Chief Executive Magazine ranks Arizona a Top 10 Place for Business.
Business leaders nationwide agree. Arizona ranks 6th-best in the nation for business climate: taxes and regulation, quality of workforce and quality of life.
Mexico’s cross-border trade is off to a good start in 2024. The country was the United States’ top trading partner in January, with two-way commerce totaling $64.5 billion, according to the most recent data from the Census Bureau.
Mexico’s trade with the U.S. rose 1.1% year over year (y/y) compared to January 2023. Canada ranked No. 2 with $59.7 billion in trade with the U.S. in January, a 3% y/y decrease. China was the third-ranked U.S. trading partner in the month with $47.9 billion in trade, a 6.6% y/y decrease.
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The Greater Yuma Economic Development Corporation (GYEDC) is seeking proposals from individuals or firms (“Contractors”) to provide Trade & Foreign Direct Investment Promotion services within Mexico on behalf of the greater Yuma region. GYEDC is seeking contractors with a proven track record in achieving the desired results described herein. The winning contractor will be awarded a contract with GYEDC to provide the trade and promotion services for one (1) year with a start date to be determined upon mutual agreement of GYEDC and the contractor. The attraction plan is part of a 5-year strategy to strengthen our region’s connectivity to Mexico’s industry, trade, and commerce.
About The Greater Yuma EDC GYEDC is tasked with growing and strengthening Yuma County’s economy by recruiting out-of-state and international companies to expand in our region and working with existing companies to grow their businesses. GYEDC is overseen by a public-private sector board of directors composed of community leaders in business and the public sector (the “Board”). The Board jointly oversees GYEDC’s activities and provides high-level direction, policy advice and strategy focus. GYEDC’s President and CEO establishes the strategic direction of GYEDC, manages the organization’s performance and is the link between the Board and GYEDC staff. GYEDC is committed to transparent practices and reporting that responsibly manages public and private sector investors’ money. GYEDC’s accountability is mandated by policies instituted to ensure that it maintains the highest standards of disclosure and business ethics. Yuma County Industries As outlined in GYEDC’s business plan, the best opportunities for business recruitment and expansion will arise in industries that already have a strong or growing presence in the greater Yuma region.
The following represents GYEDC’s targeted industry sectors.
For more information please click here.
To apply please send your resume to Admin@GreaterYuma.org
A NASA test of the Boeing Starliner’s main parachute system took place at U.S. Army Yuma Proving Ground (YPG) on January 9, 2024. The first Starliner-related test at YPG took place in 2018, and YPG has supported NASA-related testing since the earliest days of the space program.
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Video source: United States Air Force
YUMA COUNTY, AZ (February, 2024) — JLL announced that it has signed a 23,228-square-foot lease bringing a second Sprouts Farmers Market to Yuma, Arizona. With over 400 stores in 23 states, Phoenix-based Sprouts is one of the nation’s largest and fastest-growing specialty retailers of fresh, natural and organic food.
The new Yuma Foothills Sprouts store will be located at the northeast corner of Fortuna Road and Interstate 8. It will offer the company’s trademark grocery experience featuring fresh produce and better-for-you products, and items that cater to various dietary lifestyles including organic, plant-based and gluten-free options.
Regan Amato from JLL’s Phoenix office represented Sprouts in the lease transaction. Thomas J. Pancrazi of A.T. Pancrazi Real Estate Services represented the project developer.
For more details, click here
This turn-key facility features:
Two 110’x110’ hangar bays – 11,405 SF actual
(4) workstations in each hangar bay with pneumatic air, 110/220v, 60 amp, 3 phase, data &
phone. Suite 2 hangar bay includes 100 amp, 3 phase.
3,728 SF of separate office and shop space
7,126 SF of separate storage mezzanines
Hangar door height of 19’ 7 ½” and hangar door width clearance of 98’4”
Hangar floor supports aircraft up to 90,000-lbs
13,300’x200’, 9,239’x150’, and 6,146’x150’ Runways
Taxiways supporting aircraft aircraft up to 980,000lb
24 hours per day/ 365 days a year access
Mil-Spec secured perimeter and remote access CCTV on each corner of the facility
No parking or landing fees
Check out the below video to learn more about the Joe Foss Hanger! If you’d like more information please email gen@yumaairport.com
The BrightNight Orchard Renewable Power Project combines the best in energy innovation to deliver broad economic and environmental value to the Yuma community. The project will feature solar energy generation (a “Solar Farm”) co-located with a green hydrogen facility.
Yuma County, known for its vast desert landscapes and abundant sunlight, has become a focal point for renewable energy initiatives. By producing clean, renewable energy, the project mitigates gas emissions, reducing the carbon footprint of Yuma County.
The Orchard Renewable Power Project shines, by using the region’s natural resources responsibly, the project exemplifies the intersection of environmental conservation, economic prosperity, and technological innovation. As communities worldwide seek to address the challenges of climate change, initiatives like this give hope, illuminating a path toward a brighter and more sustainable future.
For more information, visit https://brightnightpower.com/orchard/
By MARIANA APPERSON
Feb 9, 2024
Representative Raúl M. Grijalva (AZ-07) released a statement in recognition of the groundbreaking for the complete renovation and modernization of the San Luis I Land Porty of Entry (LPOE). The San Luis LPOE recently received $300 million in funding for its modernization and expansion project from the Bipartisan Infrastructure Law.
“After years of advocacy, I’m proud to have helped secured this funding thanks to the passage of the Bipartisan Infrastructure Law,” said Rep. Grijalva. “The San Luis LPOE will receive $300 million for a complete modernization which will improve efficiencies and traffic flows, reduce wait times, increase processing capacity, and improve our border management. Moving forward, my top priority will continue to be improving our ports of entry and working to ensure we meet the needs of the people of the borderlands.” Read More.
More information on the San Luis I Land Port of Entry project can be found here.
YUMA COUNTY, AZ (March 29, 2023) — EVelution Energy, a U.S. electric vehicle (EV) battery materials processing company, announced plans to build a solar-powered carbon neutral cobalt sulfate production facility in Yuma County, Arizona. This facility, the first of its kind in the U.S., is expected to commence construction in 2024, be fully operational by 2026, and create approximately 300 construction jobs and 60 full-time jobs once operational.
Representing a $200 million investment, the facility will produce cobalt sulfate for EV batteries, a material crucial to America’s initiative to electrify the U.S. automotive fleet and transition to a net-zero economy. Cobalt sulfate is an integral component of the U.S. electric vehicle (EV) critical materials supply chain. EVelution Energy’s facility is expected to produce approximately 33,000 metric tons of EV battery grade cobalt sulfate per year, enough to support the domestic production of approximately 470,000 EVs each year.
“This is a big win for Yuma and our drive toward a more sustainable future,” said Governor Katie Hobbs. “Arizonans working at this facility will advance our transition to a clean energy economy and bolster Arizona’s reputation as a pioneer in a resilient and sustainable future. Thank you to EVelution Energy for your commitment to Arizona and for creating quality jobs for Arizonans in rural communities.”
“We are very excited to develop a domestic EV battery-material production facility, particularly a solar-powered facility, which is of key importance to the United States,” said Navaid Alam, President and CEO of EVelution Energy. “Our new production facility will bring back basic infrastructure and re-onshore jobs and technology to the United States and decrease our reliance on other countries for critical EV battery materials. We are grateful to Governor Hobbs, Senator Sinema and Senator Kelly, the Arizona Commerce Authority, the Greater Yuma Economic Development Corporation and M3 Engineering for their partnership, as well as Yuma County and the Yuma County Board of Supervisors for their support.”
“EVelution Energy’s investment in Arizona, helped by our energy and infrastructure laws, will strengthen our critical minerals supply chains, our national security, and our energy independence,” said Arizona senior Senator Kyrsten Sinema. “We’ll keep working together creating lasting careers and an economy that benefits everyone in our state.”
“EVelution Energy’s new facility represents a significant addition to Arizona’s battery manufacturing ecosystem,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “We are grateful to EVelution Energy for choosing Yuma County for this innovative facility that will drive further economic growth in rural Arizona.”
Built in a qualified opportunity zone in Yuma County between Tacna and Dateland, this best-in-class “green” facility will apply sustainable practices across all aspects of manufacturing and operations. In addition, the fully solar-powered facility is expected to not only supply all of its own power needs, but also support the surrounding agricultural community with clean power.
“The Greater Yuma EDC is proud to support the EVelution Energy Project in Eastern Yuma County,” said Julie Engel, President and CEO, Greater Yuma Economic Development Corporation. “The combination of new legislation, increased EV vehicle production and worldwide EV battery shortages have all led to the vision and future deployment for this cobalt processing facility, which will create a tremendous positive impact on the nation’s EV supply chain, the Department of Defense’s critical minerals supply chain, and attract opportunities from new U.S. mining sources, further reducing costs and securing the supply chain. We sincerely appreciate the support this project has received from the federal government, state government and local jurisdictions to help make this a reality.”
“I believe EVelution Energy is a good project for Yuma County,” said Darren Simmons, Yuma County Supervisor for District 3. “We as a community look forward to working closely with EVelution Energy to proactively address community concerns as the project moves forward, ensuring the facility will add value to the community and has a strong foundation for long-term success in Yuma County.”
EVelution Energy’s proposed investment highlights the recent ramp-up of economic activity in rural Arizona including Optimal Health Systems’ supplement production expansion in the Town of Pima, FrameTec’s $40 million manufacturing facility in Camp Verde and Nucor’s $100 million expansion of its steel production facility in Kingman.
Media Contacts
EVelution Energy: media@evelutionenergy.com
Alyssa Tufts, Arizona Commerce Authority, alyssat@azcommerce.com
About EVelution Energy
EVelution Energy LLC is a newly formed “qualified opportunity zone” business focused on building and operating the first solar-powered, carbon-neutral, Electric Vehicle (EV) battery-grade materials processing facility in the United States. EVelution Energy’s proposed processing facility is located in a “qualified opportunity zone” in Yuma County, Arizona. EVelution Energy LLC is a wholly owned subsidiary of the EVelution Energy QOZ Fund, LP, a newly formed US based “qualified opportunity zone” fund, organized for the purpose of investing in “qualified opportunity zone” properties and businesses in the United States. The Qualified Opportunity Zone Program was established by the Tax Cuts and Jobs Act of 2017 to provide a tax incentive for private, long-term investments in economically distressed communities. EVelution Energy is led by an execution-focused team of experienced professionals with extensive international experience in successfully completing large strategic infrastructure projects in various locations worldwide.
About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state’s leading economic development organization with a streamlined mission to grow and strengthen Arizona’s economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create – attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, please visit azcommerce.com and follow the ACA on Twitter @azcommerce..
This initiative created by New Growth Innovation Network,
alongside Local Initiatives Support Corporation (LISC),
International Economic Development Council (IEDC), HBCU
Community Development Action Coalition (HBCU CDAC), and with
support from the U.S. Economic Development Administration, will
help Community-Based Organizations and Economic
Development Organizations collaborate with each other to
advance inclusive economies.
We are excited to unlock specialized resources, make valuable
connections, and elevate community representation in economic
strategies!
6th
Chief Executive Magazine ranks Arizona a Top 10 Place for Business.
Business leaders nationwide agree. Arizona ranks 6th-best in the nation for business climate: taxes and regulation, quality of workforce and quality of life.