Toyota USA Foundation announced grants of up to $9.3 million to prepare Chandler and Tempe students for future careers in science, technology, engineering and math (STEM). The collaboration is part of the Driving Possibilities initiative and is a five-year phased rollout of programing in select schools. "Our goal is to increase awareness of future STEM careers while helping … [More]
Annual US Home Price Growth Moves Up Gradually Again, Metro Phoenix Considered Overvalued
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for January 2024. Year-over-year home price gains reached the highest rate in a year in January, but growth is expected to begin slowing in the coming months, falling to 2.6% by early 2025. Both higher … [More]
Pentagon Technologies to Build Semiconductor Equipment Cleaning Facility in Mesa
Representing an over $50 million investment, the facility will create up to 300 new jobs
Pentagon Technologies Group, Inc., a wholly owned subsidiary of Kurita Water Industries, Ltd., a critical materials supplier of advanced chamber cleaning equipment consumables to leading-edge semiconductor foundries, announced that it is building a new cleaning facility in Mesa, Arizona. The facility is expected to be operational in Q4 2024. Pentagon’s project is underway … [More]
KOREPlex Site Plan Receives Key Approval, Project to Deliver a $1.25B Investment in Buckeye
The KOREPlex, which is central to KORE Power, inc.’s (KORE) plan to build an American lithium-ion battery supply chain, received a key approval this week, when the City of Buckeye’s Planning and Zoning Commission unanimously approved plans for Phases 1 and 2 at the site. “We have worked closely with the City of Buckeye to design a manufacturing facility that is a significant … [More]
U.S. Housing Market Gained $2 Trillion in Value over the Last Year, Says Report
The total value of U.S. homes jumped 5% to $47.5 trillion, the biggest gain in nearly a year, as a shortage of houses for sale propped up values
The U.S. housing market gained $2.4 trillion over the last year, bringing its total value to $47.5 trillion, according to a new report from Redfin, the technology-powered real estate brokerage. That’s based on an analysis of the Redfin Estimate for more than 90 million U.S. residential properties as of December 2023. In percentage terms, the total value of U.S. homes … [More]
Arizona among States with the Largest Fall in Job Openings, Says Study
Job markets around the world have struggled throughout 2023 due to factors such as inflation driving up costs and triggering widespread layoffs. Across the U.S. there were 1.7 million fewer jobs available in October 2023 than there were in October 2022. Side hustle experts Wealth of Geeks have analyzed the latest data from the Bureau of Labor Statistics which showed the … [More]
Arizona Board of Regents Paves the Way for ASU’s New Medical School, M.D. Degree
In a major step toward better health care for Arizonans, today the Arizona Board of Regents approved the creation of a new medical school at Arizona State University, which will open its doors to future doctors in the fall of 2026. “ASU's innovative medical and engineering program is poised to cultivate world-class physicians and secure a healthier future for our families … [More]
$500,000 Grant Will Support Development, Preservation of Affordable Rents and Mortgages
Regional Community Partners, the nonprofit arm of the Maricopa Association of Governments, received $500,000 in grant funding from the JPMorgan Chase Foundation to support local governments in the development and preservation of housing people can afford. During the last 10 years, the Phoenix metropolitan region has lost 86 percent of rental units that are less than $1,000 a … [More]
Department of State and ASU Announce New ITSI Initiative to Build Resilient International Microelectronics Supply Chain
University also signs new agreement with government ministries in Costa Rica
Well-known by now is that the CHIPS and Science Act of 2022 was designed to re-establish semiconductor manufacturing, research and development in the United States — onshoring, as it is sometimes called. But a less well-known part of the CHIPS Act strategy is about establishing a resilient supply chain in countries America would regard as political and economic allies – known … [More]
Phoenix-Mesa Gateway Airport’s $28 Million, 5-Gate, 30,000-SF Terminal Addition Opens
General contractor McCarthy Building Companies recently completed construction of the Phoenix-Mesa Gateway Airport’s (Gateway Airport) new 30,000-square-foot, five-gate terminal modernization project. The approximately $28 million project replaces a 14-year-old temporary passenger terminal annex, originally purchased in 2008 to accommodate airport’s increased flight … [More]
U.S. Annual Rent Growth Remains Slow but Steady, Tucson Registered the Second-Highest Annual Gain
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. Annual single-family rent growth remained in line with pre-pandemic trends in December. San Francisco posted the largest … [More]
Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising
New listings dropped 1.2% month over month on a seasonally adjusted basis, the first decline since June, according to a new report from Redfin, the technology-powered real estate brokerage. They were up 2.7% from a year earlier, but that marks a deceleration from December’s 4.2% gain. Active listings (the total number of homes for sale) fell 0.3% from a month earlier on a … [More]
ACA Allocates $13M to Northern Arizona University for Semiconductor Training and Research
The Arizona Commerce Authority (ACA) announced a $13 million investment in Northern Arizona University (NAU) to expand training programs and research related to metrology, a foundational component of semiconductor manufacturing and innovation. NAU will leverage the investment to enhance Arizona’s semiconductor ecosystem, including establishing: A Microelectronics … [More]
Investors Bought 26% of the Country’s Most Affordable Homes in the Fourth Quarter, Highest Share on Record
Overall, investor home purchases dropped 11% from a year earlier, the smallest decline since they began falling in 2022
Real estate investors bought 26.1% of low-priced U.S. homes that sold in the fourth quarter, according to a new report from Redfin, the technology-powered real estate brokerage. That’s the highest share on record and is up from 24% a year earlier. By comparison, investors purchased 13.6% of mid-priced homes that sold (vs 14.3% a year earlier) and 15.9% of high-priced homes that … [More]
Small Business Owners Expectations for Higher Sales Declined in January
The NFIB Small Business Optimism Index decreased two points in January to 89.9, marking the 25th consecutive month below the 50-year average of 98. The net percent of owners who expect real sales to be higher declined 12 points from December to a net negative 16% (seasonally adjusted), a very negative shift in expectations. “Small business owners continue to make appropriate … [More]
Delta Dental of Arizona, University of Arizona Announce Creation of Oral Health Medical Initiative
The University of Arizona College of Medicine - Phoenix and Delta Dental of Arizona are partnering to create the Oral Health In Medicine Initiative (OHMI). The partnership – made through a $850,000 investment by the Delta Dental of Arizona Foundation – will increase oral health education for all medical students at the University of Arizona College of Medicine – Phoenix and is … [More]
People Are Moving Out of Areas with Poor Air Quality, Phoenix Net In-Migration Continues to Increase
Places facing high risk from poor air quality are losing residents faster than they used to, while places with low risk are gaining residents faster than they used to, according to a new report from Redfin, the technology-powered real estate brokerage. In 2021-2022, 1.2 million more people moved out of than into U.S. metros facing high risk from poor air quality, more than … [More]
Top 10 States to Which Gen Zers Are Moving, Arizona Barely Makes the List
Gen Z may prioritize job opportunities and sunshine over affordability when moving out of state. A new Zillow® analysis of the U.S. Census Bureau's 2022 American Community Survey (ACS) finds Gen Z interstate movers flocked to California, even as the state experienced the highest outbound migration among all out-of-state movers. Nearly 215,000 movers left California in 2022, … [More]
