Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix


    Builder purchases even more West Valley lots for entry-level homes
    The latest acquisition of lots by the Los Angeles-basedl builder brings its total purchases to 351 in a fast-growing community. A company official outlined its strategy for lot selection to the Business Journal.


    Chandler firm raises $250M to fund high-growth companies
    Trinity Capital Inc. has closed on $250 million in new capital aimed at providing funding for growth-stage companies. The Chandler-based specialty lending company also increased its capital resources with a $300 million credit facility. Both pools of funding will be used to provide loans and equipment financing for businesses backed by technology-focused banks, venture capital and private equity firms. Since 2008, Trinity Capital's funds have provided $846 million in investments to growth-stage?


    Maricopa leads US counties in job growth, new data shows
    Maricopa County continues to dominate in job growth. The county saw the biggest increase among the 10 largest U.S. counties year-over-year in the percentage of jobs created in third-quarter 2019, compared with the year-earlier third quarter, according to the U.S. Bureau of Labor Statistics? Quarterly Census of Employment and Wages. Between September 2018 and September 2019, Maricopa County had a 3.2% increase in employment, adding 106,600 jobs. Construction led all job sectors in the county,?


    Frontier adds two direct flights from Phoenix to California
    Frontier Airlines is adding new direct flights from Phoenix to California. The low-cost Denver-based carrier, which is owned by Phoenix private equity firm Indigo Partners, announced Tuesday it will start flying from Phoenix Sky Harbor International Airport to Los Angeles and San Jose. Frontier will add daily flights from Sky Harbor to Los Angeles International Airport and Norman Y. Mineta San Jose International Airport starting April 23. ?We see tremendous growth opportunities for low-cost?


    Valley's largest spec industrial project begins construction
    The $100 million project in the West Valley is scheduled to be completed in December.


    Legislative action essential to Arizona's tech industry success
    In this guest column, the CEO of the Arizona Technology Council makes his case for lawmakers to push through a pair of bills before the Arizona Legislature dealing with a pair of tax credit programs as well as another focused on STEM workforce development and education.


    Phoenix home price gains now the highest in the US
    Home price growth in metro Phoenix comes at a time when homebuilders are doing everything they can to keep up with demand for new housing despite labor shortages ? while more are trying to include more affordable entry-level homes in the mix.


    Keap bringing back ICON conference to Phoenix
    Chandler-based Keap, formerly Infusionsoft, is bringing back its annual user conference ICON. Clate Mask, Keap's co-founder and CEO, made the announcement Tuesday morning during the quarterly Facebook Live event the company hosts for the Keap community. Dates and details are to be announced soon by the small business sales and marketing software firm. Keap executives decided to cancel the company's annual ICON small business conference back in December 2017, with the plan to focus instead on?


    Wells Fargo gives millions in grants to help minority-owned businesses
    Wells Fargo Bank NA has awarded grants through its diverse community capital program to two Phoenix-based nonprofits that provide loans for minority-owned businesses. The San Francisco-based Wells Fargo (NYSE: WFC) awarded the National Association for Latino Community Asset Builders $10 million to start the Acceso loan fund. The Acceso loan fund distributes the grant equally among 12 community development financial institutions, nonprofit organizations that provide loans for small businesses that?


    Former Medicis exec has new Valley pharmaceutical firm on fast track
    A Valley health care exec is bringing new dermatology products to the market, and bringing many former employees of Scottsdale-based Medicis Pharmaceutical into his fast-growing startup.


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Brock Danielson
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