Charitable Trust Appoints Steve Zabilski as Successor CEO, Expands Board of Trustees

inbusinessPHX.com

The Board of Trustees of Virginia G. Piper Charitable Trust has named Steve Zabilski as its President and CEO effective April 1, 2023; the Board has also appointed three new Trustees: Lori Higuera, Assistant General Counsel–Employment, Freeport-McMoRan; Paul Mulligan, President and CEO, Catholic Charities Community Services; and Ed Zuercher, former Phoenix City Manager and … [More]

Corning Announces New Cable Manufacturing Facility in Gilbert

inbusinessPHX.com

Corning Incorporated, one of the world's leading innovators in materials science, announced today it is expanding its manufacturing capacity for optical cable, based on a long-term relationship with AT&T as the nation’s largest fiber internet provider expands its fiber footprint. Corning will build a new cable manufacturing facility in Gilbert, Arizona, creating 250 jobs. … [More]

First Solar to Invest up to $1.2 Billion in American-Made Solar Production

inbusinessPHX.com

First Solar, Inc. announced that it plans to invest up to $1.2 billion in scaling production of American-made, responsibly-produced photovoltaic (PV) solar modules, directly supporting the country’s transition to a decarbonized future and enabling the fight against climate change. The investment is forecast to expand the company’s ability to produce American-made solar modules … [More]

Transport and Logistics Provider to Hire 350 Seasonal Workers in the Phoenix Area

inbusinessPHX.com

According to Insider Intelligence, the 2022 peak season is expected to see healthy consumer spending patterns continue after record 2021 holiday sales as global supply chains continue to stabilize. To anticipate demand, GEODIS plans to hire seasonal employees to join its existing workforce of more than 13,000 employees across the U.S. and Canada. "With the economic … [More]

Frontier Airlines Announces 10 New Routes from PHX

inbusinessPHX.com

Phoenix's fourth largest carrier, Frontier Airlines, announced ten new routes that will begin in the winter season. Frontier President and CEO Barry Biffle announced the routes today from the recently re-modernized Terminal 3 along with Phoenix Councilwoman Ann O'Brien and Phoenix Director of Aviation Services Chad Makovsky. “Frontier Airlines will … [More]

More Home Sellers Retreat amid Falling Prices, Volatile Mortgage Rates

inbusinessPHX.com

New listings of homes for sale fell 15% year over year in the four weeks ending August 21, the biggest annual decline since the start of the pandemic. As a result, the supply of for-sale homes fell 0.6% from the previous four-week period–a slight decline, but just the second such drop since February, according to a new report from Redfin, the technology-powered real estate … [More]

Intel Partnership to Invest $30B in Leading-Edge Chip Factories in Arizona

inbusinessPHX.com

Intel Corporation announced a first-of-its-kind Semiconductor Co-Investment Program (SCIP) that introduces a new funding model to the capital-intensive semiconductor industry. As part of its program, Intel has signed a definitive agreement with the infrastructure affiliate of Brookfield Asset Management, one of the largest global alternative asset managers, which will provide … [More]

SBA Announces New Collaboration & Webinar Series to Help Navigate Today’s Economic Challenges

U.S. Small Business Administration

Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, and John Arensmeyer, founder and CEO of Small Business Majority, signed a co-sponsorship agreement to partner on a new webinar series, “The Bottom Line”, to introduce our small businesses across … [More]

Study: Colorado River Basin Residents Using Less Water Outdoors in 2022

inbusinessPHX.com

Flume Data Labs released the Q2 2022 update to the Household Water Use Index, the leading measure of U.S. household water use. Flume Data Labs publishes the Household Water Use Index quarterly, regularly assessing water use across the top 15 Metropolitan Statistical Areas (MSAs). Analysis is based on data from tens of thousands of sensors installed on household water meters … [More]

Investor Home Purchases Plateau, Phoenix among Top Markets for Investors

inbusinessPHX.com

Real estate investors purchased 87,500 U.S. homes in the second quarter, up 11% quarter over quarter and 5.9% year over year, according to a new report from Redfin, the technology-powered real estate brokerage. That’s down from the all-time high of 93,700 in the third quarter of 2021, the height of the pandemic-driven homebuying frenzy. Still, investors are buying far more … [More]

15 Valley Women Honored, Celebrating Giving Back to Our Community through Event Oct. 7

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In Business Magazine is, once again, bringing together top local women of achievement to share their stories and inspire Valley business leaders at the annual Women of Achievement event on Friday, October 7, 2022, in an inspiring in-person luncheon event. Fifteen Valley Women of Achievement are being celebrated for their achievements and service to our community. In Business … [More]

$600K for Phoenix Community Health Centers to Advance Health Equity through Improved Data

inbusinessPHX.com

$588,904 in American Rescue Plan funding from the Department of Health and Human Services will be given to nine Phoenix community health centers to bolster health equity efforts through better data collection and reporting. "Tragically, the coronavirus pandemic amplified the inequities in our health system that have existed for decades,” said Rep. Gallego. “But now we have a … [More]

Arizona Ahead of National Tourism Recovery Pace in 2021

inbusinessPHX.com

Arizona’s status as a top-choice travel destination was reaffirmed again last year, as the state’s recovery of both visitor spending and overnight stays outpaced the national average, according to new research released in July by the Arizona Office of Tourism (AOT). In calendar year 2021, overnight visitors spent $23.6 billion across Arizona, which is 92% of the all-time … [More]

Arizona Workers Reached Peak Burnout on July 3rd, Reveals Study

inbusinessPHX.com

Thanks to technology that has made us reachable whenever, wherever, many peoples’ jobs have morphed into round-the-clock activities, and remote working has made it even more difficult to unplug. Phones are set to mirror work-related email and calendar notifications (even after hours). But this continual hustle can result in chronic workplace stress, leading to debilitating … [More]

VIDEO: Phoenix Awarded $25M RAISE Grant to Build Rio Salado Bike/Ped Bridge

inbusinessPHX.com

U.S. Department of Transportation Secretary Pete Buttigieg and Phoenix Mayor Kate Gallego joined a host of community members and elected officials on Thursday at the Rio Salado Audubon Center to announce that the City of Phoenix is the recipient of a $25 million Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant. City staff submitted an application … [More]

Homebuyer Competition Falls to Lowest Level since April 2020, Phoenix Is Lowest

inbusinessPHX.com

Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate of 50.9% one month earlier and 63.8% one year earlier, according to a new report from Redfin, the technology-powered real estate brokerage. That’s the sixth-straight monthly decline and the lowest share on record with the exception of … [More]

New York Entertainment Media Co. Acquires Majority Stake in Barrett-Jackson

inbusinessPHX.com

IMG, an Endeavor company and global leader in events, media, sports and fashion, has acquired a majority stake in Barrett-Jackson, the premier collector car auction and live events company. IMG, which owns, operates and commercially represents hundreds of events around the world, including Frieze art fairs, the Madrid and Miami Open tennis tournaments, Formula Drift, and New … [More]

Homebuyers Looking to Relocate Jumped to New Record in July. Phoenix Falls in Ranking

inbusinessPHX.com

The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable areas, according to a new report from Redfin, the technology-powered real estate brokerage. After many months as one of the three most popular destinations, Phoenix fell to number 6 in July, with a sizable decline in … [More]

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