Economic Development

Nanomoneo, a biotechnology instrument company, has selected the University of Arizona Center for Innovation for its new applied research operation.

The Greater Phoenix Chamber has launched the Arizona Economic Dashboard as a new tool to track the progress of Arizona through its economic recovery to ensure local businesses are equipped with accurate data to inform business growth and expansion.

America’s fifth largest non-bank mortgage servicer, Shellpoint Mortgage Servicing (SMS), is expanding operations in Tempe with plans to add positions by the end of 2020.

Nikola Corporation (NASDAQ: NKLA), a global transportation leader in zero-emissions and infrastructure solutions, has broken ground on a 1-million-square-foot manufacturing facility across 430 acres in Coolidge, Arizona.

AdhereHealth, a healthcare technology leader in medication adherence insights and health outcomes, has formally expanded into Arizona with the opening of a new pharmacy in Gilbert, Arizona.

CP Technologies has formally broken ground on its new headquarters and manufacturing facility in Prescott, Arizona.

STACK Infrastructure has announced it will expand into Arizona with a 79-acre site in Avondale.

Northeastern Arizona is now referred to as the “Real AZ Corridor,” meaning it boasts resources, energy, access and lifestyle – or R.E.A.L. – opportunities for businesses that choose to invest here.

Red Bull, a leader in the $8 billion energy drink industry, will expand operations in Glendale, Ariz. by adding a distribution center.

Block 23 in Downtown Phoenix will have four tenants occupying space at the high-rise, mixed-use destination by this summer. WeWork was among the first tenants to open at Block 23, occupying 90,000 square feet on the seventh and eighth floors.