Legislative News

Tempe and Beyond: What’s Happening In Politics?

Provided by Dorn Policy Group, Inc.  

National/State/Local: Week of February 4, 2019

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NATIONAL

Manufacturing sector rebounded sharply in January

Stocks rose after the Institute for Supply Management (ISM) said that its key index on manufacturing rose 2.3 percent from December. The Dow was also up nearly 150 points before dropping again. Companies are still confident and willing to spend on new equipment to better their products.

JCPenny will stop selling appliances at end of the month

The retailer made the decision Thursday to discontinue selling major appliances at all of their stores by the end of the month. JCPenny has continued to battle declining sales and executive vacancies over the last couple of months.

Apple eyeing NYC real estate after Amazon HQ2 pick

Reportedly, Apple is in advanced talks to acquire 60,000 square feet inside a newly built tower in Manhattan. The tech giant has been negotiating with 55 Hudson Yards for space and to develop a large retail presence along the Hudson Yards complex.

 

STATE

Arizona unveils job program for people with disabilities

A national company that helps people with disabilities find work is on a mission to create hundreds of job opportunities in Arizona. Gov. Ducey and The Precisionists, Inc. announced a partnership, the Phoenix Precision Project that will provide training and placement services.

Aerospace is taking off in Arizona

With manufacturing coming back to the U.S. and Arizona having clear skies for most of the year, the state’s aerospace and defense industry are expected to continue its major growth.

 

LOCAL

Benchmark Electronics HQ grand opening in Tempe

Benchmark Electronics opened its new headquarters in Tempe last week near ASU, after 40 years in Texas. The tech company is bringing in 500 new jobs to the City of Tempe.

BKM Capital Partners acquires a new industrial portfolio in Tempe

Recently, BKM Capital Partners has acquired new retail space in Tempe. A new business center is set to open soon.

Nearly 250,000 more hotel rooms rented in Tempe, creating jobs and improving city services

Tourism revenues in the City of Tempe increased greatly. The growing business community, the popularity of ASU, and new flights in to Phoenix can be thanked in part for this tourism boom.