Economy Archives

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 →

Sprouts moving HQ to North Phoenix

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Sprouts Farmers Market, Inc. (Nasdaq:SFM), one of the fastest growing retailers in the country, today announced it will be moving to a new corporate office to accommodate the company’s growth. The new headquarters at The Offices on High Street (formerly known as CityNorth) will be located at 5455 E. High Street in Phoenix. The company’s… Read More →

Arizona Office of Tourism Partners With Buxton

Grand Canyon Adventures - EAZ Fall-Winter 2012

The Arizona Office of Tourism (AOT) is partnering with Fort Worth-based Buxton to develop in-depth profiles of Arizona visitors, at both the state and regional levels. Buxton’s visitor profiling capabilities will help AOT leaders to: * increase marketing campaign return on investment, * better understand visitor potential, * expand the impact of tourism on local… Read More →

DOI decision keeps Glendale casino plan alive

New Construction on Vee Quiva Casino

The Tohono O’odham Nation says the U.S. Department of the Interior has reaffirmed its decision that the tribe’s property lies within unincorporated Maricopa County. Tribal officials say that’s a key requirement for taking the land into trust. They still hope to build a massive resort and casino on the edge of Glendale and have been… Read More →

Phoenix eyes Mexico City Trade Office

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The Phoenix City Council on Tuesday unanimously voted to move forward with plans to partner with the Arizona Commerce Authority to open an Arizona Trade Office in Mexico City. “Phoenix is taking the right steps to become a global city, and we’re ready to open our first trade office in Mexico City,” said Mayor Greg… Read More →

Freeport-McMoRan Completes Acquisition in Gulf of Mexico

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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has completed the previously announced acquisition of certain part of Apache Corporation’s (Apache) (NYSE, Nasdaq: APA) interests in the Deepwater Gulf of Mexico (GOM). Following the exercise of preferential purchase rights by other working interest… Read More →

Mobile Mini Completes 3 Acquisitions

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Mobile Mini, Inc. (Nasdaq GS:MINI) announced it has completed the purchase of the assets and operations of two portable storage businesses with operations in Connecticut, Memphis, Tennessee and Dallas, Texas. Financial terms of the transactions were not disclosed. “We continue to execute on our strategy of making acquisitions in growth markets where we can acquire… Read More →

Each Class of Dropouts costs Arizona $7.6B

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The more than 18,000 Arizona students who dropped out of high school this year will produce $7.6 billion less economic activity over their lifetimes than if those same students had graduated, according to a new report by the Arizona Mayors Education Roundtable. Cutting the dropout rate in half would generate $3.8 billion more in economic… Read More →

Limelight turns down $644 million buyout offer

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Tempe-based Limelight Networks, a global leader in digital content delivery, today announced that it has received an unsolicited offer to purchase the company from an entity that management believes is a non-credible source. Under the proposal, first reported by media outlets, then confirmed via phone and follow up email, on June 13, Tuition Build Inc.… Read More →