Business Growth

Arizona Technology Council’s Q1 2022 Technology Impact Report reveals steady year-over-year growth across key industry metrics

June 16, 2022

PR Log The Arizona Technology Council released its Q1 2022 Arizona Technology Industry Impact Report today. The report outlines the progress of the state’s technology sector across critical growth metrics and highlights diversity statistics within the industry. A key takeaway from 2022’s Q1 report includes a rise in technology industry investments, with venture capital funding increasing 162% since 2020 […]

University of Arizona hosts Canadian startups through international soft landings program

June 16, 2022

The University of Arizona Center for Innovation (UACI) welcomes two Canadian Startups to Southern Arizona through its Global Advantage Soft Landings program to explore international expansion opportunities into the United States. The two Canadian companies are Ecobloc which is based in St. Philip’s, Newfoundland, Canada and Longan Vision which is based in Hamilton, Ontario, Canada. […]

Lithium mining company plans to open research facility in Valley, create hundreds of jobs

June 15, 2022

Phoenix Business Journal Arizona Lithium Ltd. revealed plans to open a technologically advanced research and processing facility in the Valley and create hundreds of jobs. Arizona Lithium, an Australian company that’s working on the Big Sandy open-pit lithium mining project in northern Arizona, said it has committed to the state for its new facility, which will […]

Raytheon gets new Stinger missile contract as war in Ukraine boosts demand

June 8, 2022

Phoenix Business Journal Raytheon Technologies’ Tucson-based Missiles & Defense division will be producing hundreds of new Stinger missiles under a new $624 million contract with the U.S. Army. The deal calls for Raytheon (NYSE: RTX) to produce 1,300 of the versatile air defense missiles that can be rapidly deployed by ground troops, as well as […]

Emerge launches Benchmarking, an advanced business intelligence solution providing customers with real-time market data for contracted lanes

June 6, 2022

Emerge Benchmarking, the latest enhancement to the industry-leading Emerge RFP platform, supports data-enabled decisions with easy access to actionable information Today, Emerge, the leading freight procurement platform, launched Emerge Benchmarking, an enhancement to its RFP solution that empowers data-driven decision-making. Enabled by Machine Learning, Emerge Benchmarking updates and aggregates freight industry data from numerous trusted […]

Arizona startups honored: Finalists named for inaugural 2022 AZ Inno Fire Awards

June 3, 2022

AZ Inno The Arizona startup scene is coming into its own, with more fledgling businesses attracting outside capital, while fast-growing young businesses and solo entrepreneurs alike are relocating to the state in droves from the West Coast and other locales. AZ Inno, the state’s main news source for information on the startup community, is proud […]

Construction, hiring on schedule at Taiwan Semiconductor’s north Phoenix factory, company says

June 2, 2022

Phoenix Business Journal It’s been two years since Taiwan Semiconductor Manufacturing Company announced plans to build a massive factory in north Phoenix and, in a rare update, the company now says it is still on track to start production in 2024. Development is progressing as planned, with structural construction of the factory buildings and all support structures […]

Honeywell partnership developing tiny electric motor for urban transport jet

June 1, 2022

Phoenix Business Journal A two-year-old partnership that Phoenix-based Honeywell Aerospace entered with Japanese company Denso Corp. is yielding fruit in the form of a tiny electric motor the two companies are developing for a jet being built by another aerospace company, Lilium. Based in Germany, Lilium is working to develop the first all-electric vertical takeoff and landing […]

Honeywell’s flight management system selected by Airbus

May 27, 2022

InBusiness PHX Honeywell‘s Flight Management System (FMS) has been selected by Airbus to meet the air traffic management needs of the future A320, A330 and A350 aircraft. With the new FMS, airline customers will achieve best-in-class operational efficiency, reliability, and safety. Additionally, the new FMS also incorporates connectivity with the outside world, including Electronic Flight Bags (EFB), […]

StartupAZ names 18 companies to 2022 Collective cohorts

May 25, 2022

AZ Inno StartupAZ, a Valley nonprofit that helps foster the state’s innovation ecosystem, has chosen 18 companies to participate in the 2022 StartupAZ Collective, a yearlong program for founders. This year the participants will be split into two cohorts; The Growth group features established startups that may have employees or have raised some venture capital, […]

Business Growth

Register for the Council’s upcoming Phoenix and Tucson tech events and Optics Valley optics + photonics events.

Subscribe to AZTC Email Communications

Follow Us: