Arizona has more than 8,000 technology companies operating in the state, with a growing tech workforce of more than 168,200 jobs, a new Arizona Technology Council report found. The tech community has seen a 1.38 percent employment growth, which ranks the state second in the Southwest and ahead of California, according to the report.
A space systems company looking to boost aerospace technology in Puerto Rico announced it will move its global headquarters to Mesa Thursday after Hurricane Maria knocked out power and infrastructure on the island last fall. AQST Space Systems LLC plans to manufacture small satellites and rockets in Arizona, and secured space at the Falcon Field Airport for its global headquarters, said Arnaldo Soto Jr., chairman and CEO of AQST.
Within the first three years, AQST hopes to employ 125 people in Arizona, including administration, manufacturing, engineering and other jobs, Soto said. By the company’s sixth year, Soto plans to employ 600 people. The company is still looking for a manufacturing space, which Soto plans to open in Arizona. He is considering locations in Mesa near the Falcon Field Airport or the Phoenix-Mesa Gateway Airport.
Banner Health — which has the distinction of being the state’s largest health system, nonprofit and private employer — has $1.7 billion worth of construction projects on its drawing board this year.
The majority of those projects — $1.4 billion — are in Arizona for the company that operates in six states. Of the 386 active projects across its markets, 285 are in Arizona, said Kip Edwards, vice president of facilities services for Banner Health.
The Phoenix-based nonprofit has kept that building pace for the past several years, with 367 active projects totaling $1.7 billion last year. In 2016, it had 322 active construction projects totaling $1.9 billion. It also had 337 active projects totaling $1.5 billion in 2015.
That’s not to say that Banner has invested $5.1 billion over the past several years because many of those projects are ongoing, multi-year projects. That also means not all of the $1.7 billion will be spent in this calendar year.
Much of Arizona’s $1.4 billion in construction projects are part of ongoing, multi-year projects at its two big medical centers in Phoenix and Tucson, which started construction in 2015 and 2016.
The changes will expand Elliot from a single-lane road to a three-way stretch in both directions. The area, once just another vast stretch of Arizona desert, is now home to some of the fastest growing residential communities in metro Phoenix, including Eastmark, and a $2 billion Apple “command center.”
After expansions at its Gilbert and Chandler facilities, Orbital ATK is now expanding and investing $4.5 million in its cannon production facility in Mesa.
A groundbreaking ceremony was held March 29 for the new 36,000-square-foot facility planned to increase production capacity by co-locating Orbital’s warehouse and manufacturing operations into one site. The Mesa facility is off Loop 202 and Greenfield Road at 3309 N. Reseda Circle.
Denver-based EdgeCore Internet Real Estate LLC broke ground Wednesday on its first $150 million data center in Mesa, with an anticipated $2 billion company and customer investment at full buildout.
EdgeCore is initially building a 180,000-square-foot building in Mesa’s Elliot Road Technology Corridor to offer cloud-connected data center solutions to Fortune 1000 clients, said Ryan Oro, EdgeCore’s senior vice president of revenue.
In partnership with SRP, The City of Mesa Office of Economic Development launched www.AerialMesa.com, a 360-degree, interactive, bird’s eye-view of five Mesa business districts. AerialMesa.com, a web-based virtual reality tool, uses interactive technology to allow users to explore each of Mesa’s business district’s major assets and employers, new developments and investments, key amenities and development opportunities.
Phoenix-based co-working space Co+Hoots is spreading its wings and expanding to downtown Mesa as part of the planned $60 million Grid mixed-use development. The second Co+Hoots space will be in a 13,500-square-foot nest at a project that has not yet broken ground but one that promises restaurants, offices and 500 new residents along downtown Mesa’s Main Street.
The Phoenix area has 10,500 apartment units under construction to the tune of nearly $1.4 billion, according to a report being released today by Colliers International.
The market continues to record vacancy declines, even as new units are delivered, said Pete O’Neil, research director for Colliers International in Phoenix.
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