The summer of 2021 is leading the record books for businesses relocating to Arizona, including semiconductor manufacturers, electric car makers and many other tech companies. While most relocations and expansions are happening in the Valley, Northern Arizona is also attracting new companies. CP Technologies in north Prescott is a good representation of the trend. The defense company, which also builds unmanned aerial vehicles, opened its doors earlier this year after relocating from San … [Read more...] about Arizona’s Business Landscape Sees Explosive Growth
economic growth
Arizona Leads Nation In Personal Income Growth
Personal income in Arizona rose last year at a rate faster than nearly any state in the country, according to new estimates from the Bureau of Economic Analysis. With a personal income growth rate of 8.4%, Arizona tied with Montana for the fastest rate of growth in personal income in 2020. “Throughout the pandemic, we’ve sought to stretch and strengthen the social safety net to protect people out of work due to no fault of their own,” said Governor Doug Ducey. “We’ve also adopted a … [Read more...] about Arizona Leads Nation In Personal Income Growth
An Exciting Time for Economic Development in Prescott
Prescott is entering exciting new times in economic development, particularly in the area of high technology jobs for our young people. The city has retained James Robb as a consultant for economic development efforts in this area of focus. Robb is an experienced senior executive and business development professional, and dealmaker who has helped raise hundreds of millions of dollars for organizations over the last 30 years, and is connected to senior executives across private equity, venture … [Read more...] about An Exciting Time for Economic Development in Prescott