easy, The Alley and Nautical Bowls. Flagship Restaurant Group’s … [More]
Phoenix Sky Harbor Bond Rating Upgrade with Record Passenger Numbers Echo Tourism Recovery
Moody's Investors Services raised its long-term rating to Aa2 from Aa3 on Phoenix Civic Improvement Corporation's (CIC) senior-lien general airport revenue bonds (GARBs) and raised its long-term rating to Aa3 from A1 on CIC's junior-lien GARBs, issued on behalf of Phoenix Sky Harbor International Airport (PHX). Both credits have stable outlooks. Moody's also assigns Aa2 to … [More]
Phoenix Suns, Phoenix Mercury Announce Groundbreaking Media Rights Deal
The Phoenix Suns and Mercury announced a new media rights deal with Gray Television, Inc. and Kiswe to deliver 100% of each team’s locally broadcast games via over-the-air television and streaming. Under the new deal, the Suns and Mercury games will be available to nearly 2.8 million households in Arizona, more than tripling the current number of homes the Suns and Mercury can … [More]
Arizona Manufacturers Tally a Staggering $77.6B in Sales for 2022, Says Report
Arizona manufacturers’ directly and indirectly sold $77.6 billion worth of goods and services in 2022, up nearly 40% from 2017, according to a new report by the Common Sense Institute Arizona (CSI), a nonpartisan research institute employing precise econometric analyses to bridge the gap between economic development and public policy. At approximately 9% of the state GDP and … [More]
