Economic Development E-Newsletter | November 30, 2022 |
|
Connect with us
on social media!
|
|
|
|
Choose Chandler this holiday shopping season |
|
The City of Chandler is encouraging residents and visitors to support Chandler businesses this holiday season through its Choose Chandler campaign. "There are so many unique, locally-owned businesses in Chandler," said Micah Miranda, Economic Development Director. "Before you go online to make a quick purchase, keep that in mind. Now is a great time to explore within your community and support businesses that have invested so much here in Chandler."
|
|
ICYMI: VIAVI expands U.S. manufacturing capacity and boosts Arizona economy with opening of new optical production facility |
|
VIAVI Solutions Inc. held a grand opening in Chandler on November 10 to mark the completion of its new production facility and global headquarters. The plant's opening is a boon for the local economy, representing an initial capital infusion of nearly $100 million, with a further $50 million expected to be generated in payroll taxes for local and state governments following the creation of hundreds of new jobs.
VIAVI is a global leader in network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government, and avionics. The company is also a leader in light management technologies for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications. VIAVI generated $1.3 billion in revenue in fiscal year 2022 and has more than 3,600 employees in 50 locations throughout North, Central and South America, Europe, Africa, the Middle East, and Asia Pacific/Japan/China.
"VIAVI is a global company in every sense of the word," commented CEO Oleg Khaykin. "That means setting up in key locations around the world is critical to our success, and we're always sure to contribute to the communities in which we operate. Establishing a major hub in Chandler, Arizona, will not only expand our involvement in the local optics ecosystem but ramp up our U.S. manufacturing capabilities considerably."
"Advanced manufacturing is in Chandler's DNA and we are thrilled to welcome the latest addition with VIAVI," stated Chandler Mayor Kevin Hartke. "It has been a pleasure working with the VIAVI team as they have built out their new manufacturing facility and relocated their headquarters to Chandler. VIAVI and Chandler are a perfect match and we wish them many years of success in our community."
|
|
ICYMI: Brightside accelerates plans to help employers provide financial care to employees with $33M in Series B funding |
|
Brightside, the leading financial care platform for employers, recently announced it has raised $33 million in Series B funding. Bringing the company’s total funding to over $75 million, this investment will support Brightside’s continued rapid growth and platform enhancements, including additional AI-driven capabilities.
Brightside is on a mission to help employers improve the financial health of their workforce, thereby improving employee productivity and wellbeing and supporting businesses’ short and long-term growth. The company's platform provides a single destination for employees and their families to address any personal finance need with unbiased, individualized, hands-on support. Currently supporting over 300,000 families, Brightside serves leading Fortune 500 employers with frontline workers in industries such as manufacturing, distribution, and healthcare.
Brightside grew its 2021 revenues by approximately 800% last year and is on track to grow nearly 10x in 2022. In addition, the company’s headcount has grown over 150% this year to more than 175 team members. With plans to hire 200 more employees in the coming year, Brightside is focused on expanding its footprint in Chandler, where it is hiring in areas such as engineering, software development, IT operations, and client services.
“We are excited to see Brightside experience success and be recognized as an innovator in the fintech industry, as evidenced by this new round of financing,” said Kevin Hartke, mayor of Chandler. “We appreciate Brightside’s trust in Chandler as the right location for its continued growth and investment.”
|
|
Bestway USA holds ribbon cutting event for U.S. headquarters facility in Chandler |
|
Bestway USA held a ribbon cutting ceremony on Nov. 18 to celebrate the one-year anniversary of its new U.S. headquarters facility in Chandler. The company-owned, 129,000-square-foot facility is located at the southeast corner of McQueen and Queen Creek roads and includes a showroom for its inflatable and outdoor leisure products (e.g., above-ground pools, air mattresses, camping equipment, and water sports equipment) along with office and warehouse space.
Bestway currently has 95 full-time employees in Chandler with plans to grow to approximately 150 employees within three years.
|
|
|
|
|
|
|
