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LG Energy Solution to ramp up investment in planned Valley battery manufacturing plant

March 28, 2023

South Korean battery giant LG Energy Solution Ltd. has confirmed its plans to move forward with building a battery complex in Arizona and will be significantly increasing its investment in the project. LGES, one of the largest battery makers in the world, said Friday that now it plans to invest $5.5 billion to construct two manufacturing plants in Queen Creek, a town located just south of the Phoenix-Mesa Gateway Airport.

Scottsdale forward: Innovation in business

March 28, 2023

The Scottsdale Area Chamber of Commerce presents Scottsdale Forward: Innovation in Business, an economic development symposium geared towards business leaders in the Scottsdale community. The breakfast event will be held at the Scottsdale Center for the Performing Arts on Wednesday, April 19th from 7:30 AM to 9:15 AM. Registration is open through the Scottsdale Chamber’s website.

Tempe medical device firm raises $45M to expand technology to treat brain tumors

March 27, 2023

Tempe-based GT Medical Technologies Inc. raised $45 million to expand its technology to treat patients with operable brain tumors. The funding will be used to expand the company’s commercialization of its GammaTile Therapy, a targeted radiation therapy the U.S. Food and Drug Administration cleared in July 2018 for patients with operable brain tumors.

Salt River Project looks from within to select new CEO to replace retiring Mike Hummel

March 27, 2023

Salt River Project has named longtime employee Jim Pratt as the company’s new general manager and CEO. Pratt will start his new job on May 5 to lead Arizona’s largest community-based, not-for-profit utility. Pratt succeeds CEO Mike Hummel, who is retiring. The Tempe-based company said that Pratt was selected from among a number of internal candidates.

Intel names Stuart Pann head of foundry business unit that is crucial to Arizona, company

March 23, 2023

Intel Corp. (Nasdaq: INTC) named a new head of a cornerstone business unit in CEO Pat Gelsinger’s revitalization plan for the company. The chipmaker on Tuesday tapped Stuart Pann as senior vice president and general manager for Intel Foundry Services, reporting to Gelsinger.

Quottly joins Parchment to transform student mobility with course & program sharing, transfer articulation and dual enrollment solutions

March 23, 2023

Today Parchment, the industry leader in academic credentials management, announced the acquisition of Quottly, the leading technology solution for course and program sharing, transfer articulation, and dual enrollment. This acquisition adds a new dimension to Parchment’s mission to turn credentials into opportunities by helping higher education give students access to more academic options, up-to-date transfer information, and guided pathways to ensure they stay on track and graduate on time.

Boeing will be building dozens of Apache helicopters in Mesa

March 23, 2023

The Boeing Co. will be building 184 AH 64E Apache attack helicopters in Mesa under a $1.9 billion contract modification that brings the value of an existing deal with the U.S. Army to $2.1 billion. The modification, which was awarded on March 17, can still increase to more than $3.8 billion in the future, Boeing said. Boeing (NYSE: BA) was the sole applicant for the contract after bids were solicited via the internet, the Department of Defense said.

The VB Cosmetics story in 2023

March 21, 2023

VB Cosmetics, Inc. (VBC) is a rapidly growing, vertically integrated cosmetics product innovation, marketing, sales and manufacturing company in Chandler, Arizona, which is looking for highly motivated colleagues who wish to roll up their sleeves, dig in and be part of a winning organization.

Banner Health to build $400M hospital campus in Scottsdale

March 21, 2023

After losing a state land auction to HonorHealth last November, the state’s largest health system plans to build a $400 million hospital campus down the street. Phoenix-based Banner Health plans to purchase 48 acres of land on the southwest corner of Hayden Road and Loop 101 in north Scottsdale — near a separate 48-acre parcel of state land where it had planned to build at the northeast corner of Hayden and Loop 101.

University of Arizona Center for Innovation generates $35.3 million economic output

March 20, 2023

The University of Arizona Center for Innovation had an economic output of $35.3 million in 2021, according to a new analysis of the center’s impact. Part of Tech Parks Arizona, the UArizona Center for Innovation, or UACI, is a business incubator network that empowers science and technology startups in Southern Arizona and around the world to bring their ideas to market.

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