HonorHealth, a leading healthcare system serving more than five million people in the greater Phoenix and Scottsdale areas, has agreed to assume operational control of several Arizona-based Steward Health Care facilities. Beginning today, HonorHealth will assume daily operations of the following Steward Health Care facilities: Mountain Vista Medical Center in Mesa … [More]
Governor Launches Talent Ready AZ Initiative, Announces Workforce Cabinet
Governor Katie Hobbs launched the Talent Ready AZ Initiative to effectively coordinate her cabinet’s resources and leadership behind connecting Arizonans to the education and training they need to secure good-paying jobs and fill growing industry needs. Building a ready workforce stands as one of the biggest economic demands and opportunities for Arizona as our state continues … [More]
Arizona Tech Job Growth Lagging Behind Other Southwest States, Says Report
While tech job demand remains high in Arizona, it lags behind Nevada, Utah and Texas in current and projected rrowth
The Arizona Technology Council released its Q1 2024 Arizona Technology Industry Impact Report. Takeaways from the report focused on job growth throughout the Southwest. Arizona technology job demand remains high but still lags Nevada, Utah and Texas. In Q1 2024, technology job growth sat at 3% in Arizona, tied with California, while other states reported job growth of 4% or … [More]
Small Business Optimism Dips in August, Erasing July Gains
Main Street owners grapple with uncertainty as sales expectations decrease
The NFIB Small Business Optimism Index fell by 2.5 points in August to 91.2, erasing all of July’s gain. This is the 32nd consecutive month below the 50-year average of 98. The Uncertainty Index rose to 92, its highest level since October 2020. Inflation remains the top issue among small business owners, with 24% of owners reporting it as their top small business operating … [More]
International Law Firm Combines with Well-Known Phoenix Firm to Form Powerhouse Law Practice
Womble Bond Dickinson (US) and Lewis Roca announced that the two large, multi-practice law firms have approved a combination, creating a powerhouse firm of more than 1,300 attorneys in 37 offices in the United States and the United Kingdom. The combination will provide clients with enhanced capabilities across practices and sectors, as well as the resources of an expansive … [More]
Phoenix Housing Market Sees Price Gains, but Sales Lag as Summer Slows
The number of new listings and the median sales prices keep climbing, according to year-to-date data from Phoenix REALTORS. The summer doldrums continue into September, with August’s sales and closings to date running below last year’s numbers. “Federal Reserve watchers predict a possible large interest rate cut after the August jobs report,” said Sheryl Bowden, Phoenix … [More]
Arizona Office of Economic Opportunity Awarded $685,200 for Green Economy Workforce Development
New grant initiative to identify, assess and facilitate green jobs opportunities in Arizona
Arizona’s Office of Economic Opportunity (OEO) has been awarded a $685,200 grant for its Green Economy Workforce Initiative. With the grant, OEO will identify emerging green industries, evaluate regional job opportunities, and address workforce gaps to guide targeted workforce development investments. The grant is from the Powering Climate & Infrastructure Careers … [More]
Small Business Optimism Improves in Industry-Specific Report, Says Survey
Survey focuses on the construction, manufacturing, retail, and services industries
The NFIB Research Center released an industry-specific quarterly Small Business Economic Trends survey highlighting the construction, manufacturing, retail, and services industries. “Small business optimism showed signs of improving over the last few months. While conditions remain tough overall, owners report feeling positive about the future of the economy, especially in … [More]
Goodwill of Central and Northern Arizona Is Empowering Other Regions through Major Partnership with Goodwill of the San Francisco Bay
Our exclusive interview with Tim O’Neal, president and chief executive officer
Goodwill of Central and Northern Arizona and Goodwill of the San Francisco Bay jointly announced today that they have activated a partnership agreement between the two organizations. These Goodwill organizations will work together as one team to bring best-practices in mission advancement and retail expertise to their respective regions. Combined, the organization will now be … [More]
Resource Innovations Partners with Office of Resiliency to Launch ‘Efficiency Arizona’ Energy Saving Programs
Resource Innovations has joined in partnership with the Arizona Governor's Office of Resiliency to launch Efficiency Arizona, an initiative that will distribute federal dollars to Arizona residents to increase energy efficiency in homes. The statewide initiative, set to roll out in phases starting this fall, is designed to enhance energy efficiency, promote clean energy, and … [More]
Developer’s 10th Arizona Battery Energy Storage Center Up and Running
Invenergy, the leading privately-held developer, owner, and operator of sustainable energy solutions, announced completion of the El Sol Energy Storage Center (50 MW), marking its 10th battery energy storage project in Arizona to reach commercial operations since the start of 2023. Notably, Invenergy's project portfolio accounts for nearly half of all storage facilities to come … [More]
Data Center Master Planner Closes on 2,069 acres in Buckeye, among the Largest Data Tech Parks in U.S.
Acquisition will support one of the largest data center technology parks in the country
Tract, a developer of master-planned data center parks, announced its acquisition of a 2,069-acre land parcel in Buckeye, Arizona. The land acquisition will be one of the largest data center parks in the United States anticipating up to 20 million square feet of data center space across as many as 40 individual data centers at full build-out. Tract is currently working with the … [More]
HUD Awards $2.5 Million Choice Neighborhoods Supplemental Grant to Phoenix’s Edison-Eastlake Neighborhood
On Tuesday, the U.S. Department of Housing and Urban Development (HUD) awarded a $2.5 million Choice Neighborhoods Supplemental Grant to the City of Phoenix, to continue the revitalization of the Edison-Eastlake neighborhood. The grant presentation took place in the heart of the neighborhood, at Soluna, where City officials, community leaders, residents and HUD officials … [More]
Uber and Cruise to Deploy Autonomous Vehicles on the Uber Platform, Resumed Service in Phoenix
Uber Technologies, Inc. and Cruise, two companies revolutionizing transportation, announced a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber platform. The companies plan to launch the partnership next year with a dedicated number of Chevy Bolt-based autonomous vehicles. Once launched, when an Uber rider requests a qualifying ride on the Uber … [More]
SRP Unveils 2023 First-Ever Supplier Diversity Economic Impact Report
Salt River Project (SRP) has released its first-ever Supplier Diversity Economic Impact Report, highlighting substantial economic impacts in Arizona including $243.3 million in spending with diverse suppliers that bolstered local economies and supported thousands of jobs. The report underscores the utility’s robust economic contributions and dedication to fostering diverse … [More]
NCAA Men’s Final Four Creates Big Impact on Arizona’s Economy
The 2024 NCAA Men’s Final Four generated $429 million in economic impact, according to a study by Arizona State University’s Seidman Research Institute. The event also generated $256.9 million for the state’s Gross Domestic Product (GDP). “Hosting the Men’s Final Four was a tremendous slam dunk for Phoenix, as we proudly welcomed the third … [More]
Semiconductor Equipment Cleaning and Coating Facility to be Built in Mesa
Representing an over $50 million capital investment, the facility will create over 200 new jobs
KoMiCo, a global leader in precision cleaning and advanced coatings in the semiconductor industry, signed a purchase agreement to develop a state-of-the-art facility for advanced semiconductor equipment parts cleaning, coating, and repair in Mesa, Arizona. Located in the Superstition Springs area of southeast Mesa, the facility is expected to be operational by 2026, creating … [More]
Phoenix Ranks among Top Markets with Largest Number of Industrial Leases during the First Half of 2024
Industrial users leased more huge warehouses in this year’s first half, aided by lower lease rates and higher vacancy
Phoenix ranks sixth nationally among the markets with the largest share of the top 100 industrial leases in the first half of 2024, according to a new report from CBRE. Phoenix had five of the top 100 largest leases, totaling 4.6 million sq. ft. Three of the five leases were signed by e-commerce businesses, with manufacturing companies and third-party logistics operators each … [More]
