Legislative News

Tempe Beyond Image

Week of February 18, 2020

Provided by Dorn Policy Group, Inc.  

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National

Coronavirus Casting A Shadow on the U.S. Economy

With the outbreak in China widening, there are raising prospects of shortages and price increases for iPhones and other products and disrupting parts deliveries for carmakers. The effects on the economy and commerce have been modest but could worsen if factory shutdowns in China persist.

India Offers Concessions on U.S. Farm Goods to Reach Trade Deal

India is offering greater open market access for American farm and dairy products. Being fresh off trade deals with China, Mexico, and Canada, a new one with India would further increase access for U.S. businesses to better the market.

Sudden 200 Point Drop in Dow Jones

The stock fell suddenly for no immediate reason. This relates to technical factors and an increased fear of the coronavirus slowing down the global economy. Gold also jumped to a seven-year high.

State

AZ Bioscience and Health Communities Jump in to Eradicate Coronavirus

The Arizona Bioscience and Health communities are working alongside counterparts from around the globe to combat the growing coronavirus. Researchers and health facilities, such as ASU, are working to develop vaccines to prevent future cases.

Arizona Economy Set for ‘Great Year’ After US Jobs Report from Expert

Arizona is bustling with more economic opportunities throughout the state. U.S. Employers added 225,000 jobs in January. Pro-business state policies and the new USMCA trade agreement puts Arizona is a position to outperform national trends.

Arizona Business Leaders Seek Ways to Protect Water Supply

Arizona Business Leaders from the state’s most sustainable companies, such as Microsoft, Intel, APS, and SRP met with legislators to discuss on protecting the future of the state’s water supply. Businesses are switching to aerating methods versus water cooling systems, in addition to using renewable energy methods.

Local

New Financial Firm is Being Centralized in Tempe

Q Financial, Inc., a financial services firm is being centralized in Tempe with a new headquarters. The company currently has 15 other states and plans to add more new jobs to the local area.

Canopy by Hilton Tempe Downtown will Open in Spring!

Tempe’s newest hotel is set to open a contemporary, full-service hotel with 198 rooms and suites, in addition to 5000 square feet of meeting space. The hotel is in the hub of Tempe and set to bring in more tourism efforts to the area.

ASU’s W.P. Carey School of Business Announces STEM-designed Master’s in Global Logistics

W.P. Carey School of Business announced a new Global Logistics master’s program that has been designated by the U.S. Immigration and Customs Enforcement.