What Arizona Businesses Most Need to Prepare for Coming Disruptions
Due to the rise in regional temperatures and the urban heat island effect, southwestern cities, where more than 90% of the population resides, will face greater risks and expenses related to public health. These challenges will be further compounded by potential disruptions to urban electricity, water supplies, workforce health concerns, supply chain interruptions and even […]
U.S. Consumer Confidence Increased Slightly in March
The Conference Board Consumer Confidence Index® increased slightly in March to 104.2 (1985=100), up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to 151.1 (1985=100) from 153.0 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—ticked up to […]
Four Former Tempe Mayors Support Tempe Entertainment District, Effectively Opposing Sky Harbor Legal Action
Four former Tempe Mayors, Harry Mitchell, Neil Giuliano, Hugh Hallman, and Mark Mitchell, have differing backgrounds and policies but they are all supporting a plan to convert an old Tempe landfill into a new sports and entertainment district, along the banks of the Tempe Town Lake. They are all endorsing Proposition 301, 302, and 303. […]
Nikola Announces $100M Public Offering of Common Stock
Nikola Corporation announced that it has commenced an SEC-registered underwritten public offering of up to $100.0 million of shares of its common stock, before deducting underwriting discounts and commissions and other offering expenses. Nikola expects to grant the underwriter a 30-day option to purchase up to an additional $15.0 million of shares of its common stock […]
Blue Zones Project Launches in Scottsdale: HonorHealth, Goodwill and Cigna Lead the Charge
HonorHealth, Cigna Healthcare, and Goodwill of Central and Northern Arizona are announcing the launch of Blue Zones Project in Scottsdale to help residents live better, longer lives. Blue Zones Project is a comprehensive initiative that transforms the environments where people live, work, learn, and play to measurably improve community well-being, resilience, and economic vitality. Blue […]
BofA Names New Phoenix President, Past President to Retire
Bank of America has named Scott Vanderpool president of Bank of America Phoenix. The company also announced that widely known business leader Benito Almanza plans to retire April 6 after 45 years of service with the company and 22 years as Phoenix and Arizona president. As Phoenix president, Vanderpool assumes the responsibilities for connecting Bank […]
ASU’s West Campus Will Expand to Better Serve Growing West Valley
To meet the needs of a quickly evolving West Valley, Arizona State University announced a large-scale effort to expand its West campus that will include new programs, new buildings and a renewed commitment. University leaders detailed the changes at a celebration with state and community leaders, school and business executives, and ASU West students and […]
City of Phoenix Aviation Department Files Legal Action Against Tempe
After more than a year of attempts to resolve a dispute with the City of Tempe over planned residential developments in a high-noise corridor directly under Phoenix Sky Harbor International Airport’s flight path, the Phoenix Aviation Department has filed a formal complaint in Maricopa County Superior Court. The City of Phoenix, which owns and […]
Public-Private Coalition Announces New Initiatives to Accelerate Water Innovation in Cities, Phoenix Leading Charge
In celebration of World Water Day, the 50 Liter Home Coalition (50L Home), convened by the World Business Council for Sustainable Development (WBCSD) and the World Economic Forum (WEF), announced new efforts to accelerate water innovations in water-stressed cities. Sponsored by private sector leaders, these commitments include funding for a pilot program in Los Angeles, […]
First-Citizens Bank of Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Bridge Bank
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First-Citizens Bank & Trust Company, Raleigh, North Carolina. The 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First-Citizens Bank & Trust Company on Monday, […]