Economic Development in the news

Arizona wins third consecutive Gold Shovel Award for high quality job creation

Arizona today was awarded a prestigious “Gold Shovel” award from Area Development Magazine in the 6-10 million population category, marking the state’s third consecutive award

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ASU retains No. 1 in US and top 10 spot globally in UN Sustainable Development Goals ranking

Times Higher Education’s Impact Rankings recognize university’s work across variety of initiatives

Read on news.asu.edu

Arizona emphasizes sustainability as the state sees continued growth

Sustainability is also at the fore in Valley municipal governments, including the city of Phoenix, which has developed innovative approaches to incentivizing businesses to go green

Read on bizjournals.com

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.com

More 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

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Governor Ducey Announces $100 Million To Enhance Arizona Semiconductor Ecosystem

Historic funding increases Arizona competitiveness for additional public, private investment

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Arizona’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.com

Manufacturing 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.com

Chang 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

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Shoring 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,

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Arizona 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.com

Strong 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.com

Paramount 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.org

More 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)

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Ambassador 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

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Phoenix-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.

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U.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.gov

Greater 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.org

Tempe 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.com

LG 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.com