Economy Archives

Arizona invests $1 billion in college savings

college graduates

The Arizona Family College Savings (529) Program has officially surpassed $1 billion in assets. This major milestone comes just 16 years after the first account was opened in 1999. Today the program comprises more than 75,000 savings accounts intended for the college expenses of future students. The Arizona Family College Savings Plan is a state… Read More →

TREO widens focus, changes its name to Sun Corridor Inc.

technology

Tucson Regional Economic Opportunities, Inc. (TREO) today announces that the organization will expand its footprint across Southern Arizona, changing its name to Sun Corridor Inc. TREO has been providing economic development support for the entire Southern Arizona megaregion for several years, assisting in key expansions of several employers, advocating for military installations, including Ft. Huachuca;… Read More →

Ducey declares this Arizona Travel and Tourism Week

sedona-sunrise

Governor Doug Ducey, along with the Arizona Office of Tourism (AOT), has proclaimed May 2-10, 2015 as Arizona Travel and Tourism Week. The recognition honors Arizona’s tourism industry as a top revenue generator for the state. Arizona Travel and Tourism Week coincides with the U.S. Travel Association’s annual celebration of National Travel and Tourism Week.… Read More →

Experts see a stronger year in Phoenix housing market

homes

The spring weather isn’t the only thing that’s favorable in Arizona. “The biggest overall trend we see in residential real estate is the market trending upward from relief to optimism,” says Matt Widdows, founder of HomeSmart International. “We are continuing to see an uptake in the market across the board. Housing prices are on the… Read More →

Ducey becomes the governor for Millennials

Millennials

Arizona is a great place for millennials. It’s the perfect example of an ideal state for our generation to live, work, and play. We are the generation of start-ups, entrepreneurs and Internet campaigns, with a burning desire to express our innovative ideas. And in November 2014, we solidified Arizona as the ideal breeding ground for… Read More →

Ritz-Carlton Phoenix will close in July; re-branding planned

Ritz_Phoenix_00088_920x518

Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust (REIT), announced that the iconic Ritz-Carlton, located near 24th Street and Camelback Road in Phoenix, will be closed and re-branded. During the second quarter the company completed an agreement to convert The Ritz-Carlton, Phoenix to an independent hotel to be operated by… Read More →

Experts: Central sports commission would boost Arizona

football

The 2015 Super Bowl kicked off an unprecedented run for the Phoenix metro area as the host of mega-sporting events. But if the Valley is going to continue to lure Super Bowls, NCAA championship football games and Final Fours, leaders in the sports community say the current system needs to be improved. “We’re playing with… Read More →

Survey shows Arizonans favor shopping small businesses

shopping

An overwhelming number of Arizona consumers (88 percent) support small businesses in their communities by patronizing these establishments at least once a week, according to the 2015 Cox Consumer Pulse on Small Businesses. In fact, nearly two-thirds (64 percent) of Arizona consumers visit a small business two or more times a week. Cox Business commissioned… Read More →

House, Senate panels forward bills to halt Glendale casino

Casino

WASHINGTON – Bills that would halt construction on a Tohono O’odham casino in Glendale passed committees in both the House and the Senate Wednesday. The Keep the Promise Act of 2015 – introduced by Sen. John McCain, R-Ariz., and Rep. Trent Franks, R-Glendale – would “prohibit gaming activities on certain Indian land in Arizona until… Read More →

Macerich upgrading Arrowhead Towne Center

Arrowhead Towne Center Project Rendering (2)

Macerich today announced details of key updates planned for Arrowhead Towne Center, its dominant West Valley retail property that also will welcome a new, 25,000-square-foot H&M. Up-to-the-moment, technology-focused new amenities are a major focus of the interior and exterior renovation at Arrowhead Towne Center that starts this spring and will be complete by late 2015.… Read More →

Scottsdale’s Airware Labs expands sales into India

105548730

Scottsdale-based Airware Labs Corporation announced 37 Apollo Hospitals and 250 Apollo pharmacy retail outlets across India will now sell Airware Labs’ innovative AIR™ ALLERGY product. Apollo Pharmacy is the largest retail pharmacy chain in India. Apollo Hospitals, based in Chennai, India, encompass over 10,000 beds across the country. A number of Apollo Hospitals have been among the… Read More →

JDA Software ‘writes the book’ on supply chain

Supply

JDA Software Group, Inc., has developed an entertaining, and informative new e-book that offers a unique perspective on today’s most pressing supply chain challenges and opportunities. For a limited time, the digital version of JDA’s “Supply Chain For Dummies®” is available as a free download here. Authored by JDA experts Razat Gaurav, Prashant Bhati and Madhav… Read More →

10 ways Ducey, Legislature helped Arizona businesses

Mayor Elaine Scruggs

Governor Doug Ducey promised an administration that would move at the speed of business. His first legislative session proved true to his word. The session was lightning-quick at 81 days, the fastest since 1968. Together the governor and Legislature passed into law over 300 bills, many of which will significantly enhance Arizona’s business environment, making our… Read More →

Analysis shows costs of wage gap for Arizona women

Green Job Opportunities for Women

An analysis released for Equal Pay Day shows just how much damage the gender-based wage gap is doing to Arizona’s families and economy. Women employed full time in Arizona are paid just 84 cents for every dollar paid to men, amounting to a yearly gap of $7,263. This means that, collectively, Arizona women lose nearly $6 billion… Read More →