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7,000 Phoenix jobs coming from $3B city bioscience investment6587,000 Phoenix jobs coming from $3B city bioscience investment<div class="ExternalClassC7A79B5C59A04C5D8ABCC9FAD8973CEF"> <figure><img src="/econdevsite/MediaAssets/WEXFORD-20190304-Wexford-Phoenix-Campus-Rendering-06.jpg" alt="Rendering, Wexford four-story building at Garfield and Fifth streets" /><figcaption> <div style="text-align:center;"> <em>Wexford Science+Technology is under construction with its innovation campus at 850 N. Fifth st., Downtown Phoenix</em><br>Image: HKS</div> <br> <div style="text-align:center;"> <em>By Eric Jay Toll for The Economy Update</em></div> </figcaption> </figure> <p> <span style="font-size:15px;">It all started with a vision nearly 20 years ago. Phoenix City Council committed to develop a 30-acre Downtown city-owned site into the Phoenix Biomedical Campus.</span></p> <span style="font-size:15px;">“When the City Council approved a nearly $100 million investment in the Phoenix Biomedical Campus, I don’t believe anyone even dreamt about the impact it would have on the Valley,” said Christine Mackay, director, Phoenix Community and Economic Development. “The council believed there would be great economic benefit downtown, but I don’t think they foresaw the amount of development that would be built in every corner of the city.”</span> <p></p><p> <span style="font-size:15px;">Mackay points from her office window on the 20th floor of City Hall towards the building purchased from Phoenix by City of Hope and its affiliate, Translational Genomics Research Institute, more commonly called, TGen and to the towering crane for the under-construction innovation campus by Wexford Science + Technology.</span></p><p></p> <figure> <img src="/econdevsite/MediaAssets/MACK-20180315-Mackay-Chris-250p.jpg" alt="Photo, Christine Mackay" align="right" style="width:250px;" /></figure> <span style="font-size:15px;">“We have over 9,500 people whose jobs are generated by the Phoenix Biomedical Campus today,” said Mackay.</span> <p></p><h2>Early vision to grow Phoenix as national bioscience center</h2><p> <span style="font-size:15px;">“This all started with an early vision to put a stake in the ground for city of Phoenix in the biosciences,” said Sharon Harper, president and CEO of Plaza Companies, and a Flinn Foundation board member. “The intent was that companies would be connected. That early thinking is part of what attracted TGen to Phoenix.”</span></p><p> <span style="font-size:15px;">It was a major catalyst for the city when TGen planted its flag in Phoenix. The organization has a story about how it ended up choosing the city; see <a href="#JohnMcCain">sidebar</a>​ at the end of the article.</span></p><p> <span style="font-size:15px;">Since 2002, the city and its partners have invested more than $500 million in the Phoenix Biomedical Campus. The original $100 million investment, which resulted in the TGen building in 2004, is now dwarfed by more than $3 billion throughout the city by private, institutional, and university capital investment that will take place over the next two years. Nearly $1 billion of that investment is already under construction.</span></p><p> <img src="/econdevsite/MediaAssets/People/PEOPLE%2020191008%20Harper%20Sharon.jpg" alt="Photo, Sharon Harper" align="right" style="width:300px;height:200px;" /> ​ <span style="font-size:15px;">The city will be looking at more than 4 million square feet of new <a href="#pipeline">bioscience and healthcare facilities</a> when the last of the proposed developments are delivered to market. There will be more than 7,000 new jobs to fill with an annual payroll of almost one-half billion dollars. “Phoenix recognized that biosciences could not evolve without support from higher education. The city-education partnership now results in collaboration with 10 universities, medical schools and community colleges for research, development, patents and degrees,” said Mackay.</span></p><p> <span style="font-size:15px;">Today, city of Phoenix is globally-recognized for its bioscience achievements “We’ve hit a critical mass in Phoenix,” said Harper. “We have the research, we have the platform, and we have world-class universities, researchers and hospitals. Add to that the new Creighton University School of Medicine and Health Sciences–Phoenix in Midtown. It all ties together.”</span></p><p> <span style="font-size:15px;">The $3 billion for city of Phoenix development doesn’t count another more than $1 billion in facilities being constructed elsewhere in the Valley.</span></p> <figure> <img src="/econdevsite/MediaAssets/Buildings/UPDATE-20191001-FINAL-Creighton-University.jpg" alt="Rendering, architects interpretation of final design for Creighton University" /> <figcaption> <div style="text-align:center;"> <em>: Rendering of Creighton University Health Sciences -- Phoenix Campus, at Park Central Mall, on North Central Avenue, in Medtown, part of Midtown Phoenix, Arizona.</em><br>Image: Creighton University</div></figcaption> </figure> <h2>Biosciences strengthen the overall Phoenix economy</h2><p> <span style="font-size:15px;">The growing strength of the bioscience and healthcare sectors in city of Phoenix is more muscle in economic diversity of the greater Phoenix area, according to Chris Camacho, president and CEO of the Greater Phoenix Economic Council. </span></p><p></p> <figure><img src="/econdevsite/MediaAssets/People/Chris%20Camacho_Greater%20Phoenix%20Economic%20Council.jpg" alt="Photo, Chris Camacho" align="right" style="width:300px;height:300px;" /></figure>​ <span style="font-size:15px;">“Biosciences bring us high wage jobs but also the number and type of supply chain businesses increase. This insulates a growth economy like greater Phoenix with base industrial jobs,” he said. “We’ve hit a unique nexus. We have a unique market for clinical trials because of the diverse population and variety of places from which our residents arrive. We have a unique level of collaboration between our companies not seen in other markets. We have strong engineering talent for manufacturing, production and prototyping.”</span> <p> <span style="font-size:15px;">Camacho says that these unique characteristics make city of Phoenix a highly competitive biosciences market, even more so than its attractive cost of doing business. Those in private sector see even more reasons why Phoenix is a bioscience proving ground.</span></p><h2>Surprise! Phoenix is now a global bioscience site and career center</h2> ​ <p> <span style="font-size:15px;">“There are three reasons life-sciences are growing significantly in Phoenix,” Yelton said, current Past Chair of AZBio, Chair of the Flinn Foundation’s Bioscience Entrepreneurship Program and former CEO of Pinnacle Transplant Technologies. “First, the business environment in Arizona and Phoenix. We have a low cost of doing business, customized laboratory spaces and a clustering of Tier I and Tier II life science companies.”</span></p><p></p> <figure> <img src="/econdevsite/MediaAssets/People/PEOPLE%2020191005%20Yelton%20Russ.jpg" alt="Photo, Russ Yelton" align="right" style="width:300px;height:430px;" /></figure>​<span style="font-size:15px;">Part of that business environment, according to Yelton, is the educational institutions in city of Phoenix.</span> <p></p><p> <span style="font-size:15px;">“The higher education system, both the universities and community colleges, are all graduating a well-educated workforce,” he said. “They are also accelerating opportunities with new technologies from the universities and programs like the (Center for Entrepreneurial Innovation) at Gateway, which is bringing its new LabForce Program Downtown to the Wexford building.”</span></p><p> <span style="font-size:15px;">Yelton said the second reason bio- and life-sciences are so strong in Phoenix is the growth of angel investors supporting startups.</span></p><p> <span style="font-size:15px;">“Desert Angels is now one of the most active angel groups in the country,” said Yelton. “Their growth is one of the appeals to other non-Valley-based venture capital groups.”</span></p><p> <span style="font-size:15px;">Yelton’s number three on the list is the life-sciences workforce.</span></p><p> <span style="font-size:15px;">“From Flagstaff to Tucson, higher education institutions and even some high schools, are working to excite and train the life-science workforce,” he said. “Hiring in a booming economy is a challenge, but we’re creating the workforce to fill the jobs that are coming.”</span></p><h2>Attracting risk capital</h2><p> <span style="font-size:15px;">City of Phoenix is a center of excellence in 3Ds of bioscience—the discovery, development and delivery—of health science solutions. This is a result of collaboration and partnerships between the city, the five Phoenix-located university campuses, TGen, AZBio and a growing community of bioscience entrepreneurs, called “biopreneurs.” </span></p><p> <img src="/econdevsite/MediaAssets/People/PEOPLE%2020191008%20McLeod%20Tammy.jpg" alt="Photo, Tammy McLeod" align="right" style="width:300px;height:354px;" /> <span style="font-size:15px;">It’s attracting the attention of risk capital.</span></p><p> <span style="font-size:15px;">“We invited five risk capital investors to talk with Phoenix biopreneurs during 2019 Bioscience Week,” said Tammy McLeod, president and CEO of the Flinn Foundation, a leader in promoting life sciences in Arizona. “We had two from Arizona, and three others from New York, Chicago and Philadelphia.”</span></p><p> <span style="font-size:15px;">McLeod and Yelton both said that the New York investor told them that she had not realized the depth of Arizona life science efforts and planned to return to talk with growth-stage biopreneurs.</span></p><p> <span style="font-size:15px;">The “deep coaching” efforts, as described by McLeod, are examples of how the city’s investment in biosciences and healthcare are leveraged for greater returns. She said 45 companies participated in the risk capital track.</span></p><p> <span style="font-size:15px;">Phoenix-based companies are starting to attract serious attention from risk capital investors. Kalos Therapeutics is one of a handful of companies invited to pitch East Coast investment firms this fall. The invitation comes on the heels of Kalos’ presentation at Startup Stadium during the 2019 Bio International Conference. Three Phoenix companies were among 40 selected to present in June.</span></p><p> <span style="font-size:15px;"> “We’re recognizing that life science startups and growth-stage companies are facing different challenges than pure tech companies,” said McLeod. “Where tech companies talk about digital challenges, biopreneurs are looking for nuts and bolts help in dealing with the (Food and Drug Administration) and best practices associated with getting from research into production.”</span></p><p> <span style="font-size:15px;">The Phoenix Bioscience Healthcare Strategic Initiative combines multiple strategies and coordinates efforts with private and public partners. </span></p><h2>Phoenix is collaboration</h2><p> <span style="font-size:15px;">“Openness, collaboration and speed to market. This is what people are discovering in Phoenix,” said Camacho.</span></p><p> <span style="font-size:15px;">Collaboration. That word keeps coming up in conversation after conversation about biosciences in the city.</span></p><p> <span style="font-size:15px;">“Dr. (Jeffrey) Trent (founding president and director of TGen) brought the word “collaboration” to Phoenix,” said Harper. “He extended Phoenix’s reach to global proportions by collaborating with bioscientists around the world.”</span></p><p> <span style="font-size:15px;">Today, TGen has its headquarters in city of Phoenix and a facility in Flagstaff.</span></p><h2>The ‘new frontier’ in personalized medicine</h2><p> <span style="font-size:15px;">“Phoenix is the new frontier of personalized medicine,” said Harper. “The strength of collaboration, the quality of the workforce, it’s a sum that is greater than the whole.”</span></p><p> <span style="font-size:15px;">Harper said there’s another big attraction to city of Phoenix for a company looking for a location or a researcher or scientist seeking a place to grow their career.</span></p><p> <span style="font-size:15px;">“We can pick up the phone and reach the mayor, the governor, the presidents of universities, and they are available to talk with companies,” she said. “This is an unprecedented level of access, and it’s something that’s very impressive when a company is looking at the city or Arizona.”</span></p><p> <span style="font-size:15px;">After nearly 20 years of global collaboration, it’s become a fact that if there are cures for cancer, some component of that research most likely has a root in city of Phoenix.</span></p><p> <span style="font-size:15px;">In Phoenix, the bioscience healthcare collaboration means that solutions can rapidly move from discovery to delivery.</span></p><h2>City provides business hiring and individual training support in bioscience healthcare</h2><p> <span style="font-size:15px;">Companies find the city of Phoenix labor pool to be ready to take on scientific and technical positions.</span></p><p> <span style="font-size:15px;">“Currently, we have a quality experienced workforce growing with graduates from high quality programs at ASU, UA, NAU and (Grand Canyon University),” Camacho said. “Companies tell me that they view Phoenix as having one the most attractive labor pools in the U.S.”</span></p><p> <span style="font-size:15px;">Five of the Maricopa Community Colleges are offering bioscience healthcare programs, Camacho said. “They are getting our science and health technicians the credentials and licenses needed for many of the new jobs,” he added.</span></p><p> <span style="font-size:15px;">He also pointed out the quality education found in places like Phoenix Bioscience High School, a Phoenix public school.</span></p><p> <span style="font-size:15px;">“Students get real-world experience from companies in an applied learning experience,” Camacho said. “This is what we see as a future for education in the area.”</span></p><p> <span style="font-size:15px;">Readying the labor pool is a collaborative effort for the city of Phoenix. With 7,000 new jobs hiring in the next two years, The city’s Arizona@Work–Phoenix and the Phoenix Business and Workforce Development Center are positioned to help companies hire and prepare candidates for these opportunities.</span></p><p> <span style="font-size:15px;">“The biosciences often require specialized workforce training, and the Business and Workforce Development Center is prepared to help a company find its workers,” said Robert Stenson, BWDC supervisor. “City of Phoenix partners with companies to train incumbents and help companies succeed with their existing and new staff.”</span></p><p> <span style="font-size:15px;">Training programs custom designed by the city for its businesses can be for new hires or to advance skills of existing employees.</span></p><p> <span style="font-size:15px;">Stenson said that the bioscience and healthcare strategy of training incumbents helps keep people relevant to their jobs in a growing company. The Phoenix BWDC helps companies of all sizes with recruitment, hiring, training and retention.</span></p><p> <span style="font-size:15px;">“It’s an agile process,” he said. “As a company moves from its formation stage into its growth stage, it’s important to retain its employees by training them to remain relevant. If the workforce doesn’t grow with the company, it can hurt the entire organization.”</span></p><p> <span style="font-size:15px;">On the other side of the equation are workers who may want to advance skills or change careers to take advantage of the new jobs and opportunities. With thousands of new bioscience and healthcare jobs in the pipeline, there are a lot of opportunities for all skill levels.</span></p><p> <span style="font-size:15px;">“Arizona@Work–Phoenix helps match skills and career goals with jobs that are in demand today,” said Stan Flowers, workforce program manager. “We provide career solutions. Someone who wants to move into a bioscience or healthcare career will find that city of Phoenix helps offset training costs to attain a certificate or credential needed for the positions.”</span></p><p> <span style="font-size:15px;">Flowers said that an interested candidate would participate in a career readiness program to analyze whether such a career goals are aligned with individual expectations and skills. After this step, Phoenix can place the candidate into the appropriate training program.</span></p><h2>City Council to continue its economic development vision for biosciences</h2><p> <span style="font-size:15px;">Oct. 8, the City Council heard an update about the scope of services, commitments and efforts city of Phoenix powers up in bioscience healthcare. The Council is being asked to continue evolving vision growing this sector. Jobs in bioscience healthcare have been solid contributors to the city’s economic growth.</span></p><p> <span style="font-size:15px;">According to the Arizona Office of Economic Opportunity and U.S. Bureau of Labor Statistics data, bioscience and healthcare employment was the only industry sector in the Phoenix metro that continually showed job gains during the recession. Bioscience healthcare hiring has increased every year since 2007 and skyrocketed over the past five years. As of August 2019, more than 500,000 people worked in bioscience healthcare in the metro, compared to 280,000 before the recession. The city of Phoenix Bioscience Healthcare Strategic Initiative is a key council policy program that continually proves its contributions to the Valley over the two decades since it was first envisioned. Following the Oct. 8 Policy Committee presentation, the Council will schedule a vote to continue funding one of its most successful economic development programs.</span>​​</p><div style="text-align:center;"><h1 id="Pipeline">Major bioscience, research and healthcare facilities in the pipeline</h1></div><p> <span style="font-size:15px;">These bioscience and healthcare organizations already have major improvements in the pipeline that when added together, top $3 billion. Major projects by Arizona State and Creighton universities, Banner Health and Mayo Clinic, and Wexford Science + Technology are already under construction to the tune of nearly one-third of the total projected capital investment.</span></p><ul> Abrazo <li>Banner Health </li><li>Barrow Neurological Institute </li><li>Dignity Health </li><li>HonorHealth </li><li>Mayo Clinic </li><li>Phoenix Children’s Hospital </li><li>Phoenix VA Clinic </li><li>Valleywise Health </li><li>Wexford Science + Technology</li></ul><div style="text-align:center;">​ <h1 id="JohnMcCain">How John McCain helped win TGen headquarters deal</h1></div><p> <span style="font-size:15px;">If it hadn’t been for the late Senator John McCain, Translational Genomics Research Institute would not be headquartered in Phoenix. When Dr. Jeffrey Trent was the Scientific Director of the National Human Genome Research Institute at the National Institutes of Health, Senator McCain was instrumental in convincing him to return to Arizona.</span></p><p> <span style="font-size:15px;">The late senator wanted Trent to bring new knowledge with him, establishing TGen to turn breakthroughs in genetic research into medical advances.</span></p><p> <span style="font-size:15px;">The City of Phoenix constructed the research facilities. Healthcare providers, local corporations and private individuals contributed as well. The final piece to the economic puzzle fell into place when the Salt River Pima-Maricopa Indian Community pledged $5 million. Their participation in the effort drew appreciation from across the state and across the nation.</span></p><p> <span style="font-size:15px;">Today, the biomedical campus is an integral piece of the statewide bioscience initiative as the faculty contributes significantly to biomedical discoveries, the quality of health care for Arizona's residents and the expansion and diversification of the state's economy. The campus provides a unique, energetic environment that attracts biotech and related companies to Phoenix and Arizona through business opportunities in research and development, collaboration, partnering, and office expansion.</span></p></div>10/21/2019 2:00:00 PM
Phoenix Biomedical Campus — Transformation through the power of partnerships728Phoenix Biomedical Campus — Transformation through the power of partnerships<div class="ExternalClass3B5EFA5F7C0C43919A64D9A55C6DB520"><div style="text-align:center;"> <figure><img src="/econdevsite/MediaAssets/Buildings/PBC-20191028-UA-Medical-School-04.jpg" alt="Photo, abstract view of the UA Medical School Phoenix campus" /><figcaption><em>The University of Arizona College of Medicine-Phoenix is housed in an architecture award-winning building in Downtown. Nothern Arizona University's Phoenix Health Science school is also located here. The Phoenix Biomedical Campus is located between Fifth and Seventh streets, and Monroe and Garfield streets, in Downtown Phoenix, Arizona. The campus has more than 1 million square feet of education and research facilities and houses the global headquarters of Translational Genomics Research Institute, an affiliate of the City of Hope, Wexford Science+Technology 850 North Fifth innovation campus, and Arizona State University College of Nursing and Health Innovation.</em><br>Image: City of Phoenix <br> <em>By Karrin Taylor Robson for Chamber Business News</em> </figcaption> </figure></div><p> <span style="font-size:15px;">Individually, Arizona’s public universities are among the most innovative, entrepreneurial and visionary in the country.</span></p><div style="text-align:left;"> <figure> <img src="/econdevsite/MediaAssets/People/UPDATE-20191114-Karen-Taylor-Robson-ABOR_Portrait.jpg" alt="Photo, Karrin Taylor Robson" style="float:left;vertical-align:baseline;margin-right:6px;width:222px;" /> <figcaption> <em>Karrin Taylor Robson is a native Arizonan, attorney and business leader. She is the founder and president of Arizona Strategies, a land-use strategy firm in Phoenix. Robson was appointed to the Arizona Board of Regents in 2017.</em><br>Image: Arizona Board of Regents </figcaption></figure></div>​ <span style="font-size:15px;">Together, they are an unstoppable force fo​r student success, economic growth and cutting-edge research capable of solving society’s greatest challenges.</span> <p> <span style="font-size:15px;">​The Phoenix Biomedical Campus is a crown jewel in downtown Phoenix and a leading catalyst in transforming our community into a nationally renowned hub of research, discovery and economic development. It is also a shining example of the power of partnerships through collaboration among the Arizona Board of Regents (ABOR), Arizona’s public universities, the City of Phoenix and private sector partners. </span> <br> <br></p><p> <span style="font-size:15px;">This state-of-the-art medical and bioscience facility in the heart of downtown Phoenix was established in 2004 in partnership with ABOR, Arizona State University, Northern Arizona University, the University of Arizona and the City of Phoenix.</span>​</p></div>11/14/2019 7:00:00 PM
CNH Industrial's Iveco unveils first electric truck in partnership with Nikola750CNH Industrial's Iveco unveils first electric truck in partnership with Nikola<div class="ExternalClass1DEDA18055B644B2A2146C753D7E20D9"><figure> <img src="/econdevsite/MediaAssets/EconomyUpdate/UPDATE-20191122-Nikola-Motors.jpg" alt="Photo of a Nikola electric-powered truck on the San Francisco Golden Gate Bridge" /> <center><figcaption><em> Nikola Motor Company, headquartered in Phoenix, claims it has made a game-changing improvement to electric-powered vehicle batteries.</em><br>Image: Nikola Motor Company</figcaption></center> </figure> <center><em>By Giulio Piovaccari for Reuters</em><br></center><p><span style="font-size:15px;"> CNH Industrial’s truck unit Iveco on Tuesday unveiled its first electric vehicle, the Nikola Tre, built in partnership with U.S. startup Nikola Motor Co.</span></p><p><span style="font-size:15px;">The heavy truck will be built for the European market under a deal announced by the two groups in September and is expected to give a boost to Iveco, which as the smallest of Europe’s traditional truck makers competes with the might of Volkswagen (VOWG_p.DE), Daimler and Volvo Group.</span></p><p><span style="font-size:15px;">“Just three months after we signed our partnership we have been able to deliver this prototype, just imagine what we’ll do in the next three years,” Nikola founder and Chief Executive Trevor Milton said late on Monday at a dinner in Turin, where Iveco is based.</span></p><p><span style="font-size:15px;">He said on Tuesday that orders for the Nikola Tre were already exceeding current production capacity.</span></p><p><span style="font-size:15px;">“We’ll be sold out for many years,” he said at the official presentation of the truck.</span></p>​<br></div>12/2/2019 7:00:00 AM
Lucid Motors begins hiring, lays groundwork to make luxury electric sedans in Casa Grande753Lucid Motors begins hiring, lays groundwork to make luxury electric sedans in Casa Grande<div class="ExternalClass1DAF455D136649E2AB3882677D4C1A16"><div style="text-align:center;"><figure> <img src="/econdevsite/MediaAssets/Buildings/UPDATE-20191205-lucid-casa-grande-AERIAL.jpg" alt="Rendering, Lucid Motors Casa Grande, Arizona, manufactuing plant" /> <figcaption><em>Aerial view of the proposed Lucid Motors manufacturing and assembly facility in Casa Grande, part of the Phoenix metro Arizona-Sonora megaregion automotive supply chain.</em> <br>Image: Lucid Motors <br> <em>By Hayley Ringle for Phoenix Business Journal</em> </figcaption> </figure></div><p><span style="font-size:15px;">As Lucid Motors Inc. looks to begin manufacturing its first all-electric, luxury vehicle at its Casa Grande plant in December 2020, the Newark, California-based startup promises a high-tech, spacious and comfortable vehicle unlike any other.</span></p><p><span style="font-size:15px;">The all-electric Lucid Air sedan touts a 400-mile battery range, zooming from zero to 60 mph in under 2.5 seconds with standard features and options the company says “rival high-end benchmarks," as an obvious competitor to the high-end Model S made by rival Tesla Inc.</span></p><p><span style="font-size:15px;">Peter Hochholdinger, Lucid’s new vice president of manufacturing, has some experience with that brand. He was previously vice president of production for Tesla. He says Lucid's car will stand apart because it’s “clearly a luxury product.” He joined the company in July with nearly 30 years of automotive manufacturing experience.</span></p><br></div>12/4/2019 7:00:00 AM
Farmers doubles Phoenix regional campus, adding 1,000 financial service jobs654Farmers doubles Phoenix regional campus, adding 1,000 financial service jobs<div class="ExternalClass38420470B9144D41B3BDF5FFC815B636"><figure> <img src="/econdevsite/MediaAssets/Buildings/UPDATE-20191004-Farmers-Phoenix-Campus.jpg" alt="A drone-generated photo of Farmers campus" /> <figcaption><div style="text-align:center;"><em>Farmers has doubled the size of its Phoenix Wall Street West campus in the Interstate 17 North corridor. The new 150,000-square-foot building will house 1,000 new financial service jobs.</em> <br>Image: Farmers</div> <br> <div style="text-align:center;"><em>By Angela Gonzales for Phoenix Business Journal</em></div> </figcaption> </figure> <p><span style="font-size:15px;">Phoenix City Council on Wednesday unanimously approved a $250,000 economic development incentive for Farmers Insurance, which plans to hire another 900 employees for its north Phoenix regional office.</span></p><p><span style="font-size:15px;">When the Woodland Hills, California-based insurer selected Phoenix as its regional office in 2016, the company had a 150,000-square-foot building built to house 1,000 workers. Now, construction is almost finished for a connecting building of the same size to house another 900 new positions at 24000 N. Farmers Way, he told the Business Journal.</span></p><p><span style="font-size:15px;">Christine Mackay, director of Phoenix's Community and Economic Development, said Farmers Insurance became an employment anchor in what she calls Phoenix's Wall Street West with its first phase.</span></p><p><span style="font-size:15px;">"They said if Phoenix works out, they'd expand," she said. "Here we are just three years later and the company is doubling its Phoenix footprint and staff. We believe that confidence is a great statement about the quality of the Phoenix financial services and financial technology workforce."</span></p>​<br></div>10/4/2019 6:00:00 PM
Welcome to Phoenix, Where There's Tons of Startup Talent, Less Red Tape, and Houses Your Employees Can Actually Afford666Welcome to Phoenix, Where There's Tons of Startup Talent, Less Red Tape, and Houses Your Employees Can Actually Afford<div class="ExternalClassF6016D8340F44AA9A66499F798B8D76F"><figure> <img src="/econdevsite/MediaAssets/DOWN-20180222-Downtown-from-Northwest-749.jpg" alt="aerial photo of Phoenix" /> <figcaption><div style="text-align:center;">Image: City of Phoenix</div> <br> <div style="text-align:center;"><em>By Emily Canal for Inc.</em></div> </figcaption> </figure> <p><span style="font-size:15px;">There's more than just desert sand and scorching heat in Arizona's state capital. Phoenix is finally getting its due as a haven for entrepreneurs.</span></p><p><span style="font-size:15px;">Not only did the Valley of the Sun land at No. 11 on Inc.'s list of Surge Cities, an index that measures the U.S. metro areas with the most economic momentum, it's also the location of Inc.'s annual conference honoring the businesses that landed on the Inc. 5000, a ranking of the fastest-growing private companies in the U.S. Starting October 10, through the 12th, attendees will hear from entrepreneurs including LearnVest founder Alexa von Tobel, Calm co-founder Michael Acton Smith, and Away co-founder Jen Rubio.</span></p><p><span style="font-size:15px;">Here are five reasons why Phoenix is an increasingly hospitable environment for entrepreneurs.</span>​</p></div>10/11/2019 2:00:00 PM
New Initiative Seeks to Improve Treatment Options for Veterans670New Initiative Seeks to Improve Treatment Options for Veterans<div class="ExternalClassBD82E93D33604D39BFFB1AA0A0D8652D"><figure> <img src="/econdevsite/MediaAssets/Other/UPDATE-20191007-UA-veterans-health-slide.jpg" alt="Graphic, veteran in uniform shaking hands with doctor wearing white coat" /> <figcaption><div style="text-align:center;">Image: University of Arizona College of Medicine — Phoenix</div> <br> <div style="text-align:center;"><em>By Teresa Joseph for University of Arizona College of Medicine – Phoenix</em></div> </figcaption> </figure> <h3>A collaborative program between the University of Arizona College of Medicine – Phoenix and the Phoenix Veterans Affairs Health Care System could prevent adverse drug events, save lives and decrease health care costs for veterans.</h3><p><span style="font-size:15px;">The University of Arizona College of Medicine – Phoenix is partnering with the Phoenix Veterans Affairs Health Care System to provide personalized drug treatment for veterans.</span></p><p><span style="font-size:15px;">The program, Pharmacogenomics Action for Cancer Survivorship, is a collaboration between the U.S. Department of Veterans Affairs and Sanford Health, a Midwest-based health care system, with the goal to improve patient treatment by using medications tailored to their genes. It is funded by a $25 million gift from philanthropist Denny Sanford and a matching fundraising effort from Sanford Health.</span></p><p><span style="font-size:15px;">Although the program initially focused on cancer survivors, veterans without cancer also can benefit from PHASeR. The pharmacogenomics tests will help physicians make clinical decisions for a variety of pharmaceutical treatments, including mental health and cardiovascular diseases, as well as pain management.</span></p><p><span style="font-size:15px;">Dr. Will Heise, assistant professor in the Division of Clinical Data Analytics and Decision Support at the UA College of Medicine – Phoenix, said PHASeR seeks to prevent adverse reactions to drugs, save lives and decrease health care costs over time.</span></p><p><span style="font-size:15px;">“The Veteran’s Administration is heavily invested in pharmacogenomics research and precision medicine,” Heise said. “Arizona veterans will benefit from our early entry into these kinds of programs. We serve a huge and growing number of veterans through the Arizona VA systems and have a talented precision medicine and biomedical informatics team at the UA College of Medicine – Phoenix.”</span></p><p><span style="font-size:15px;">Pharmacogenomics is the study of how genes affect a patient’s response to drugs. By studying an individual’s genes through a simple blood draw, physicians can determine which medications may be more effective for patients and which ones are less likely to produce adverse reactions. The patient’s current medications may be adjusted based on the tests. The results will be applicable throughout the patient’s lifetime and may help a physician select medications in the future, increasing their effectiveness and decreasing the risk of side effects.</span></p><p><span style="font-size:15px;">“This partnership signals the commitment of the Phoenix VA and UA College of Medicine – Phoenix to be a powerhouse of pharmacogenomics outcomes research,” Heise said. “This is truly cutting-edge medicine just starting to demonstrate its full potential.”</span></p><p><span style="font-size:15px;">Although cancer survivors are of specific interest, a cancer diagnosis is not required to participate in the program, which will expand to as many as 250,000 veterans at more than 100 sites nationally by 2022. It launched in March in Durham, N.C.</span></p><p><span style="font-size:15px;">Dr. Deepak Voora, director of the VA PHASeR Program, said the pilot is an opportunity to give back to veterans.</span></p><p><span style="font-size:15px;">“This enhances the VA’s ability to meet new and emerging needs for veterans, their families and caregivers,” said Voora, who is also an associate professor in the Department of Medicine and the Center for Applied Genomics and Precision Medicine at Duke University School of Medicine.</span></p><p><span style="font-size:15px;">Veterans can obtain access to the pharmacogenomics testing through a blood draw at their local VA facility. Sanford Health processes the tests at its South Dakota facility, and the patient and his or her physician will receive the results to help decide whether to change treatment.</span>​</p></div>9/30/2019 7:00:00 AM
RED Completes Phase One of Block 23, Signs Three New Leases at CityScape Phoenix693RED Completes Phase One of Block 23, Signs Three New Leases at CityScape Phoenix<div class="ExternalClassF84033AC204C4A08A4C6087705300524"> <figure><img alt="Photo, Fry's Grocery Downtown Phoenix viewed from the southwest corner of First and Jefferson streets" src="/econdevsite/MediaAssets/Buildings/RED-20191023-Block-23-Frys-Grocery.jpg" /><figcaption> <div style="text-align:center;"> ​ <em>Fry's Grocery Downtown Phoenix, 100 E. Jefferson St., opened its doors Oct. 23 to a crowd of more than 1,000 people filling First Street between Washington and Jefferson streets. Fry's is part of Block 23, a RED Development, mixed-use, transit-oriented development of 230,000 square feet of retail and office, parking, and The Ryan, a 332-unit apartment building by StreetLights Residential.</em><br>Image: RED Development</div>​<br> <div style="text-align:center;"> <em>By Jan Bracamonte for J. Lauren PR</em></div> </figcaption> </figure> <p> <span style="font-size:15px;">RED has completed phase one of construction at Block 23 in Downtown Phoenix as the mixed-use destination prepares to open additional phases over the coming weeks and recently signed three new leases at neighboring CityScape Phoenix.</span></p><p> <span style="font-size:15px;">Within the initial phase of Block 23 is the area’s first long-awaited grocery store by Fry’s Food Store that is scheduled to open to the public on Wednesday, October 23. The new store will unveil an innovative urban design and debut new technology. Customers can expect a unique shopping experience encompassing all the amenities of a typical Fry's, including online ordering and pick-up, made-to-order sushi, convenient deli and bakery selections, a pharmacy that will provide a full range of healthcare services, and extraordinary customer service. Fry’s customers will receive parking validation for up to two hours when parking in the parking garage. </span></p> <figure><img alt="Photo, Block 23 office tower, a 9-story building" src="/econdevsite/MediaAssets/Buildings/RED-20191023-Block-23-Office-tower.jpg" /><figcaption> <div> <em>The 230,000-square-foot office tower at Block 23, 101 E. Washington St., Phoenix, Arizona, U.S., opens with tenants inked including WeWork, Ernst & Young U.S. LLP and Blanco Tacos & Tequila.</em><br>Image: RED Development</div> </figcaption> </figure> <p> <span style="font-size:15px;">The second phase is The Ryan, a 330-residence apartment community by StreetLights Residential, that will begin pre-leasing in November with the first move-ins expected in February 2020. The Ryan will offer studio, one- and two-bedroom residences ranging in size from 576 to 1,649 square feet. The community will boast an array of amenities including a luxurious fifth level pool deck with lounge seating, grilling stations, firepits with panoramic views; a catering kitchen for entertaining with a private dining area; a fitness center with a Flex Fitness Room featuring a WellBeats system with Peloton Spin Bikes and yoga mats; a co-working area; a resident lounge with a fireplace and lounge space; an expansive activity and yoga lawn; a dog run and pet spa; EV charging stations and cold storage and private garages with select residences. </span></p><p> <span style="font-size:15px;">The final phase of Block 23 is the nine-story office tower with ground-floor retail and restaurant space that will begin to open later this year and has signed leases from WeWork, Ernst & Young U.S. LLP (EY) and Blanco Tacos & Tequila.</span></p><p> <span style="font-size:15px;">“With the first phase of construction completed, we’re honored to further our commitment to Downtown Phoenix by bringing the first full-service grocery store to the area that is the most innovative grocery concept in the state,” said Mike Ebert, managing partner at RED. “As each phase opens at Block 23, we look forward to seeing the impact this destination will have on the community as we continue to attract the best local, regional and national tenants to improve the daily lives of those who live, work and play within this vibrant city.”</span></p><p> <span style="font-size:15px;">Block 23 continues RED’s commitment to the urban core of Phoenix and marks CityScape Phoenix’s expansion to 2nd Street. At CityScape, RED recently signed three new leases along Washington Street and Central Avenue, across from Urban Outfitters, including Dog Haus Biergarten, a 2,363 square-foot restaurant; Pigtails Cocktail Bar, a 1,294 square-foot bar and Nekter Juice Bar, a 1,350 square-foot location. Opening dates will be announced by the end of the year.</span></p> <figure><img alt="Photo, The Ryan and 16-story high-rise apartment building" src="/econdevsite/MediaAssets/Buildings/RED-20191023-Block-23-The-Ryan.jpg" /><figcaption> <div> <em>The Ryan, a 332-unit luxury apartment tower developed by StreetLights Residential, is part of the mixed-use Block 23 development. RED Development built the adjoining 230,000-square-foot office-retail complex including Fry's Grocery Downtown Phoenix. The development is located at 100 E. Jefferson St., Phoenix, Arizona, U.S.</em><br>Image: RED Development</div> </figcaption> </figure>​<br>​<br>​<br></div>10/24/2019 7:00:00 AM
Tech company moves into expanded midtown Phoenix regional hub, hiring more 'nerds'700Tech company moves into expanded midtown Phoenix regional hub, hiring more 'nerds'<div class="ExternalClassABD625B921AB4F68891F27248A4705BE"> <figure> <img alt="Photo of the new Nerdery office" src="/econdevsite/MediaAssets/Buildings/UPDATE-20191024-Nerdery-office-view.jpg" /><figcaption> <div style="text-align:center;"> <em>Office of Nerdery, Phoenix, Arizona, U.S. </em> <br>Image: Nerdery</div> <br> <div style="text-align:center;"> <em>By Hayley Ringle for Phoenix Business Journal</em></div> </figcaption> </figure> <p> <span style="font-size:15px;">Bloomington, Minneapolis-based Nerdery moved into an expanded office this week in midtown Phoenix after years of sharing an office at local coworking spaces.</span></p><p> <span style="font-size:15px;">The 9,000-square-foot office at Park Central Mall is the Nerdery’s western regional headquarters, serving 15 states for the digital business consulting firm, said Danny Estavillo, the Nerdery’s vice president of client growth.</span></p><p> <span style="font-size:15px;">“We grew to a point where we needed a larger space, and we’re planning to expand even further,” said Estavillo, adding the company plans to expand into an additional 3,000 square feet within the year.</span></p>​<br>​​<br></div>10/24/2019 7:00:00 AM
Arizona Fintech Sandbox Attains Further International Recognition706Arizona Fintech Sandbox Attains Further International Recognition<div class="ExternalClassD17C67371D9541319895FE86C42DDDE1"><figure> <img src="/econdevsite/MediaAssets/Other/UPDATE-20191025-Fintech-Sandbox.jpg" alt="Photo, a sandbox with one and five dollar notes laying on the sand" /> <figcaption><div style="text-align:center;">Image: City of Phoenix and Creative Commons</div> <br> <div style="text-align:center;"><em>By Katie Conner for the Arizona Attorney General</em></div> </figcaption> </figure> <p><span style="font-size:15px;">Attorney General Mark Brnovich today announced his Office has joined the Global Financial Innovation Network (“GFIN”). Spearheaded by the United Kingdom’s Financial Conduct Authority (“FCA”), GFIN is an international group of financial regulators aimed at supporting financial innovation and facilitating cooperation between regulators on innovation-fostering policies, tests, and initiatives. The Arizona Attorney General’s Office sought to join GFIN based on the success of the Arizona FinTech Sandbox. Since its launch in August 2018, the Arizona FinTech Sandbox has become the most active regulatory sandbox in North America, with eight participants currently testing various innovative financial products and services in the state. </span></p><p><span style="font-size:15px;">GFIN was launched in January 2019 by the FCA and eleven other agencies from around the world, including the Consumer Financial Protection Bureau. Aimed at establishing more efficient ways for businesses to interact with regulators, GFIN also seeks to facilitate cross-border testing for innovative financial products and services. Because businesses can obtain direct approval in Arizona for innovative tests through the Arizona FinTech Sandbox, the Arizona Attorney General’s Office is uniquely positioned among GFIN’s members from the United States to facilitate cross-border tests, particularly those related to payments and regulatory technology.</span></p><p><span style="font-size:15px;"> “Joining GFIN further demonstrates Arizona’s leadership on innovation and will allow Arizona to provide our experience and expertise to this important group,” said Attorney General Brnovich. “It is gratifying to see the Arizona FinTech Sandbox receive international recognition for the progress we’ve made. Participating in GFIN is a way to further expand Arizona’s sandbox through cross-border testing that will benefit consumers in Arizona and around the world as GFIN’s members learn how to better work together.” </span></p><p><span style="font-size:15px;">The Arizona Attorney General’s Office is one of twelve new GFIN members and one of two state agencies from the United States announced today. Other agencies from the United States accepted into GFIN along with the Arizona Attorney General’s Office are the Securities and Exchange Commission, the Commodities Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of Currency, and the New York Department of Financial Services. With the twelve new members announced today, GFIN membership stands at 50. Other agencies include the Monetary Authority of Singapore, the Hong Kong Monetary Authority, the Israel Securities Authority, the Abu Dhabi Global Market, and the Financial Supervisory Commission Taiwan, with whom the Arizona Attorney General’s Office entered into a separate cooperation agreement regarding its sandbox program in November 2018.</span></p><h2>New Cooperation Agreement with Polish Financial Supervision Authority</h2><p><span style="font-size:15px;">In addition to joining GFIN, Attorney General Brnovich also announced that he has signed a cooperation agreement with Poland’s financial regulatory agency, the Polish Financial Supervision Authority. This agreement establishes a cooperation structure between the Arizona FinTech Sandbox and the Polish Authority’s similar innovation-fostering programs. As with the agreement entered into with Taiwan last year, the structure of the cooperation agreement is aimed at providing an efficient means of sharing information between the two agencies regarding businesses seeking to enter each other’s market.</span></p>​<br></div>10/24/2019 7:00:00 AM



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