Economy Archives

Trade through Nogales could exceed $35 billion in 2014

Trucks CrossingBorderat Nogales

The Nogales Port Authority Board has seen a substantial increase in truck traffic and the overall value of trade through the Mariposa Port of Entry since 2010. The dollars of trade goods transported through the Mariposa Port of Entry, estimated at $20-$25 billion in 2011 , and is now estimated at $30-35 billion in 2014,… Read More →

Is Phoenix-based PetSmart for sale?

doggies, web

Bowing to pressure from investors, Phoenix-based PetSmart Inc. said Tuesday that it is considering putting itself up for sale. The pet supply chain said that it will weigh “strategic alternatives” after a board review that included conversations with shareholders. Investment firm Longview Asset Management and hedge fund Jana Partners have both called on PetSmart to… Read More →

Phoenix Makes Case to Host Democratic Convention in ’16

Downtown Phoenix, Photo: Flickr, squeaks2569

City and government officials in Phoenix are currently preparing for a visit Sept. 9-11 from the Democratic National Committee. Phoenix joins four other cities – New York City; Philadelphia; Columbus, Ohio; and Birmingham, Ala. – as finalists to host the 2016 Democratic National Convention. The committee of Democratic officials to visit Phoenix makes up the… Read More →

Glendale OKs casino near Westgate

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After months of diligent negotiation, the Tohono O’odham Nation and the City of Glendale have finalized an agreement ensuring that the West Valley Resort project provides significant mutual benefits to both communities for years to come. In taking this step, the City of Glendale confirms its full support of the Nation’s project, which will include… Read More →

NLRB puts thousands of small businesses, franchises at risk

Restaurant Industry

Need convincing that the National Labor Relations Board is an agency in desperate need of a management change? The NLRB, which ostensibly is charged with protecting workers’ rights and remedying unfair labor practices, has morphed into an arm of organized labor. Consider the board’s hit parade of the last few years: There was the case… Read More →

Arizona consumer spending remains weak

shopping

A new government report shows Arizona had the second-weakest growth in consumer spending since the recession ended Spending increased 6.2 percent in Arizona from 2009 through 2012, the latest year for which figures are available. The only state with lower growth was Nevada, where spending eked out a scant 3.5 percent increase. Home values plummeted… Read More →

Glendale votes Tuesday on casino plan

New Construction on Vee Quiva Casino

The Glendale City Council will consider an agreement next week with the Tohono O’odham Nation over its plan to build a casino resort near the city’s sports and entertainment district. City officials posted a draft agreement of the deal Wednesday. The council is scheduled to vote on the project Tuesday night. The southern Arizona tribe… Read More →

Arizona Super Bowl Countdown Clock Unveiled

Unveiling the countdown clock are Phoenix Councilwoman Laura Pastor, CEO of the Arizona Super Bowl Host Committee Jay Parry, Phoenix Councilwoman Kate Gallego, Phoenix Councilman Bill Gates, Phoenix Mayor Greg Stanton and Chairman of the Arizona Super Bowl Host Committee, David Rousseau.

With 179 days and counting until Super Bowl XLIX, the Arizona Super Bowl Host Committee and Phoenix Mayor Greg Stanton today unveiled a countdown clock at Phoenix Sky Harbor International Airport which will mark the days, hours and minutes until the opening kick-off of the State’s third Super Bowl since 1996. “We’re thrilled to have… Read More →

Increasing tourism shows importance of Arizona’s brand

Hiking Adventures - EAZ Fall-Winter 2012

The latest data on Arizona’s tourism industry says that business is on the upswing, which is good news for a state looking to put the Great Recession in its rearview mirror. According to the Arizona Office of Tourism, the number of people visiting Arizona has surged back to pre-recession levels, providing a much needed injection… Read More →

GPEC position aligned with WTO ruling on tariffs

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A ruling by the World Trade Organization earlier last week affirmed the position the Greater Phoenix Economic Council held in 2012, opposing the countervailing duties placed on Chinese-manufactured solar panels. The ruling by the World Trade Organization (WTO) counters the position taken by the International Trade Commission (ITC) in 2012, which imposed tariffs on Chinese-manufactured… Read More →

Senators Urged to Preserve Future of Indian Gaming in Arizona

Top 5: Arizona Casinos - Experience AZ Fall-Winter 2012

Congress has the power to intervene in a growing national practice and problem of ‘off-reservation gaming,’ or ‘reservation-shopping.’ The topic was at the heart of an oversight hearing before the U.S. Senate Committee on Indian Affairs today, titled, “Indian Gaming: The Next 25 Years,” and included discussion of H.R. 1410—the bi-partisan bill to solve the… Read More →

Phoenix a Top 5 City for Small Business

Vestar Development Investment

Phoenix is one of America’s top five cities for creating small business opportunities and opening doors for entrepreneurs according to the National Federation of Independent Business. The national organization cites “Phoenix’s rebounding economy, favorable climate and entrepreneurial culture” as elements that attract small business owners. NFIB specifically recognized the City Council’s recent steps to improve… Read More →

Glendale supports tribe’s casino plan

Top 5: Arizona Casinos - Experience AZ Fall-Winter 2012

The Glendale City Council has approved a resolution to support the Tohono O’Odham Nation’s proposal to build a casino near the city’s sports and entertainment district. The council voted 4-3 Tuesday to back the plan that the tribe projects will have a $300 million annual economic impact. The Tohono O’Odham has been pushing a proposal… Read More →

Phoenix Housing Shortage Coming?

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The Phoenix area could soon see another shortage of homes for sale, like the one it endured from 2012 to 2013. According to a new report from the W. P. Carey School of Business at Arizona State University, very weak demand is masking the fact that relatively few homes are coming onto the market for… Read More →