Ryan Companies US, Inc., a national commercial real estate solutions provider, recently announced the financial closing and beginning of construction for Schrader Farms Business Park. Located at the northwest corner of Queen Creek and McQueen roads, the business park is comprised of three industrial buildings totaling more than 432,000 square feet.

“As the Phoenix market continues to experience speculative industrial deliveries, we are thrilled to break ground on an infill project that will benefit a variety of users in a high barrier to entry submarket,” said Josh Tracy, senior vice president of real estate development, Ryan Companies.” Given this project’s prominent and strategic location in the East Valley, it will suit users looking for space to fulfill their manufacturing, logistics and supply chain needs.”

Schrader Farms Business Park is within the city's Airpark Area employment corridor, which has seen significant industrial development and business investment in recent years thanks to location advantages that include a diversity of site and building options, proximity to major freeways, and ability to recruit from the East Valley's growing labor pool.

“Chandler continues to follow a strategic and thoughtful plan for industrial development in our innovation-focused community,” said Chandler Mayor Kevin Hartke. “We would like to thank Ryan Companies for their commitment to this vision and we are confident that these Class A industrial buildings will make the short list for manufacturing and R&D prospects considering the East Valley.”

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Phoenix Business Journal Article

The Chandler City Council has lowered the city's primary property tax rate for the ninth consecutive year to help minimize the impact of increased property values. The one cent reduction brings Chandler's combined property tax rate to $1.0826 per $100 of assessed property value for fiscal year 2024-25, which begins July 1.

Other budget highlights that help ensure Chandler offers the right environment for continued development activity and business growth include:

• Maintaining the lowest combined annual cost of services among Valley cities for water, wastewater, solid waste, property tax and sales tax.
• Investing millions of dollars in infrastructure projects to support streets, parks, public safety, sustainability and other critical areas.

City of Chandler 2024-25 Budget and 2025-34 Capital Improvement Program

Penn Foster Group, a leading provider of digital and data-driven learning solutions for in-demand skills and careers, has officially opened its Arizona Center of Excellence in Chandler, Ariz. This expansion marks the company's largest on-site space and strengthens its national presence beyond existing hubs in Atlanta, Lehi, Utah, and Scranton, Pa.

Located within 10,000 square feet at 3133 W. Frye Road, this Center of Excellence will enable Penn Foster Group to better serve its learners by providing access to new internal technology, continue growing its talented staff in an education-centric location, expand hours of operation to better serve students, and tap into the bilingual workforce available in the greater Phoenix area.

“Known for its innovation, thriving business community, and strong workforce, we’re confident that our move to Chandler, Arizona will allow us to bring even stronger outcomes to our learners,” said Kermit Cook, CEO of Penn Foster Group. "This expansion into Chandler marks a significant milestone for our organization.”    

“We are excited to see more office-based employers like Penn Foster Group lease space in Chandler,” stated Chandler Mayor Kevin Hartke. “The central location of Price Corridor, along with its diverse selection of nearby retail amenities, continues to attract companies looking to expand their footprint. We would like to congratulate Penn Foster Group on its beautiful new office and look forward to facilitating their future growth.”

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Here in Chandler, June was officially proclaimed as NXP Innovation Month. This is an especially important year as we are celebrating 30 years of NXP Semiconductors' Chandler Fab serving the semiconductor industry. In addition to the proclamation at the June 10 City Council meeting, city leaders attended an event at the Chandler Fab and presented NXP with a custom Chandler street sign (pictured above).

NXP is a global company and trusted partner for innovative solutions in the automotive, industrial, internet of things (IoT), mobile and communications infrastructure markets. NXP owns and operates four wafer fabrication facilities in the United States with two of those fabs located in Chandler.

Are you an entrepreneur interested in connecting with likeminded individuals and resources to grow your ideas? The Chandler Endeavor Venture Innovation Incubator offers free programs and events to support the growth of individual businesses like yours as well as our community's entrepreneurial ecosystem. Below are some of the upcoming events for Chandler founders. If you are interested, we encourage you to stop by the ASU Chandler Innovation Center (ACIC) at 249 E Chicago St to meet the Chandler Endeavor team. Learn more at chandleraz.gov/chandlerendeavor.