Idealab Arizona, a partner of Idealab Studio, the leading technology incubator, today announced the launch of a startup studio that co-founds Arizona State University-affiliated tech startups to increase commercialized intellectual property, startups and jobs in Arizona. Idealab Arizona will focus on startups in climate, medical, AI and advanced manufacturing to drive … [More]
Barrett-Jackson Supercharges Collector Car Hobby During Scottsdale Fall Auction with More Than $56.6M in Total Auction Sales
Barrett-Jackson, The World’s Greatest Collector Car Auctions, supercharged the collector car hobby during the 2024 Scottsdale Fall Auction, presented by Gila River Resorts & Casinos, Oct. 10-13 at WestWorld of Scottsdale. The four-day automotive lifestyle event featured 794 collectible vehicles that sold for more than $55 million, with a 99.9 percent sell-through rate. In … [More]
First Decline in Metro Phoenix Office Vacancy Rates in Five Years
The Phoenix Office of JLL has released its Q3 2024 Phoenix Office Market Dynamics report, noting a continued stabilization in the local office sector with vacancy rates decreasing, the sublease market showing positive trends and rental rates on the rebound. The total metro Phoenix office market vacancy rate decreased by 10 basis points during the third quarter to 25.1%. This … [More]
HonorHealth Named Primary Clinical Partner for New ASU School of Medicine
Arizona State University and HonorHealth, a locally owned nonprofit health system, announced today that they have finalized an agreement for HonorHealth to serve as the primary clinical affiliate for ASU’s School of Medicine and Advanced Medical Engineering, a central component of ASU Health. Driven by a mutual desire to advance health care through technology and humanity, … [More]
Chandler’s Everspin Partners on Lucid Motors’ Gravity Electric SUV
Everspin Technologies, Inc., the world’s leading developer and manufacturer of Magnetoresistive Random Access Memory (MRAM) persistent memory solutions, today announced that Lucid Motors will use its PERSYST MRAM in its recently released Gravity SUV. The MR25H256A, a 256Kb serial MRAM, was selected because it meets the AEC Q100 Grade 1 specification of -40C to 125C temperature … [More]
Main Street Uncertainty Reaches All-Time High, Says Survey
Small business optimism remains historically low in September
The NFIB Small Business Optimism Index rose by 0.3 points in September to 91.5. This is the 33rd consecutive month below the 50-year average of 98. The Uncertainty Index rose 11 points to 103, the highest reading recorded. Fifty-one percent of owners reported capital outlays in the last six months, down five points from August. Meanwhile, the number of owners reporting … [More]
Amkor and TSMC to Expand Partnership and Collaborate on Advanced Packaging in Arizona
Amkor Technology, Inc. and TSMC announced that the two companies have signed a memorandum of understanding to collaborate and bring advanced packaging and test capabilities to Arizona, further expanding the region’s semiconductor ecosystem. Amkor and TSMC have been closely collaborating to deliver high volume, leading-edge technologies for advanced packaging and testing of … [More]
Park Central Hosts New Cross Training and Education Program with BNI with Band Fellows From Vietnam
Park Central and the Phoenix Medical Quarter are hosting a groundbreaking partnership with leading neurologists from Vietnam and Barrow Neurological Institute. This cross-training and educational collaboration, initiated through key discussions held by Plaza Companies principals and Barrow Neurological Institute with the McCain Institute, signifies a new era of … [More]
World’s Leading Guitar Manufacturer Breaks Ground on New Arizona Co-Headquarters at PV
RED Development joined Fender Musical Instruments Corp., the world's leading guitar manufacturer, yesterday for a groundbreaking ceremony to mark the start of construction on its new Arizona co-headquarters in a fully dedicated facility slated to open in 2025 at PV, the more than $2 billion multi-phase, multi-year redevelopment of the former Paradise Valley … [More]
Honeywell Aerospace Technologies Launches Innovation Hub at ASU
Collaboration with ASU’s Ira A. Fulton Schools of Engineering will bring new equipment and professional expertise to ASU students
Honeywell opened the Honeywell Innovation Hub — a new space on Arizona State University’s Tempe campus launched in collaboration with Ira A. Fulton Schools of Engineering. Both the Fulton Schools and Honeywell are focused on empowering students to develop key engineering skills and solve the aerospace industry’s most pressing challenges. The opening of the hub supports … [More]
City of Phoenix Adopts Public Safety Improvements, Addresses Concerns in DOJ Investigation
City leaders reviewed significant improvements to public safety while also laying out initial plans for continued enhancements at a public policy session Tuesday in Phoenix City Council Chambers. Under the direction of the Phoenix City Council and with community input, the City’s service to the Phoenix community has experienced a period of significant change. The … [More]
Autonomous-Ready Electric Truck Co. to Establish Engineering Headquarters in Valley
Terraline, an autonomous-ready electric truck company revolutionizing freight transportation, announced plans to establish a new engineering headquarters in greater Phoenix, Arizona. The company is expected to create 30 new skilled engineering jobs. Terraline’s engineering headquarters will be the focal point of development for their new 500+ mile battery electric long haul … [More]
Plug and Play accelerateAZ Announces Sustainability Accelerator Program Partners
Plug and Play accelerateAZ, a program of the Arizona Commerce Authority, announced at the Arizona Innovation Expo three corporate partners for the Sustainability Accelerator program: Honeywell Aerospace Technologies, NSF Engines: Southwest Sustainability Innovation Engine (SWSIE) and EPCOR. The Plug and Play accelerateAZ Sustainability Accelerator will champion … [More]
Arizona Voters Want Long-Term Planning and Stable Revenue to Support Future Growth
Center for the Future of Arizona announced results from its latest 2024 Arizona Voters' Agenda survey, providing voters' views of taxes, state spending, and long-term planning ahead of the November general election. This survey research is part of CFA's ongoing efforts to center the voices of Arizonans during election season and highlight areas where likely voters agree across … [More]
ASU Details Impact of State Cuts to Higher Ed Funding
$24 million in cuts from state government force tuition surcharge, lost scholarships, reduction in Arizona Teachers Academy, and end of ASU Lake Havasu Center
Arizona State University will add a tuition surcharge for on-campus students in spring 2025 and the Arizona Teachers Academy faces an uncertain future, the result of recent budget cuts passed by the state Legislature and signed by the governor. More than 2,600 Arizona resident students also could be impacted by the expected decrease in ASU’s allocation for the Arizona Promise … [More]
Data Center Developer Plans New Data Center Region in Phoenix
5C Data Centers, a provider of state-of-the-art data center services, has announced plans to launch a new region in Phoenix, Arizona. The first facility in the region, PHX01, is scheduled to go live in 2025. Located in one of the fastest growing hyperscale data center regions in North America, and within miles of downtown Phoenix, the first data center will comprise 140,000 … [More]
Governor Hobbs Announces Nearly $8 Million to Support Arizona Small Businesses
Arizona Commerce Authority awarded Department of Treasury Grant to provide critical support to small businesses
Governor Katie Hobbs and the Arizona Commerce Authority announced Arizona will receive a $7.9 million grant from the U.S. Department of Treasury as part of their State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). Since taking office, Governor Hobbs has met with countless small business owners and understands the need … [More]
White House, DOD Officials Award $29.6.M for 5 SWAP Hub Projects at ASU
CHIPS Act investment powers collaborative effort to advance US microelectronics manufacturing
White House and U.S. Department of Defense officials joined industry and university partners at Arizona State University to spotlight five new investments announced this week to help strengthen the nation's chip-making capabilities and reduce dependency on foreign sources of microelectronics. The five new projects were awarded millions under the CHIPS and Science Act-funded … [More]
