Economy Archives

Phoenix-area housing market sees uptick

housing.prices

The sluggish Phoenix-area housing market just got a pleasant surprise. New figures show a sudden uptick in buyer demand, with a significant boost in homes under contract since late January. “I do NOT think this has anything to do with the crowds that came in for the recent Super Bowl in Arizona, but that is… Read More →

Enterprise Bank expands mortgage division

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Recognizing the Valley’s continued residential real estate market recovery, Enterprise Bank & Trust has expanded its mortgage products for current and prospective clients interested in home purchase, refinance and other mortgage portfolio services. To lead the expansion in Phoenix, Enterprise Bank & Trust has added seasoned mortgage expertise to its team including Brian Occhipinto, who… Read More →

Take Charge America unveils Home Ready Counseling

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Prospective homebuyers across the country now have access to a new service helping them receive approval for a mortgage. Take Charge America, Inc., a national nonprofit credit counseling and debt management agency headquartered in Phoenix, now offers Home Ready Counseling, a program specifically designed to address the top approval requirements for a home loan. “With… Read More →

Taxpayers could see smaller state tax refunds

taxes

H&R Block, the world’s largest consumer tax services provider, says taxpayers in about one in four states are not able to use certain federal tax breaks to benefit their state returns. Although Congress extended popular expired tax breaks in December, 12 states have not passed legislation recognizing those changes on their state tax return. These… Read More →

Super Bowl generates record revenues for hotels

football

In addition to being the most-watched televised event of all time, Super Bowl XLIX generated unprecedented revenues for metropolitan Phoenix’s hotel industry. According to Smith Travel Research, revenue per available room (RevPAR), a key indicator of hotel performance, spiked at $324.87 for metro Phoenix on Jan. 31, the day before the Super Bowl. That’s the… Read More →

Toby Keith’s hiring more than 100 workers

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Phoenix-based Boomtown Entertainment, the parent company of Toby Keith’s I Love This Bar & Grill, announced a job fair for the near opening of its 15th location at High Street, formerly known as City North. Boomtown Entertainment is scheduled to open at High Street in March and will staff more than 100 positions for its newest Toby Keith’s I… Read More →

Phoenix home prices rose 5 percent in 2014

housing.prices

The final numbers are out for 2014, and the median single-family-home prices in the Phoenix area officially went up 5.4 percent. That’s according to the latest monthly report from the W. P. Carey School of Business at Arizona State University. Here are the highlights of that report on Maricopa and Pinal counties, as of December:… Read More →

BMO: Arizona economy will accelerate in 2015

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

Arizona’s economy should pick up in 2015, with expected GDP growth of 3.5 percent, just ahead of the national average and an improvement from the expected 2.5 percent in 2014, according to the bi-annual U.S. State Monitor Report from BMO Economics. Steady population growth and job growth in the high-tech market will also help lead… Read More →

Apple plans $2B expansion in Arizona, Ducey says

ade statewide data system

Governor Doug Ducey announced Monday that Apple will be expanding in Arizona, with a $2 billion investment in Mesa on a command center for the company’s global networks — representing one of the company’s largest investments in history. Apple said it will invest $2 billion over 10 years to open a data center in the Phoenix… Read More →

UA Arthritis Center gets $6.1M grant

pharmaceuticals

Researchers at  the University of Arizona Arthritis Center at the UA College of Medicine – Tucson are working to identify treatments to slow the progression of osteoarthritis (OA), supported by a recent $6.1 million, five-year grant from the National Institute of Arthritis and Musculoskeletal and Skin Diseases of the National Institutes of Health. The most common cause… Read More →

ACG will honor Arizona ‘Deal of the Year’

123RF.com, Copyright: valeriylebedev

The significant business (M&A) transactions that occurred in Arizona in 2014 are about to receive the recognition they deserve.It’s the “Deal of the Year,” an award given by the Arizona Chapter of the Association for Corporate Growth (ACG), to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction.  The award… Read More →

Arizona Commerce Authority awards grants to innovators

Staying Innovative as a One Man Operation

The Arizona Commerce Authority (ACA) today announced the six winning companies in its Fall 2014 Arizona Innovation Challenge (AIC). These grant recipients represent innovative Arizona entrepreneurs who are creating technological solutions with the potential for global impact. The Fall 2014 Arizona Innovation Challenge Grant Recipients are: ·       Iris PR Management – Phoenix, AZ (IT –… Read More →

All In hosts 3 days of Super Bowl parties

poker

The poker, fantasy sports and eSports experts at ALL IN Magazine are hosting three unique parties throughout Super Bowl weekend at one of the most elite private estates in Paradise Valley, AZ. The business objective is to solidify ALL IN as a premier brand and to deliver an experience that their fans appreciate. To accomplish… Read More →

AZ Big Media launches elite job board

jobs

To help aid in the surging job market and provide like-minded employers and employees with a direct link to each other, AZ Big Media has launched a free job board. “We wanted to provide the best businesses in Arizona with access to the most elite, business-minded employees in Arizona,” said Mike Atkinson, president and CEO… Read More →