MotorTrend’s 2022 “car of the year” is a sedan made right here in Arizona. It’s the Lucid Air, manufactured by Lucid Motors in Casa Grande. Mike Boike, Senior Director of Manufacturing at Lucid Motors, told us more about this award-winning car.
It has been a record-setting year for Arizona entrepreneurs and their companies, which collectively pulled in well over $1 billion in outside financing from venture capitalists and private equity firms in 2021. The funding at the state level mirrors a national record for U.S. startups, which had collectively raised $238.7 billion as of September 30.
Just five months after going public and less than two months after delivering its first vehicles, electric luxury automaker Lucid Group Inc. is being added to the Nasdaq-100 Index. The move is a significant milestone for the California-based company, whose cars are being built at its growing new factory in Casa Grande south of Phoenix. The Nasdaq 100 is made up of the Nasdaq’s largest and best-performing nonfinancial companies, based on market capitalization.
An 18-member coalition led by the Greater Phoenix Economic Council was awarded a $500,000 grant for its proposed health care innovation project from the U.S. Economic Development Administration. On Monday, U.S. Secretary of Commerce Gina M. Raimondo announced 60 finalists for the EDA’s $1 billion Build Back Better Regional Challenge, which aims to boost economic pandemic recovery and is tied to the Biden administration’s coronavirus relief package.
Marcus Engineering named 2021 Small Business of the Year by Pima County; Arizona Science Center names Guy Labine new president and CEO; inside Intel’s $20B Arizona investment to reclaim America’s semiconductor dominance; Honeywell to acquire U.S. Digital Designs, Inc. to expand safety communications capabilities; ed-tech company Zovio appoints Randy Hendricks as new CEO; bioscience nonprofit Translational Genomics Research Institute (TGen) created economic impact of $658M in Arizona in 2020; why Carvana purchased 150 acres in Surprise for a facility that could employ hundreds; Axosoft changes name to GitKraken and hires Matt Johnston as new CEO; TekSystems Global Services and Best Western® Hotels & Resorts extend partnership; Nikola buys Phoenix HQ for $25M; Arizona Commerce Authority announces awardees for 2021 Arizona Innovation Challenge; Leonardo Electronics US Inc. expands semiconductor laser manufacturing facility in Oro Valley; Blue Cross Blue Shield of Arizona grants more than $395K to help fight diabetes; Viavi Solutions makes Inc.’s inaugural ‘Best Led Companies in America’ list; executive director of University of Arizona Center for Innovation joins International Business Innovation Association (InBIA) board of directors; Intel, Kudelski Security and other AZ organizations join public-private organization to research blockchain tech; the awards and recognition keep rolling in for medical device company SaiOx Inc.; regents approve millions in new research funding for Arizona State University, Northern Arizona University and University of Arizona; and an 18-member coalition led by the Greater Phoenix Economic Council (GPEC) wins $500K federal grant for health care innovation project.
Marcus Engineering is truly honored to have been recognized as a 2021 Small Business of the Year by Pima County. The engineering firm was recognized for “workforce development, maintaining a supportive workplace and fostering community engagement”.
The Arizona Commerce Authority (ACA) announced today 10 companies have been selected as Awardees for the 2021 Arizona Innovation Challenge (AIC). The 10 companies will be added to the Arizona Innovation Challenge portfolio and participate in the ACA’s Venture Ready Accelerator, connecting companies with serial entrepreneurs, high-level executives, and subject matter experts.
Blue Cross Blue Shield of Arizona’s Mobilize AZ initiative has awarded grants to seven local community organizations, providing funding to help combat diabetes and address social determinants of health.
Three Arizona companies made Inc. magazine’s inaugural Best-Led Companies in America list. The list highlights 250 companies throughout the U.S. with revenue between $50 million and $2 billion. Inc. and its editors used a proprietary algorithm to analyze each company’s management within four key areas: performance and value creation, market penetration and customer engagement, talent, and leadership team.
The innovation awards and recognition for Arizona-based medical device company SaiOx, Inc. (pronounced SIGH-ox) have been coming fast and furious this fall 2021. The company was selected as 2021 Venture Madness Winner in the medical category by Invest Southwest in partnership with the Arizona Commerce Authority. Venture Madness is Arizona’s longest-running venture capital conference event.