Economy Archives

GPEC predicts $32B economic output from SkySong

SkySong

SkySong, The ASU Scottsdale Innovation Center is projected to generate more than $32 billion in economic output and more than 10,000 new jobs across the Valley over the next 30 years, according to new analysis performed by the Greater Phoenix Economic Council. The analysis examines the impact of 11 SkySong buildings and a restaurant/retail component… Read More →

STEM professionals needed to fill teaching vacancies

Krauss Honored For Science

Rio Salado College is looking for STEM professionals to re-career as teachers to help Arizona schools meet major shortfalls. “The need for teachers in Arizona is greater than ever,” said Kim Tobey, Rio Salado’s Director of Community Partnerships and Programs. “Arizona has a particular need for science, math, special education and kindergarten teachers, especially in… Read More →

State’s economic growth slowed in 2015, as mining, copper took a hit

Arizona is the largest producer of copper in the U.S. and the drop in demand, and prices, for the metal is being felt in the state, where mining jobs are down in recent years.

Arizona’s economy grew in 2015, but at a much slower rate than it did in 2014, according to the latest report from the Bureau of Economic Analysis. The report said the state’s gross domestic product grew 0.9 percent to reach $294.2 billion in 2015, but that was half the 1.8 percent rate of growth the state… Read More →

Flake: Building ‘fortress America’ won’t help economic growth

Economic growth

America cannot grow economically if it closes the borders to commerce and builds “fortress America,” Sen. Jeff Flake, R-Arizona, said Wednesday at a conference on U.S.-Mexico trade. Flake, the keynote speaker at the Woodrow Wilson Center Mexico Institute’s “Building a Competitive U.S.-Mexico Border” conference, said the strong trade partnership between the U.S. and its southern… Read More →

Arizona ranks as 2nd worst state for Millennials

Phoenix

Based on Moneyrates’ analysis, North Dakota found itself topping of this year’s ranking of the best state for millennials, with Washington claiming the title of worst state. Besides having the lowest unemployment rate for the 20 – 24 age group, North Dakota earned a perfect score for access to high-speed broadband, and was in the… Read More →

ASBA helps take small businesses global

internet

The Arizona Small Business Association (ASBA) next Arizona Speaks event will focus on helping small businesses go global. With 95 percent of the world’s consumers living outside the United States, it is crucial for small business owners to become knowledgeable about exportation and the great advantage it can have for their business. “We already know that companies… Read More →

Copa America brings Fútbol to Westgate

Fútbol

Fans pour in to fill up the University of Phoenix Stadium. The national anthem begins to play, a whistle blows and the football game begins.  But this isn’t the typical football game an Arizona Cardinals fan maybe familiar with, its the Copa America soccer match between Ecuador and Peru. This years’ tournament marks the tournament’s 100-year… Read More →

New York-based Oscar Health expands into Tempe

The Circuit

Oscar, a New York-based health insurance company, is expanding its Oscar Concierge team into Tempe at The Circuit, an adaptive re-use development near the Loop 101 and Loop 202 freeways. Oscar is a new kind of health insurance company designed to put people first. Through a high-tech, data-driven approach, easy-to-understand language and a unique set… Read More →

Tucson poised for major growth, economists predict

Photo: neilld / 123RF Stock Photo

Tucson’s economy is poised for significant growth over the next two years. That was a key message during Wednesday’s University of Arizona Eller College of Management 2016 Breakfast with the Economists event at the Westin La Paloma Resort in Tucson. More than 400 people attended the event to hear presenters George W. Hammond, Ph.D., director and research… Read More →

Factors to consider as companies look to grow globally

Self-Service Technologies, Technology

Going global. It’s a phase uttered often in the business world. But how do business leaders know when it’s time to take a company global? “Regardless of size, Arizona businesses should take a serious look at expanding into the global marketplace,” says Tony Braida, vice president of global banking for Bankers Trust. “With more than… Read More →

Ducey signs tax bill affecting business incentives

Ducey

Arizona Governor Doug Ducey has signed into law legislation to improve one of Arizona’s main tax incentives administered by the Arizona Commerce Authority. House Bill 2666, sponsored by Representative Karen Fann, includes amendments and reorganizations that affect Arizona’s business incentives. Highlights of the bill include: Office of Economic Opportunity: Establishes the Governor’s Office of Economic… Read More →

Surplus Asset Management expands to Canada, Mexico

Surplus Asset Management
by in AZ Business Magazine | Economy

Surplus Asset Management (SAM Auctions), an auction and liquidation sales firm, is expanding into Mexico and Canada, which will allow it to serve grocery, restaurant, retail and big box industries across North America. Phoenix-based Surplus Asset Management International, LLC is now licensed to serve the Canadian market. Opening an office and establishing business presence will help the firm serve… Read More →

Here are the 2016 IMPACT Businesses of the Year

IMPACT Businesses of the Year

The Greater Phoenix Chamber of Commerce (GPCC) recognized eight outstanding Valley businesses at the 29th annual IMPACT Awards on Wednesday. Danzeisen Dairy and Cox Communications earned accolades as the 2016 IMPACT Businesses of the Year. The luncheon celebrated the remarkable contributions these companies and their employees make to the Greater Phoenix community. The IMPACTful Nonprofit Award… Read More →

Avnet, ASU launch innovation lab to spark growth

innovative lab

Phoenix-based Avnet, Inc. (NYSE:AVT), a leading global technology distributor, partnered with Arizona State University (ASU) and its Ira A. Fulton Schools of Engineering. The organizations collaborated to create the Avnet Innovation Lab, which is designed to spur economic growth in the technology sector and enable aspiring entrepreneurs to advance their innovations. The lab will provide critical business consultation and venture support to entrepreneurs… Read More →