Insights & Market Data

Large blue letters spelling HADRIAN.

Hadrian to invest $200 million to establish manufacturing...

July 17, 2025

Advanced manufacturer Hadrian announces new Factory 3 facility, which will support the creation of 350 new jobs MESA, AZ (July 17, 2025) – Today, Hadrian, the advanced manufacturing company building AI-powered factories for America, announced plans to establish a large-scale manufacturing and software hub, known as Factory 3 (F3) in Mesa, Arizona. The 270,000-square foot […]

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How Research and Development Powers Our Economy

by Chris Camacho, President & CEO, Greater Phoenix Economic Council Research and development is one of the most powerful forces shaping Greater Phoenix’s economy. Though often behind the scenes, R&D drives the innovation, job creation and talent development that keep our region globally competitive—and it’s only accelerating. Behind every major economic milestone is a network […]

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Six people stand in front of a blue sign with the Moses Lake Industries logo, under a balloon arch.

Moses Lake Industries celebrates grand opening of advanced...

June 25, 2025

Chemical solutions company Moses Lake Industries opens nearly $100 million facility to advance semiconductor material development Mesa, Ariz. (June 24, 2025) — Moses Lake Industries (MLI), a global leader in advanced performance chemical solutions for the semiconductor industry, today announced the grand opening of its new 50,000-square-foot manufacturing and research facility in Mesa, Arizona. Powered […]

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A Blueprint for Regional Resilience and Global Competitiveness

by Chris Camacho, President & CEO, Greater Phoenix Economic Council Greater Phoenix’s economic advantage is driven by deliberate strategy, cohesive execution and a clear focus on the future. Unlike older markets tied to historic industries and longstanding systems, our region has built its competitive edge across recent decades with a hyper focus on high-impact sectors […]

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Three men and two women stand on a brown floor. Behind them, an image of a Lucid car in a desert is on a screen.

Lucid expands Arizona footprint with grand opening...

June 11, 2025

Electric vehicle manufacturer Lucid’s new facilities acquired from Nikola Corporation add nearly 900,000 square feet to its existing Arizona footprint PHOENIX (June 11, 2025) — Lucid Group, Inc. (Nasdaq: LCID), maker of the world’s most advanced electric vehicles, today announced the opening of its Phoenix Hub facility in Arizona, following the company’s acquisition of select […]

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Why Regionalism Wins: The Power of Unity for our Economic...

by Chris Camacho, President & CEO, Greater Phoenix Economic Council In today’s hypercompetitive global economy, markets that operate with alignment, clarity and shared purpose are the ones that stay ahead. That’s exactly what GPEC was designed to foster. For over 35 years, the regional model of Greater Phoenix has driven collective economic growth rooted in […]

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idealabaz and SOM logos separated by a thin black line.

Idealab Arizona announces partnership with Skidmore,...

April 23, 2025

Architecture and engineering firm SOM to incubate the next-generation startups for Idealab Arizona’s new startup studio with ASU PHOENIX (April 23, 2025) — Idealab Arizona, a partner of Idealab Studio, a leading technology incubator, today announced a strategic partnership with Skidmore, Owings & Merrill (SOM), a leading international architecture, engineering, and urban planning firm, to […]

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The Cyclic Materials logo shows black text with a large orange circle on the top left converging into the lower-case L in materials.

Cyclic Materials to invest over USD $20M in its first...

April 23, 2025

Mesa facility expected to process 25,000 tonnes of end-of-life components containing rare earth permanent magnets a year TORONTO (April 23, 2025) — Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has invested over USD $20M in its first commercial facility, […]

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A blue banner on a commercial building showcases the Future48 Workforce Accelerator.

Battery-focused Future48 Workforce Accelerator celebrates...

April 4, 2025

Led by LG Energy Solution, the Future48 Workforce Accelerator will provide hands-on battery training PINAL COUNTY, Ariz. (April 4, 2025) — Today, the Arizona Commerce Authority (ACA), alongside Pinal County, Central Arizona College, Greater Phoenix Economic Council (GPEC) and LG Energy Solution, marked a milestone in strengthening Arizona’s workforce with the grand opening of the […]

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Snapshot of the Greater Phoenix Job Market

Greater Phoenix performed well in recent years compared to other markets by Kristen Stephenson As a research-driven economic development organization, Greater Phoenix Economic Council (GPEC) constantly monitors metrics and data to understand the changing landscape and health of our regional and national economies. In this blog series, Kristen Stephenson, GPEC’s Senior Vice President of Research […]

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