Economic Development in the news
U.S. jobs report today: Economy added 517,000 jobs despite recession risk; unemployment fell to 3.4%
Employers added a booming 517,000 jobs in January as hiring unexpectedly surged despite high inflation, rising interest rates
Read on azcentral.comMore than golf and parties: Phoenix Open creates forum for pitching Arizona to out-of-state businesses
Even during the Feb. 8 practice round at the massive golf tournament, it was hard for out-of-state visitors not to feel some buzz about Arizona’s expanding economy
Read on azcentral.comGovernor Ducey Announces $100 Million To Enhance Arizona Semiconductor Ecosystem
Historic funding increases Arizona competitiveness for additional public, private investment
Read on azcommerce.comArizona’s semiconductor sector set to thrive as policy encourages domestic production
Sen. Kyrsten Sinema last week visited the MacroTechnology Works facility at Arizona State University to observe the impact of the CHIPS and Science Act
Read on chamberbusinessnews.comManufacturing Grows In Arizona
Low corporate taxes and infrastructure improvements make the Grand Canyon State an attractive choice for companies seeking an agile environment.
Read on businessfacilities.comChang Chun Arizona Breaks Ground on Manufacturing Facility in Casa Grande
Chang Chun Arizona, a leading petrochemical supplier based in Taiwan, broke ground today on its first U.S. manufacturing facility in Casa Grande, Arizona. The facility is expected
Read on azcommerce.comShoring Up Semiconductors
Tiny semiconductors have an outsized effect on global commerce. The foundation in almost every sector of electronics, semiconductors enable people to work remotely, order online,
Read on businessfacilities.comArizona Business Index provides barometer of economic health of the region, consumer confidence
For all intents and purposes, it appears the ‘Great Resignation’ has reached its peak meanwhile Arizona economists say inflation and the looming increase of interest rates is
Read on phoenixchamber.comStrong economic growth ensures Arizona in 2023 to have nation’s lowest flat tax
Arizona’s state income tax rate beginning January 1, 2023 will be a flat 2.5%, one year earlier than originally anticipated. Gov. Doug Ducey announced the news in a statement last
Read on chamberbusinessnews.comParamount Global Surfaces Distribution Warehouse Opening in Goodyear
Paramount Global Surfaces (PGS), Happy Floors, and Stone Source announced today the launch of a new west coast warehouse in Goodyear, Arizona. The 144,000 square-foot facility will
Read on gpec.orgMore Jobs Than Ever Before; Arizona Economic Development Sets Record Again
o For the second year in a row, Arizona economic development efforts broke records. During the 12-month fiscal period that ended June 30, 2022, the Arizona Commerce Authority (ACA)
Read on azcommerce.comAmbassador Judy Rising Reinke participated in a roundtable with Montenegrin and other regional startups and U.S. partners
Ambassador Judy Rising Reinke participated in a roundtable with Montenegrin and other regional startups and U.S. partners titled “Digital Den Connects: Continents.” This third and
Read on me.usembassy.govPhoenix-Mesa Gateway dedicates air traffic control tower to John McCain
A brand new $30 million air traffic control tower at the Phoenix-Mesa Gateway Airport was dedicated to late Senator John McCain.
Read on azfamily.comU.S. Secretary of Commerce Gina Raimondo Appoints Members of U.S. Investment Advisory Council (IAC)
Today, U.S. Secretary of Commerce Gina Raimondo announced the names of 34 international business and economic leaders who will advise the Secretary of Commerce on how government
Read on commerce.govGreater Phoenix Is a Major U.S. Semiconductor Manufacturing Hub
As a region, Greater Phoenix is fast-paced, dynamic and possesses an unapologetic willingness to get things done, making it one of the top cities to do business.
Read on gpec.orgTempe streetcar service launches with free rides to be provided for first year
After four years of construction, Tempe and Valley Metro launched its streetcar service in the East Valley city. The three-mile route will shuttle riders across 14 stops
Read on ktar.comLG Energy Solution will build $1.4B battery factory in Queen Creek
LG Energy Solution announced that the company is investing KRW 1.7 trillion ($1.4 billion) for the construction of a new cylindrical battery factory in Queen Creek, Arizona.
Read on azbigmedia.comPhoenix is No. 2 market in U.S. for industrial development
Based on provisional estimates, up to 592.5 million square feet of industrial space is currently under construction nationally. With industrial development gearing up and demand
Read on azbigmedia.comHow Arizona expertise could help solve global water challenges
Arizona’s rapidly growing technology sphere includes industries like semiconductors, electric vehicles, automated vehicles, batteries, quantum computing and more.
Read on bizjournals.comSendoso Invests Over $40 Million in Future of Work with New Arizona Office and HQ
“It’s great to see yet another California company relocating to Arizona for more opportunity,” said Governor Doug Ducey.
Read on gpec.org