Week of January 8, 2020
Provided by Dorn Policy Group, Inc.
With the technological advancements of automated vehicles (AVs) and increase in popularity with the general public, the White House and U.S. Department of Transportation are working on developing the first ever Government-wide principles to guide Federal AV policy.
The USCBC is encouraging policies that benefit U.S. companies that do business with China. States such as Arizona export things such as Semiconductors and aerospace products that help support 15,270 American jobs.
As tensions with Iran settled, U.S. stocks soared. The Dow Jones Industrial Average rose 212.35 points while S&P 500 and the Nasdaq Composite Index increase as well. Monetary Policy is believed to be left unchanged because of the sustained growth in the stock market.
New tariffs on French goods such as cheese and champagne are impacting local valley business owners. The extra costs are causing local businesses such as the Arcadia Premium to raise prices to offset the rise in import pricing.
The push for the development of the I-11 to connect Phoenix to Las Vegas will provide for a direct route for millions of tourist and businesses. It is estimated to increase trade with Mexico and Canada yielding a $24 billion dollars of economic impact.
The new decade indicates an increase in growth for Arizona’s Autonomous Vehicle industry. Potential investments from Arizona companies could create nearly direct 40,000 new jobs and a $4.3 billion in economic output.
Hawaii’s largest airliner just opened up brand new IT facility in Tempe off of Rio Salado Parkway and Mill Avenue. This facility is set to double its current staff and work with local schools to offer internships. The new location is Hawaiian Airline’s largest IT facility outside of Honolulu, HI.
The new federal ban on ‘Juul’ type cartridges (prefilled, throwaway eCigarette products) is being embraced by people like Andrew Bird, a local business owner of the E-Cig City Tempe vape shop. Bird reacted positively to bettering the public health and explained the consequences that would happen if the ban included all flavored vape cartridges.
Arizona State University rose to No.7 in total research expenditures without a medical school with a record total amount of $617.7M for the 2018 fiscal year. The university encourages its students to engage in cutting edge research initiatives to learn how it benefits the good of society and worldwide economies.