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On this page you will find important news about the Phoenix business environment, from key company locates to the overall economy.
Click on a blue button to read news stories specific to the topic.

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Eric Jay Toll
Communications Manager 
Mobile:  602-617-3797



Second headquarters coming to Phoenix for New York financial, payroll firm220Second headquarters coming to Phoenix for New York financial, payroll firm<div class="ExternalClassE35344B3C6174DB29C114772F698C585"><p>​<em>Phoenix Business Journal (Mike Sunnucks):</em> Paychex Inc. (Nasdaq: PAYX) is landing a second headquarters operation in north Phoenix’s Deer Valley area where it has now grown to 500 employees.<br></p></div>3/14/2018 7:00:00 AM
Developer rolls out sprawling 3.6M-square-foot, $300M industrial park in Phoenix 219Developer rolls out sprawling 3.6M-square-foot, $300M industrial park in Phoenix <div class="ExternalClass839F1472FDD2469B87CFD47C509030DF"><em>Phoenix Business Journal (Mike Sunnucks):</em>  Irwin G. Pasternack AIA + Associates PC and Pasternack Properties has broken ground on the 1.1 million-square-foot industrial building off 83rd Avenue near Interstate 10 and the Loop 101 in west Phoenix.<br> <br>The TEN Distribution Center 1 is the first phase of a larger 3.6 million-square-foot, $300 million industrial park on one of the large commercial real estate parcels in the region.<br> <br>Irwin Pasternack serves as the property owner, architect and developer on the TEN Distribution Center project. JLL brokers Anthony Lydon, Marc Hertzberg, Riley Gilbert are handling leasing.<br> <br>Graycor Construction Company is the general contractor.<br><p><br></p></div>1/26/2018 7:00:00 AM
Phoenix looks to redevelop big Del Rio parcel 218Phoenix looks to redevelop big Del Rio parcel <div class="ExternalClass99BB79CB153242A29E9BBB8B5921834D"><p><em>​Phoenix Business Jourmal (Mike Sunnucks): </em>Chris Mackay hopes what used to be one man’s trash will become another’s treasure. Mackay is community and economic development director for the city of Phoenix and one of the leads in the city’s effort to redevelop a 156-acre property that previously was the Del Rio landfill. The south Phoenix landfill closed in the 1980s and the parcel includes park areas. The land sits on the south bank of the Rio Salado (i.e. Salt River) near Seventh Street and north of Broadway Road.<br></p><p><em></em></p></div>1/25/2018 7:00:00 AM
Downtown Phoenix has seen 318 percent increase in tech companies since 2012214Downtown Phoenix has seen 318 percent increase in tech companies since 2012<div class="ExternalClass21720C00673E46B8B4961160FEF7A93E"><p><em>Phoenix Business Journal (Hayley Ringle):</em> Phoenix Business Journal (Hayley Ringle): If you didn’t already know it, downtown Phoenix is hot — not only for its deluge of 4,477 housing units planned, under construction or built and new restaurants opening almost daily, but the number of tech companies relocating to the central city core. The downtown area has seen a 318 percent increase in tech companies since 2012, has been ranked third for high-tech job growth and fourth for the best metro area for young professionals, said Shannon Selby, the economic development program manager for the city of Phoenix. While the U.S. economy rose 1.5 percent in 2016, that number was 2.6 percent in Phoenix metro as the city was ninth among the top 25 metro areas, Selby said.</p> </div>1/16/2018 7:00:00 AM
New air cargo hub transforms Phoenix into 'powerful economic engine' 211New air cargo hub transforms Phoenix into 'powerful economic engine' <div class="ExternalClass0141610A89494088AD042A794AE40C89"><p><em>SupplyChainDive (Jennifer McKevitt)</em>: SkyBridge Arizona, a new international air cargo hub and the nation's first, will soon commence operations out of the Phoenix-Mesa Gateway Airport, American Shipper reported. The hub will enhance trade between the U.S., Mexico and throughout Latin America by eliminating the additional step of gaining approval in Mexico City. The customs portion of the project — Unified Cargo Processing (UCP) Program — will be operated by both the U.S. and Mexico. The joint program initially began in Nogales, Arizona and will now expand for air freight to SkyBridge Arizona. The project will likely create 17,000 jobs and increase cargo flights out of the Phoenix-Mesa Gateway Airport by roughly 2,000 a year, transforming the airport from a "convenient regional transportation hub to a powerful economic engine,” Jose Pablo Martinez Buentello, SkyBridge Arizona project manager, said in a press release. At least $230 million dollars in investments have been set aside for 360 acres of land for commercial development and 2 million square feet of warehouse space to accommodate the project. </p> </div>1/12/2018 7:00:00 AM



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