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Mayor Gallego Announces New Phoenix Medical Quarter in Central Corridor

Phoenix Mayor Kate Gallego announces in State of the City address that Creighton University, Barrow Neurological Institute and others will be part of newly designated Phoenix Medical Quarter. Creighton University will serve as a central element of the future-focused Phoenix Medical Quarter. The new designation acknowledges the significant influx of healthcare, bioscience, and medical education […]

U.S. Consumer Prices Rose 5% in the Year through March, a Sign Inflation Is Cooling

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in March on a seasonally adjusted basis, after increasing 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment. The index for shelter was by far […]

Small Business Optimism Declines Slightly in March, Says Report

NFIB’s Small Business Optimism Index decreased 0.8 points in March to 90.1, marking the 15th consecutive month below the 49-year average of 98. Twenty-four percent of owners reported inflation as their single most important business problem, down four points from last month. Small business owners expecting better business conditions over the next six months remain […]

U.S. Employers Added 236,000 Jobs in March, Cooling the Labor Market

Total nonfarm payroll employment rose by 236,000 in March, and the unemployment rate changed little at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care. This news release presents statistics from two monthly surveys. The household survey […]

Arizona Awarded Funding to Digitize Roadways, Improve Safety

The U.S. Department of Transportation named the Arizona Commerce Authority (ACA) one of the first recipients of funding under the Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program. The federal program provides resources to state, local, and tribal governments to conduct demonstration projects focused on advanced smart city or community technologies and systems to improve […]

Arizona Coyotes Development Arm Files Claim Seeking $2.3B from Phoenix City Hall

The Arizona Coyotes and its development arm, Bluebird Development, have filed a claim against the City of Phoenix for $2.3 billion claiming it broke its word on a plan to convert a hazardous unlined Tempe-owned landfill into a new sports and entertainment district next to Tempe Town Lake. On March 27th, Sky Harbor filed a […]

Advanced Manufacturing Program Gets First Partners, 10 to 15 Startups to Be Onboarded

Plug and Play celebrated the official launch of its newest location in Arizona during an event in Phoenix alongside the Arizona Commerce Authority (ACA). Last month, Plug and Play announced their expansion to Arizona and they released the names of their first three founding partners of this new location: Intel, Honeywell Aerospace and Raytheon Missiles […]

U.S. Annual Home Price Growth Continues Single-Digit Slide in February, Says Report

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2023. While annual U.S home price growth rose for the 133rd straight month in February, the 4.4% increase was the lowest recorded since 2019. Eight states and districts recorded annual home […]