Economic Development E-Newsletter | July 2, 2025

Connect with us
on social media!
Twitter  Linkedin  Facebook  Youtube  

Caribou Financial expands operations in Arizona with 10,000 SF office lease in Chandler

Caribou Financial, a company specializing in auto-loan refinancing, is expanding into Arizona with a new office in Chandler. The company has signed a lease for nearly 10,000 square feet in The Alexander building at 25 S. Arizona Place.

 

"The Phoenix metro area is one of the fastest-growing regions in the country," said Robbie Boddy, Senior Vice President of Sales and Operations. "Our new office in Downtown Chandler will help us tap into local talent to continue growing a team to serve customers across the country.”


Headquartered in Colorado, Caribou Financial has been built by leaders in the technology, automotive and finance industries. The company's expansion into Chandler is a strategic investment to further its operational growth. 


“We are thrilled to welcome Caribou Financial to Chandler,” said Chandler Mayor Kevin Hartke. “Their expansion into our community highlights Chandler's appeal to financial services firms looking for a pro-business environment, strong workforce, and Class A office space surrounded by great amenities.”


Full news release


City partners with ASU for long-term economic vitality study

The City of Chandler is partnering with Arizona State University (ASU) to take a deep dive into the city’s economic future. The City Council recently approved an agreement with ASU’s Seidman Research Institute, the consultancy arm of the W.P. Carey School of Business, to produce a 20-year economic vitality report. Several critical topics will be explored with recommended actions to help guide city policy direction.


Funding for the report will be provided by a grant awarded by the Chandler Industrial Development Authority (CIDA). The grant will also provide funding for student participation from ASU’s Thunderbird School of Global Management. No city funds will be used.


“We’re proactively looking ahead to what Chandler will need not just in the immediate future, but over the next two decades to ensure we have a smart plan in place to remain competitive and vibrant,” said Chandler Economic Development Director Micah Miranda. “We’re excited to work with ASU and tap into their expertise and local insight. This report will help shape real decisions about our economic future.”


ASU will begin work on the project this summer. Over the next several months, they’ll conduct research, collect data and engage community stakeholders, from business leaders to residents, to gather a wide range of perspectives. The final report is expected in early 2026.


Full news release


City and ASU reaffirm partnership for Chandler Endeavor business incubation program

Chandler Endeavor is a business incubator program sponsored by the city and managed by community entrepreneurship leaders from ASU's J. Orin Edson Entrepreneurship + Innovation Institute. The Chandler City Council recently approved an agreement with ASU to continue providing this valuable program for our community.


Through the Chandler Endeavor program, entrepreneurs and innovators have access to the following free services and resources:


  • Customized strategy development support from ASU's team of experts
  • Cohort tracks for companies at a similar stage of development
  • Monthly events: Topic-driven forums, Pitch In, Coffee + Connections
  • Venture Challenge pitch competitions / funding opportunities
  • Access to a mentor network
  • Co-working space
  • Prototyping space and equipment
  • Conference rooms
  • Dedicated office space for highly engaged ventures


Interested entrepreneurs are encouraged to stop by the ASU Chandler Innovation Center (ACIC), located at 249 E. Chicago Street in downtown Chandler, to meet the Chandler Endeavor team and explore opportunities to connect.


Learn more

Helpful links for entrepreneurs interested in accessing the free resources at ACIC


Chandler Endeavor overview

Chandler Endeavor sign-up form

Sign up for the coworking space

Chandler Endeavor Welcome Video

U of A Center for Semiconductor Manufacturing and CUSD partnered for second annual Chips and Wafers summer camp

The University of Arizona (U of A) Center for Semiconductor Manufacturing once again partnered with Chandler Unified School District (CUSD) to host the second Chips and Wafers camp for rising ninth and 10th grade students. Part of CUSD's Career and Technical Education programming, the camp introduces students to the wide array of career opportunities across the semiconductor industry.


During the week-long camp held June 9-13, campers engaged with U of A experts in the semiconductor field, participated in hand-on activities, and toured company facilities in Chandler, including NXP Semiconductors, Intel Corporation, and Cirrus Logic. Another semiconductor company in Chandler, Arm, was the 2025 camp sponsor and provided robotics kits and Raspberry Pi computing modules for students' camp projects.


Full news release

Helpful Links
In Case You Missed It

AZ Big Media: HonorHealth signs on at $24M medical office conversion in Chandler


Phoenix Business Journal: Chandler manufacturer's quick-dry nail system sparks multimillion-dollar beauty empire


Integrated Biometrics expands its research facility in Chandler


The Mahoney Group to move to new, state-of-the-art office in Chandler