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2016 Year in Review

Lucid Motors announced their plan for an OEM electric vehicle manufacturing facility in Casa Grande. Courtesy of Office of Governor Doug Ducey.

By Eric Jay Toll for Phoenix Business Journal

Looking back, 2016 is the year of the economic development deal in Phoenix. There’s no question about it on the economy beat. There was a major job-creating capital-investment deal in every month of the year.

Trying to pick highlights was a real challenge. There are a lot of plums to put into the year-end pie. Economic development deals appear to be the best topping.


  • WorldView, the Tucson high atmospherics launch vehicle company announced a new headquarters near Tucson International Airport and Raytheon.


  • Carlisle Companies, a Fortune 1000, publicly-traded firm, announced its relocation from Charlotte, North Carolina, to Phoenix.


  • Orbital ATKsaid it was building a new facility and expanding in Gilbert.



  • John Hancockdecides to put its western regional office in the Papago area of Tempe.


  • Possibly the deal of the year is the international headquarters relocation of Kudelski (Nagra USA) from Switzerland to Phoenix.


  • Charles Schwab, already with a major presence in the Valley, added 600 tech jobs in Phoenix.



  • comexpands into the Phoenix market because California costs too much.


  • Another space-side of the aerospace sector launches in Tucson, with Vector Space Systemsmoving its headquarters to Pima County.


  • Long-awaited in Pinal County, PhoenixMartgoes vertical at last.
  • This is the most-read economic story of the year: Lucid Motorsannounces a $700M, 2,000-employee OEM electric vehicle manufacturing facility in Casa Grande.

December (through Dec. 8)

  • McKessonof San Francisco announces its twinned regional service center on the Salt River Pima-Maricopa Indian Community.

These are just the highlights. For the full list, follow the link to read more at Phoenix Business Journal.

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