Latest GPEC News
Measuring Real Manufacturing and Trade Industry Sales
The real manufacturing and trade sales indicator provides early insights into the future direction of the economy by Kristen Stephenson Last year, GPEC launched the Economic Monitor, a comprehensive web tool designed to provide timely, actionable insights into the state of the economy. Through an exploration of key economic indicators, the Economic Monitor offers a […]
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Biden-Harris Administration announces preliminary terms...
March 20, 2024U.S. Department of Commerce proposes up to $8.5 billion in potential direct funding for Intel under President Biden’s Investing in America Agenda to support multiple projects in Arizona, New Mexico, Ohio, and Oregon Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Intel Corporation have reached a non-binding preliminary memorandum of terms […]
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Mayo Clinic and ASU MedTech Accelerator’s Fifth Cohort...
March 6, 2024Mayo Clinic, ASU announce new MedTech Accelerator Cohort PHOENIX (March 6, 2024) — Mayo Clinic in Arizona and Arizona State University (ASU) are kicking off the fifth cohort of the MedTech Accelerator on March 17, 2024. The Accelerator brings together leaders in innovation from across the globe and healthcare industry to advance their products, knowledge […]
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The impact of the federal funds rate on the economy
The federal funds rate has a rippling effect on all segments of the economy by Kristen Stephenson Last year, GPEC launched the Economic Monitor, a comprehensive web tool designed to provide timely, actionable insights into the state of the economy. Through an exploration of key economic indicators, the Economic Monitor offers a concise picture of […]
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Pentagon Technologies to build semiconductor equipment...
February 29, 2024Representing more than $50 million in investment, the facility will create up to 300 new jobs MESA, Ariz. (Feb. 29, 2024) – Pentagon Technologies Group, Inc. (“Pentagon”, a wholly owned subsidiary of Kurita Water Industries Ltd.), a critical materials supplier of advanced chamber cleaning equipment consumables to leading-edge semiconductor foundries, today announced that it is […]
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TSMC Arizona achieves ‘topping’ milestone...
February 22, 2024TSMC Arizona raised the final steel beam into place on its second Phoenix fab PHOENIX (Feb. 22, 2024) — Today, TSMC joined with its construction partners in a “topping out” ceremony — in which the last steel beam was raised into place — on the company’s second semiconductor fab in Phoenix, Arizona. This month, TSMC […]
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Wedgewood celebrates groundbreaking ceremony for new...
February 22, 2024Wedgewood Pharmacy breaks ground on 90,000 square-foot veterinary pharmacy in Chandler CHANDLER, Ariz. (Feb. 22, 2024) — Today, Wedgewood, the nation’s leading provider of high-quality compounded medications for animals and the parent company of the new veterinary online pharmacy platform, Blue Rabbit, celebrated the groundbreaking ceremony for its new state-of-the-art facility in Chandler, Arizona. Mayor […]
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Peoria City Council approves Development Agreement,...
February 21, 2024Amkor to build country’s largest outsourced semiconductor packaging and test facility in Peoria PEORIA, Ariz. (Feb. 20, 2024) — The Peoria City Council approved a Development Agreement with Tempe-based Amkor Technology, at the Tuesday night Regular Council Meeting, for the future location of their state-of-the-art advanced semiconductor packaging and test campus. Through the agreement Amkor […]
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American Airlines initiates service from Phoenix to...
February 15, 2024Phoenix (PHX) is the only U.S. destination from Tijuana (TIJ) PHOENIX (Feb. 15, 2024) — America’s Friendliest Airport® is excited to announce the start of American Airlines’ new international service to Tijuana, Mexico. Daily, nonstop service from Phoenix to General Abelardo L. Rodríguez International Airport began Feb. 15, 2024. “Phoenix and Mexico share strong trade and tourism […]
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Flinn Foundation Adds Two Phoenix Business Leaders...
February 12, 2024Arizona business leaders Chris Camacho and Adam Goodman—the heads of Greater Phoenix Economic Council and Goodmans, respectively—have been elected to the Flinn Foundation board of directors. Camacho, an advocate for the biosciences, other innovation industries, and the arts has served as president and CEO of the economic development organization for nearly a decade—an era of […]
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