Chandler Economic Development Update (5/4/2016)

ECONOMIC DEVELOPMENT UPDATE :: MAY 4, 2016

Chandler Startup Selected for Flinn Foundation Entrepreneurship Program ::

AniCell Biotech, a Chandler-based startup and Innovations incubator client, was recently announced as one of six Arizona bioscience firms competitively selected to participate in the 2016 Flinn Foundation Bioscience Entrepreneurship Program. The program fosters entrepreneurship and helps early-stage bioscience firms develop into successful and sustainable businesses by providing funding support along with a set of program services. Over the past three years, the Flinn Foundation has selected 15 bioscience firms to participate in the program.

Founded in Chandler, AniCell Biotech focuses on extending the active life of animals through the development of revolutionary treatments that accelerate healing of debilitating injuries. In September 2015, the company announced the launch of its EquusCell product line of regenerative therapies for horses that requires no harvesting of bone marrow or fat stem cells. The success of this innovative, non-invasive product line has been highlighted by testimonials from veterinary surgeons who have witnessed positive results firsthand.

For more on AniCell, visit www.anicellbiotech.com.

Chandler Municipal Airport a Catalyst for Economic Development ::

Owned and operated by the City of Chandler since 1948, Chandler Municipal Airport (CHD) has developed into one of the nation's busiest general aviation airports. In 2015, it ranked 12th nationally with more than 220,000 take-offs and landings. By 2025, it is projected that more than 400,000 will occur at CHD each year. All of this activity adds up to a major economic impact, supporting business growth and economic development throughout Chandler. Click below to watch a brief video and learn more.

Site 6 Development Plans Moving Forward ::

Ryan Companies has plans to develop Site 6 in downtown Chandler. The 4.25 acre site is located directly across from City Hall on the northwest corner of Chicago Street and Arizona Avenue.

"The momentum that the City of Chandler has developed in downtown Chandler over the past 10 years has been remarkable. We consider ourselves fortunate to work with the City of Chandler to meet the objectives to provide office and retail space to attract businesses that will ultimately bring jobs to the downtown area," said Steve Jordan, Ryan Companies' Director of Construction Services for the Southwest Region.

Plans for Site 6 consist of two build-to-suit office buildings with ancillary retail. The first phase will be approximately 44,000 square feet of office with 5,000 to 7,000 square feet of retail. Phase two will be approximately 100,000 to 125,000 square feet of office with an additional 7,000 to 7,500 square feet of retail. Both the City and Ryan Companies will be marketing the site to high-tech, high-wage employers whose workers often want to live and work in the sort of urban environment downtown Chandler offers.