Economy Archives

Fulton ‘Legacy’ at $15M before opening

Freeman Farms

While news headlines in August continue to declare sluggish new home sales figures in the Metro Phoenix market, one new Fulton Homes’ community in Gilbert is experiencing just the opposite. As of Aug. 25, the Tempe-based homebuilder has sold 20 homes and has hit $15 million in sales at its Legacy at Freeman Farms community—and… Read More →

Arizona Lottery Scratchers Ticket Offers $2.5 Million Prize

Photo by Cronkite News Service.

The Arizona Lottery announces the launch of its newest Scratchers ticket, $185 Million Cash Explosion. This is the largest $20 Scratchers top prize in Arizona Lottery history. The new ticket launches Sept. 2 and offers players a chance to win one of six $2.5 million top prizes. Winners will have the option of a 30-year… Read More →

WESTMARC Creates United Front To Boost West Valley

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“You can’t just say you ‘support regionalism,’ you have to believe it.” Surprise Mayor Sharon Wolcott is talking about attitude in the West Valley. Thirty minutes earlier in a separate conversation, Goodyear Mayor Georgia Lord made nearly the same comment. “We believe in regionalism and we put it into practice,” she says. “On this side… Read More →

AZ Big Media honors Most Influential Women

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They are the best business minds in Arizona. They are innovators, trailblazers and leaders of men. They are Az Business magazine’s Most Influential Women in Arizona Business for 2014, as selected by the editorial team at Az Business magazine and a panel of industry experts. The Most Influential Women were honored Thursday at a reception… Read More →

How to Protect Your Business Against Fraud

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We hear stories of employees embezzling money from unsuspecting employers, but we never expect it to actually happen. Nathan J. Mueller, an employee in the reinsurance division of financial services giant ING, carried out a scheme, embezzling nearly $8.5 million over a period of four years. Mueller’s story serves as a lesson to employers, alerting… Read More →

Arizona Lottery Breaks Sales Records

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The Arizona Lottery reports a record-breaking $724 million in sales, a 4.5 percent increase over the previous fiscal year, and the highest amount in the Arizona Lottery’s 33-year history. Lottery beneficiaries received more than $175 million in net funding during the year. As a result of revenues for beneficiaries increasing 33 percent over the past… Read More →

GM Officially Opens Information Technology Center

Chandler Innovation Center

General Motors is adding to its roster of Information Technology Innovation Centers with today’s grand opening of a facility in the Phoenix area. The center, which will enable GM to in-source the company’s innovation capabilities and tap into a pool of new and experienced IT talent, joins innovation centers already operating in Warren, Mich., Austin,… Read More →

Inilex Makes Inc. 500|5000 List for 3rd Straight Year

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Inilex®, a leading provider of aftermarket telemetry solutions for vehicles, has been named to the Inc. 500|5000 list for the third straight year. Inilex ranked No. 1056 on the prestigious national list, which recognizes America’s fastest-growing privately held companies. Inilex’s enormous growth makes it one of Arizona’s most prominent companies, as well as one of… Read More →

PetSmart Explores Ways to Maximize Shareholder Value

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PetSmart, Inc., the world’s largest specialty retailer of pet supplies and the foremost authority for pet parents seeking services and solutions for the lifetime needs of their pets, today announced that based on a thorough business review that began last spring, the Board of Directors has determined that it will explore strategic alternatives for the… Read More →

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 →