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HOT TOPICS

Arizona Defense Manufacturer Secures $20.7B Missile Production Contract

Raytheon, an RTX business, will accelerate production of AMRAAM missiles to record-setting levels under the terms of a five-year multi-year contract with two option years valued up to $20.7 billion awarded as part of the Department of War's Arsenal of Freedom. This contract follows the landmark agreement between Raytheon and the Department of War announced earlier … [More]

California Infrastructure Firm Expands into Phoenix with First Arizona Office

Latitude 33 Planning, Engineering & Surveying is expanding its footprint in the Southwest with the opening of a new Phoenix, AZ office, positioning the firm to better serve one of the nation’s largest and fastest-growing metropolitan areas. Located at 200 East Van Buren, Ste. 401 in downtown Phoenix, the firm’s new office is strategically situated in the heart of … [More]

St. Elmo’s 1933 Lounge Selects Gilbert for First Expansion Beyond Indiana

Thompson Thrift, a full-service, nationally recognized real estate company and one of the nation’s leading multifamily developers, announced today that 1933 Lounge by St. Elmo has signed a lease for an approximately 8,000-square-foot restaurant at The Gilmore, the company’s 35-acre mixed-use development in Gilbert. The new location will mark the first 1933 Lounge … [More]

Massive Industrial Proposal Could Reshape More Than 5,000 Acres West of Phoenix

Scottsdale-based LKY Development is pursuing industrial zoning for approximately 5,157 acres near Tonopah, positioning a large portion of the Belmont master-plan area for employment uses west of Phoenix. The vacant site lies generally between 347th and 371st avenues, north of Indian School Road. Maricopa County supervisors approved a comprehensive-plan amendment for … [More]

ASU’s London Expansion Builds a New Talent Bridge to Arizona

Michael Goodwin was less than a minute into his remarks when he made clear to the audience of 300 or so gathered for the opening of ASU London, a new independent, U.K.-degree-awarding higher education provider founded by ASU, exactly why they were there. “We’re here to celebrate the opening of what we believe will become one of the pioneering new providers of … [More]

Sky Harbor Names Major Airline Anchor for New West Terminal

Phoenix Sky Harbor International Airport announced that American Airlines will be the primary carrier operating from the airport’s future West Terminal, marking a significant milestone in the development of the new facility and the future of air travel in Phoenix. The announcement comes as Phoenix Sky Harbor unveils Destination PHX 2050, a comprehensive development … [More]

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TOP STORIES

Sprouts Anchors National Growth with New Headquarters and Flagship Store in Phoenix

Wespac Construction has completed the new Sprouts Farmers Market support office and flagship store at CityNorth in Phoenix, delivering a long-term home for one of Arizona’s most recognized public companies and adding a new public destination to the fast-growing North Phoenix district. The project totals approximately 186,000 SF  at 20555 N. 55th St., near the Loop … [More]

Phoenix Legal Heavyweights to Unite, Creating 800-Person Firm

Fennemore, one of the nation’s fastest-growing Am Law 200 firms, and Gallagher & Kennedy, an Arizona-based business law firm with decades of experience serving businesses, organizations and individuals throughout Arizona and New Mexico, will merge effective Dec. 1, 2026. The combination will bring together two firms with deep roots in Phoenix and longstanding … [More]

Amkor Expands Arizona Investment to $12B, Nearly Tripling Cleanroom Capacity

Amkor Technology, Inc., a leading provider of outsourced semiconductor packaging and test services, announced phase 2 of its Arizona Advanced packaging and test campus. Driven by strong customer commitments that have surpassed the 33,000 square meters of cleanroom capacity planned for phase 1, the phase 2 expansion is expected to add 60,000 square meters and bring the … [More]

CAP Readies $12M Legal War Chest as Colorado River Conflict Escalates

The Board of the Central Arizona Water Conservation District voted to authorize the district to act swiftly to protect its water users as the legal circumstances surrounding future Colorado River operations continue to develop. The authorization is a procedural step required under Arizona law and allows CAWCD, which operates the Central Arizona Project, to protect … [More]

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FEATURED STORIES

As AI Gains Authority, Businesses Face a Management Test

Most businesses still treat AI governance as an afterthought. The technology gets built or bought, tested, rolled out - and only once something goes wrong, or a regulator comes asking, do questions about oversight and accountability get any real attention. That's starting to change, out of necessity more than choice. ResearchCollab Technologies, an AI consultancy … [More]

How Arizona Utilities are Planning for a Future with Less Colorado River Water

With federal cuts reducing Arizona’s Colorado River allocation by 27 percent each year through 2028, many people are coming to us concerned and asking: “Will I still have water?” “Will my tap run dry?” “What should we do?” The short answer is that Arizona faces serious long-term water challenges, but these cuts do not mean customers should expect their taps to … [More]

How Digital Wallets Are Modernizing Business Payments

Digital wallets have changed how consumers pay for goods and services, and similar technology is now moving into business payments. For finance and accounts payable (AP) teams, the appeal is clear: digital wallets can make commercial card tools easier to issue and use while helping reduce manual work, improve controls and support faster, safer payments. In a … [More]

For more Featured Stories, click here

LATEST ISSUE

HIPPX Comarch

Data Centers in the Desert: W(h)ater You Worried About?

As data center development expands across the Phoenix region, questions about water use have moved quickly from engineering discussions to the center of public conversation. For an industry built on reliability and efficiency, the challenge is clear: How can digital infrastructure scale responsibly in one of the most water-conscious regions in the United States? Few … [More]

Artificial Intelligence Is Powerful – But It Cannot Replace a Lawyer’s Judgment

Artificial intelligence is rapidly transforming the practice of law. From drafting contracts to analyzing discovery, AI tools can complete in minutes what once took hours. For businesses under pressure to move quickly and control costs, the appeal is obvious. But as powerful as these tools are, they cannot replace one essential component of legal representation: … [More]

For the April 2026 issue, click here

LIVE AND LEARN

Photo courtesy of Carter Concepts Restaurant Group

Passport to Latin American Cuisine at The Mission Gilbert

Nestled in Epicenter at Agritopia, Chef Matt Carter’s acclaimed Latin-inspired restaurant transforms the midday meal into an experience rooted in bold flavor, warm hospitality and connection. What many don’t realize is that The Mission’s celebrated dinner energy carries seamlessly into lunch service, where guests can enjoy the restaurant’s signature sophistication … [More]

Heat-Blocking Technology for Arizona Vehicles and Buildings

As Arizona heads into another summer of triple-digit temperatures, protecting vehicles and homes and workplaces from extreme heat has become less about luxury and more about practicality. That’s according to Rogue Films, a Scottsdale-based company specializing in automotive protection and residential and commercial window tinting. Founder Matthew Stecker says many … [More]

2026 Porsche Taycan 4 Cross Turismo 

  The Porsche Taycan 4 Cross Turismo takes the Taycan formula and makes it more usable without stripping out what gives the car its appeal in the first place. It still has the immediate response and planted feel expected from a Porsche product, but the Cross Turismo body changes the assignment. More rear cargo room, added ride height, and standard all-wheel drive make … [More]

For more Live and Learn, click here

PHILANTHROPY

$1.5M Sprouts Partnership Aims to Transform Arizona’s Local Food Economy

Local First Arizona, nonprofit champion of independent businesses and inclusive economic development, announced a three-year, $1.5M partnership with Sprouts Healthy Communities … [More]

$250K Investment Launches Walmart’s Multi-Year Phoenix Workforce Initiative

Walmart announced a multi-year workforce development grant in Phoenix as part of a broader effort to help workers build skills, connect to quality jobs and advance their careers in … [More]

$1M Gift Helps Nearly Double Healthcare Capacity for Valley’s Unhoused

Circle the City has received a transformational $1 million gift from The Bob & Renee Parsons Foundation to support the completion of its new East Valley Medical Respite Center. … [More]

For more Philanthropy, click here

POSITIONS

Banner Names New Operating and Transformation Chief to Advance Growth

Banner Health announced the appointment of Kevin Manemann as executive vice president, chief operating and transformation officer. The appointment brings meaningful operational and … [More]

Scottsdale Developer Behind Major Valley Communities Elevates New CEO

Harvard Investments announced a planned leadership transition that reflects the company's long-term commitment to thoughtful succession, organizational stability, and continued … [More]

Phoenix Behavioral Health Provider Taps 30-Year Industry Veteran as COO

Axiom Care, a Phoenix-based provider of behavioral health services, substance use treatment and recovery housing since 2012, has announced Janelle Westfall, LPC, BCBA, LBA, as its … [More]

For more Positions, click here

ACHIEVEMENTS

Civilian Veteran Champion Awards Spotlight Women Driving Veteran Impact

Vanguard Veteran LLC recognizes eleven women as Civilian Veteran Champions for expanding pathways for veterans, transitioning service members, and military families through … [More]

72SOLD Founder Accepts National Appointment

Greg Hague, Phoenix real estate strategist and 72SOLD founder, was recently appointed director of Home Sale Strategy for Compass International Holdings, one of the world’s largest … [More]

Scottsdale Advisor Continues National Streak

Nayan Ranchhod, a Private Wealth Advisor with Ameriprise Financial, has been named to the 2026 Best-in-State Wealth Advisors list published by Forbes. The honor recognizes top … [More]

For more Achievements, click here

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Each month, the editors of In Business Magazine provide you with in-depth stories covering various aspects of business.

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Past Issues

Browse past issues of In Business Magazine to get top stories on the local and statewide economy.

September 2026September 2026 Cover
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See All Past Issues: November 2010 To The Present »

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