$1B semiconductor spin-off landing headquarters in Tempe

Allentown, Pennsylvania-based Air Products is spinning off its electronic materials division into a company called Versum Materials. Versum will be based in Tempe. PHOENIX BUSINESS JOURNAL

Scottsdale OKs plan for $175 million waterfront hotel, condo project Plans to build a five-story luxury hotel and residential complex along the Arizona Canal in downtown Scottsdale cleared the City Council on June 21, and construction of the $175 million project could start early next year, according to the developer. AZ CENTRAL

Arizona’s Economy Poised For Continued Growth

Arizona is garnering national attention for job gains. While there’s always more work to be done, earlier this year, Arizona finally gained back all of the jobs lost during the Great Recession. ARIZONA GOVERNOR

Arizona businesses treading a new trade path to Asia

Expanding into global trade is a strategic move necessary for companies to grow — and it’s not just widgets that make for good global trade with Asia. PHOENIX BUSINESS JOURNALS