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​The first public-private partnership on the Phoenix Biomedical Campus, Downtown, will be the $77 million, 200,000-square-foot Wextord Science+Technology Phoenix campus. The development marks the kickoff of bioscience and healthcare projects in city of Phoenix alone totaling more than $3.5 billion in capital investment resulting in 4.2 million square feet of new facilities and over 7,000 jobs within the next 24 months.



Arizona ranks high in residential solar in national report420Arizona ranks high in residential solar in national report<div class="ExternalClass2AC7FF98261944309AB25F9D081A0CFB"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190625-Residential-Solar.jpg" alt="Two construction workers with hardhats install solar panel on the roof of a house." /> <center><figcaption><em>Workers complete a residential solar installation.</em> Image: U.S. Dept. of Energy</figcaption></center> </figure> <center><em>By Hayley Ringle for Phoenix Business Journal</em></center><p><span style="font-size:15px;">As the U.S. solar market saw its best first quarter in history, Arizona remained near the top for residential solar capacity.</span></p><p><span style="font-size:15px;">Arizona had 52.83 total megawatts of solar capacity installed during the first quarter, and ranked third best in the country for residential solar with 41.9 megawatts, according to the latest U.S. Solar Market Insight report from the Solar Energy Industries Association and Wood Mackenzie Power & Renewables.</span></p><p><span style="font-size:15px;">A year ago, Arizona ranked seventh best with 67 total megawatts, according to the SEIA report.</span>​</p></div>6/25/2019 7:00:00 AM
ULI Arizona receives $30,000 to study affordable housing, Vitalyst Health Foundation a key partner421ULI Arizona receives $30,000 to study affordable housing, Vitalyst Health Foundation a key partner<div class="ExternalClassAABE724891DF4CA6883E66C6C2689F08"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190625-ULI-Housing-Grant.jpg" alt="Man's hand holds model of a house with sun behind it" /> <center><figcaption>Image: ULI. Adobe Stock</figcaption></center> </figure> <center><em>By Peter Madrid for Urban Land Institute Arizona</em></center><p><span style="font-size:15px;">The Urban Land Institute Arizona District Council (ULI Arizona) was recently awarded a $20,000 grant from global ULI’s Building Healthy Places Initiative, with support from the Robert Wood Johnson Foundation, to convene a local task force to study the intersection of health and housing in Arizona.</span></p><p><span style="font-size:15px;">A key feature that made ULI Arizona’s application stand out is the financial commitment and strong partnership with Vitalyst Health Foundation, which contributed an additional $10,000. ULI Arizona is one of four ULI District Councils (Arizona, Chicago, Sacramento and Tampa Bay) selected to explore land use and transportation barriers to healthy places and identify sustainable and equitable solutions.</span></p><p><span style="font-size:15px;"> “Lack of affordable housing is responsible for some of the most damaging health effects to individuals and families,” says Heidi Kimball, Senior Vice President, Sunbelt Holdings, and incoming Chair, ULI Arizona. “No one entity alone will be able to solve the growing affordability and equity challenges facing our communities. This grant will help us work with development industry, public sector and nonprofit leaders to explore new equitable models and approaches supporting healthy living and affordable housing.”</span></p><p><span style="font-size:15px;">ULI Arizona and Vitalyst Health Foundation will work closely together and with other community partners (Maricopa Association of Governments, City of Tempe, ASU Stardust Center Affordable Homes and the Family, LISC Phoenix, and others) to examine how the lack of affordable housing in core urban areas exacerbates health inequities and how to shift policies and practices to help more people be healthier and live well in quality housing connected to essential services.</span></p><p><span style="font-size:15px;">In Metro Phoenix, the gap between what residents earn and housing costs is widening, especially along transit corridors, pricing out the people who benefit the most from living near public transportation options. </span></p><p><span style="font-size:15px;">C.J. Eisenbarth Hager, Director of Healthy Community Policies for Vitalyst Health Foundation, will co-chair the task force with housing expert Silvia Urrutia, Managing Partner, U Developing, LLC. Hager explains that health is inextricably tied to where people live.</span></p><p><span style="font-size:15px;">“When you look at life expectancy by ZIP code across the Valley, you see short distances can reveal significant gaps in health,” Hager said. “Children born in the City of Scottsdale can expect to see their 85th birthday, whereas in South Phoenix, people are likely to only reach their 71st. As seen in other communities, ZIP codes can be more important indicators of health than people’s genetic code.”</span></p><p><span style="font-size:15px;">Working over the course of a year and a half in collaboration with ULI Building Healthy Places Initiative experts and the other awarded District Councils, the task force will develop local action and outreach plans and document a synthesis of best practices that will be shared with communities throughout the region and nationally.</span>​</p></div>6/25/2019 7:00:00 AM
What are the most and least affordable Arizona counties?422What are the most and least affordable Arizona counties?<div class="ExternalClass99AC354F921043A991F6CB8D1E09980C"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20190625-For-Rent-Sign.jpg" alt="Sign saying 'For rent 2 bedroom suite'" /> <center><figcaption>Image: Derek K. Miller, Creative Commons</figcaption></center> </figure> <center><em>By Jerod MacDonald-Evoy for Arizona Mirror</em></center><p><span style="font-size:15px;">Affordable housing has become a major issue in Arizona politics and newly released data by the National Low Income Housing Coalition has shed a light on where the issue is the most prevalent in the state.</span></p><p><span style="font-size:15px;">Coconino came out in the bottom as the least affordable county for Arizona residents and Greenlee coming out as the most affordable county. </span></p><p><span style="font-size:15px;">The data cover topics such as the average price of rentals, the number of renters versus. homeowners, and what jobs you might need to afford rent in Arizona.</span></p><p><span style="font-size:15px;">NLIHC created the dataset by using a mixture of data from the Census, U.S. Department of Housing and Urban Development, and Social Security Administration to see how areas across the state stack up.</span></p>​<br></div>6/25/2019 7:00:00 AM



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