Blue Cross Blue Shield of Arizona announces it is expanding its strategy beyond health insurance and toward health solutions. AZ Blue has launched a new company, Prosano Health Solutions, Inc., to become an integral part of improving healthcare for Arizonans. Both AZ Blue and Prosano Health Solutions, Inc. share the same mission: To Inspire Health and Make It Easy. In … [More]
The Spring 2023 Homebuying Season Never Happened
As spring turns into summer, it’s official: The traditionally hot spring homebuying season didn’t come to fruition in 2023. That’s according to a new report from Redfin, the technology-powered real estate brokerage. This year, instead of the calendar determining the homebuying season, the Federal Reserve is dictating when people buy and sell. And so far, the Fed's actions are … [More]
New Study for Brand Marketers Reveals Surprising Trends about U.S. Latinos
The U.S. Hispanic Chamber of Commerce (USHCC), America's leading small business advocacy group, and Chemistry Cultura, a minority-certified marketing agency with several Fortune 500 clients, unveiled a jointly-commissioned research study called THE LATINO MOSAIC. The statistically significant survey polled 1,427 U.S. Hispanic adults, from a wide swath across country-of-origin, … [More]
Affordability Crisis: United States Needs 4.3 Million More Homes, Phoenix Needs 87,000
A significant shortage of affordable housing options is fueling America's affordability crisis, particularly for those looking to move out on their own for the first time, a new Zillow analysis shows. This huge housing deficit underscores the need for policies and investments that can boost construction. This lack of housing — especially affordable options — has left … [More]
Education at Work Program Connects College Students with Healthcare Jobs
Blue Cross Blue Shield of Arizona (AZ Blue), which provides health insurance and related services to more than 1.9 million Arizonans, today announced the expansion of a year-old partnership with Arizona State University and national nonprofit Education at Work (EAW). Launched in 2021, the program enables students to gain valuable healthcare industry experience while earning … [More]
ASU Partners with Starbucks on Its New Sustainability Innovation Lab in Costa Rica
Starbucks today announced plans to develop a new sustainability learning and innovation lab at Hacienda Alsacia — the company’s global agronomy headquarters for research and development, located in Costa Rica. And ASU will play an important role, working with Starbucks as early as this fall to offer educational programming for select Arizona State … [More]
Nikola to Reduce Personnel by Roughly 150 in Effort to Reduce Cash Spend
Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced a progress update on its business optimization efforts, which are expected to result in a marked decrease in cash spend and streamlining of operations. In conjunction with these initiatives, Nikola conducted a thorough … [More]
Report: Intel Highlights Arizona Impact in 2023 RISE Report
Intel Corporation, Arizona’s largest technology manufacturer, has unveiled its local progress towards achieving its 2030 companywide goals of responsible, inclusive, and sustainable business practices in its 2023 RISE Report. In the report, Intel outlines the company's multi-faceted impact on Arizona communities through local purchasing, charitable donations, volunteerism, … [More]
Consumer Prices Rose 4% in the Year through May, a Sign Inflation Is Cooling
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in May on a seasonally adjusted basis, after increasing 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.0 percent before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items … [More]
Valley Tech Innovator Selected by Nasdaq for 100 Index
onsemi, a leader in intelligent power and sensing technologies, will be added to the Nasdaq-100 Index® prior to market open on Tuesday, June 20, 2023. The inclusion comes after two consecutive years of record results, tripling the company’s market cap over the last 30 months. The company closed out 2022 with $8.3 billion in revenue and with earnings growing 3x faster than … [More]
U.S. Home Borrowers See First Annual Home Equity Losses since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released the Homeowner Equity Report (HER) for the first quarter of 2023. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 0.7% year over year, representing a collective loss of $108.4 billion, and an … [More]
KORE Power Receives Conditional Commitment for $850M for Advanced Battery Manufacturing at Buckeye Facility
KORE Power, Inc. has received a conditional commitment from the U.S. Department of Energy’s Loan Programs Office (LPO) for a loan in the principal amount of $850 million under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The loan will be used to fund the construction of KORE’s advanced battery cell manufacturing facility in Buckeye, Arizona. The … [More]
Helios Education Foundation Grants $950K to Education and Workforce Initiative
The Helios Education Foundation awarded a $950,000 grant over two years to the Greater Phoenix Chamber Foundation’s (the Foundation) education initiative, ElevateEdAZ, to help expand dual enrollment. ElevateEdAZ works to align education to workforce learning pathways with the needs of Arizona’s leading industries. The primary objectives include increasing the number of students … [More]
Supply Shortage Worsens, Propping Up Prices as Phoenix Home-Sale Prices Decline 7.9%
New listings of homes for sale fell 25% year over year to their lowest level of any early June on record. That’s according to a new report from Redfin, the technology-powered real estate brokerage, which analyzed new listings of homes for sale during the four weeks ending June 4. The continued lack of new listings has pushed the total number of homes on the market down 5% … [More]
Arizona Wins Third Consecutive Gold Shovel Award; TSMC’s $40B Investment in Phoenix Wins ‘Manufacturing Project of the Year’
Arizona was awarded a prestigious “Gold Shovel” award from Area Development Magazine in the 6-10 million population category, marking the state’s third consecutive gold shovel. Considering economic development projects that were announced, commenced construction or operations in 2022, the Shovel Awards recognize states that “garnered large job-creating and investment projects … [More]
ASU to Launch Medical School
The Arizona Board of Regents has asked Arizona State University to expand medical education in Arizona by launching a new medical school, one charged with addressing the significant and growing health care needs of the state. The new ASU School of Medicine and Advanced Medical Engineering will integrate clinical medicine, biomedical science and engineering, … [More]
Phoenix Is the Top Metro for Build-to-Rent Construction
Single-family rentals are booming across the U.S., with 45,000 new homes for rent built in the last 5 years. Out of these, an all-time high of 14,541 new homes were completed in 2022 alone — and this trend isn’t showing signs of slowing down one bit. Our new build-to-rent report maps the construction of build-to-rent communities (BTR) throughout 100 U.S. metros and offers a … [More]
Governor Hobbs Unveils 100-Year Study to Protect Valley Groundwater Supplies; Announces $40M Investment in Arizona Water Resiliency Fund
Last week, Governor Katie Hobbs unveiled the Phoenix Active Management Area (AMA) Groundwater Model and the Arizona Department of Water Resources’ latest study of groundwater conditions across the Phoenix metropolitan area. The groundwater model evaluates water level changes after 100 years of existing and projected pumping, and gives water managers critical information to … [More]
