The Arizona Technology Council released its Q1 2021 Arizona Technology Industry Impact Report, which shows an increase in tech companies, wages and jobs — a continuation from 2020. The report shows tech jobs increased by 3.6%, to 204,161 jobs. Job postings in technology for Q1 have nearly reached the high-water mark set in July 2019. … Read more
Tiempo development, a nearshore software development company specializing in enterprise cloud solutions, announced they have secured a $2.2 million in royalty financing from Cypress Growth Capital. CEO of Tiempo Cliff Schertz said they decided to go with Cypress because of their royalty-based investment model caters to high-tech companies. “[We needed] to put more cash into … Read more
It’s no surprise that Phoenix is on an upswing with job growth, more out-of-state companies are expanding here and startups are percolating from the local universities and incubators. In a research report released today by CareerBuilder and Economic Modeling Specialists Intl. (EMSI) it revealed that Phoenix was among the “Top 10 cities with the highest … Read more
The Arizona economy is off to a good start this year. According to numbers released by the U.S. Bureau of Labor Statistics Monday, Arizona had the third largest job growth so far this year. The state added 8,600 jobs from December 2013 to January 2014, the report said. Only Texas and Ohio had larger growth, … Read more
Arizona is forecasted to have one of the fast job growths in the United States, according to an USA Today article quoting an IHS Global Insight report. The article credits Arizona’s growing technology sector for the growth, as well as an increase in tourism and a stabilized housing market. Arizona’s tech sector is growing from … Read more
Unemployment spiked in October 2009 at the height of the recession, and it has taken over 4 years to finally see the recovery. Unemployment was at a low of 6.6 percent in the month of January 2014, which is a vast decrease from the highest unemployment rate of 10 percent. According to MarketTalks News ten … Read more
You no longer need to move to Silicon Valley to have a successful career in tech. Arizona’s tech ecosystem is growing fast. Arizona tech startups are announcing raises, major semiconductor and EV companies are expanding here and local capital is increasing. Arizona’s tech sector even continued its rapid growth during the pandemic, ranking eighth in … Read more
Virtuous, a fundraising platform for nonprofits, has closed an $18 million Series B raise, which will be used to further support the company’s goal to hire locally and expand the team nationally. The money will also help support the company’s fast growth trajectory and improve product offerings. The raise was led by Fulcrum Equity Partners, … Read more
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions company headquartered in India, has announced plans to invest more than $300 million in Arizona by 2026 and hire more than 220 employees here by 2023. The company will also expand the reach of its STEM and Computer Science education programs in … Read more
For several years now, Metro Phoenix has been touted as one of the next major tech hubs in the U.S. The StartupAZ Foundation, a non-profit organization dedicated to growing Arizona’s startup ecosystem, has announced a new cohort of companies as part of its StartupAZ Collective. The StartupAZ Collective is designed “to increase the performance and … Read more