Find the latest business development news and relocation insights in Greater Phoenix. We focus on important regional business news highlights and updates to make sure you stay in the know. Discover Greater Phoenix news now.
For media inquiries, please contact Logan Newman at lnewman@gpec.org.
News
Understanding Gross Domestic Product
GDP is a significant indicator of economic health by Kristen Stephenson Earlier this 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 health at both national and […]
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Trinity Capital announces Phoenix headquarters expansion,...
December 20, 2023Trinity Capital will double the size of its Phoenix headquarters PHOENIX (Dec. 20, 2023) — Trinity Capital Inc. (Nasdaq: TRIN) (“Trinity” or the “Company”), a leading provider of diversified financial solutions to growth-stage companies, today announced the expansion of its Phoenix headquarters, reaffirming Trinity’s longstanding commitment to the region as it continues to scale its […]
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Regional Report: Powering Greater Phoenix’s Future
How APS and SRP plan to maintain energy reliability while incorporating more renewables Arizona and Greater Phoenix have long been accustomed to top-tier energy service. Through the work of major providers like Arizona Public Service (APS) and Salt River Project (SRP), the state is ranked the second-most reliable power grid in the nation, with an […]
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AGCO’s acceleration center in Scottsdale is open...
December 12, 2023AgTech company AGCO opens accelerator center at ASU SkySong in Scottsdale Scottsdale, Ariz. (Dec. 12, 2023) – AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, is investing to attract more talent across key product development disciplines to deliver new, value-added precision ag technologies for […]
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Greater Phoenix’s high adoption of flexible work...
by Chris Camacho, president & CEO, Greater Phoenix Economic Council (GPEC) Since the downturn of the Great Recession, Greater Phoenix has continually advanced its competitive position through the quick adoption of policies and practices that allow for industry diversification, support emerging technologies and enable agile response to changing economic conditions. This growth mindset has led […]
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TSMC Arizona, AZBTC agree to workforce partnership
December 6, 2023TSMC, building and construction union announce deal framework PHOENIX (Dec. 6, 2023) — TSMC Arizona and the Arizona Building and Construction Trades Council (AZBTC) have come to an agreement on a new framework for cooperation with respect to the construction and tool installation of TSMC Arizona’s semiconductor manufacturing facility in Phoenix. The agreement outlines mutually […]
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ASM announces €300M expansion of U.S. operations...
December 5, 2023The ASM investment will focus on technology development, research, design and engineering capabilities, and pilot manufacturing capacities ASM International N.V. (Euronext Amsterdam: ASM), one of the fastest growing semiconductor equipment companies and global market leader in Atomic Layer Deposition, announced plans for a new North American expansion to accommodate growing demand for research and development […]
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Exploring the effects of the Business Confidence Index
The business confidence index tracks output growth and turning points in economic activity by Kristen Stephenson Earlier this 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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Parts Town expands distribution capabilities with new...
November 17, 2023Parts Town expansion will create capacity for continued high-growth and product expansion including HVAC parts and residential appliance parts GLENDALE, Ariz. (Nov. 16, 2023) — Parts Town, a global leader in the high-tech distribution of OEM foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts, and related products, today announced its plan to open […]
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CHIPS Act Webinar: Funding for smaller-scale supply...
The third CHIPS Act NOFO funds materials or equipment facilities with investment under $300 million On September 28th, the Department of Commerce (DOC) released the CHIPS and Science Act funding opportunity for smaller-scale supply chain projects and businesses. Applicants seeking to construct, expand or modernize materials or manufacturing equipment facilities with a capital investment under […]
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