Economy Archives

Factors to consider as companies look to grow globally

Self-Service Technologies, Technology

Going global. It’s a phase uttered often in the business world. But how do business leaders know when it’s time to take a company global? “Regardless of size, Arizona businesses should take a serious look at expanding into the global marketplace,” says Tony Braida, vice president of global banking for Bankers Trust. “With more than… Read More →

Ducey signs tax bill affecting business incentives

Ducey

Arizona Governor Doug Ducey has signed into law legislation to improve one of Arizona’s main tax incentives administered by the Arizona Commerce Authority. House Bill 2666, sponsored by Representative Karen Fann, includes amendments and reorganizations that affect Arizona’s business incentives. Highlights of the bill include: Office of Economic Opportunity: Establishes the Governor’s Office of Economic… Read More →

Surplus Asset Management expands to Canada, Mexico

Surplus Asset Management
by in AZ Business Magazine | Economy

Surplus Asset Management (SAM Auctions), an auction and liquidation sales firm, is expanding into Mexico and Canada, which will allow it to serve grocery, restaurant, retail and big box industries across North America. Phoenix-based Surplus Asset Management International, LLC is now licensed to serve the Canadian market. Opening an office and establishing business presence will help the firm serve… Read More →

Here are the 2016 IMPACT Businesses of the Year

IMPACT Businesses of the Year

The Greater Phoenix Chamber of Commerce (GPCC) recognized eight outstanding Valley businesses at the 29th annual IMPACT Awards on Wednesday. Danzeisen Dairy and Cox Communications earned accolades as the 2016 IMPACT Businesses of the Year. The luncheon celebrated the remarkable contributions these companies and their employees make to the Greater Phoenix community. The IMPACTful Nonprofit Award… Read More →

Avnet, ASU launch innovation lab to spark growth

innovative lab

Phoenix-based Avnet, Inc. (NYSE:AVT), a leading global technology distributor, partnered with Arizona State University (ASU) and its Ira A. Fulton Schools of Engineering. The organizations collaborated to create the Avnet Innovation Lab, which is designed to spur economic growth in the technology sector and enable aspiring entrepreneurs to advance their innovations. The lab will provide critical business consultation and venture support to entrepreneurs… Read More →

Biopharmaceutical sector supports 4.5 million jobs

bioscience

The biopharmaceutical industry supported nearly 854,000 direct jobs and another 3.5 million jobs and more than $1.2 trillion in economic output in the United States in 2014, according to new research prepared for the Pharmaceutical Research and Manufacturers of America (PhRMA) by TEConomy Partners, LLC. The report, which analyzed state and national data across the… Read More →

Phoenix earns presidential award for export success

Presidential Award

U.S. Secretary of Commerce Penny Pritzker Monday presented Mayor Greg Stanton and the City of Phoenix with the President’s “E” Award for Export Service at a ceremony in Washington, D.C. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. Phoenix is only… Read More →

Finalists named for ‘Deal of the Year’ award

167585360

Three finalists have been announced for the award recognizing the most significant mergers and acquisitions transactions that took place in Arizona in calendar year 2015. The “Deal of the Year” is 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… Read More →

Could downtown Phoenix survive without D-backs?

The Arizona Diamondbacks have called Chase Field home since 1998. (Photo By Blake Benard/Cronkite News)

Call it the Arizona Diamondbacks effect. Eighteen years ago the major league baseball team moves into new stadium digs, known as cutting edge for its retractable roof and acknowledged as an economic magnet for the businesses built on blocks surrounding the facility in downtown Phoenix. The team, whose downtown neighbors include the Phoenix Suns pro… Read More →

Arizona regulations, taxes boost economic outlook

Economic Development , 8 honored

Lower taxes, fewer regulations and right-to-work laws helped push Arizona toward the top of a report this week ranking states on their economic outlook. The annual “Rich States, Poor States” study, released Tuesday by the conservative American Legislative Exchange Council, put Arizona in fifth place for the second year in a row in its report… Read More →

College Football Playoff has $273.6M economic impact

football

The 2016 College Football Playoff (CFP) National Championship generated $273.6 million in economic impact, highest among Arizona’s eight college football title games, according to a study by the L. William Seidman Research Institute at Arizona State University’s W.P. Carey School of Business. An estimated 65,401 visitors came to Arizona for the 2016 College Football Playoff… Read More →

Author of Phoenix ‘brain drain’ revises numbers

Bennett Dwosh, a recent Arizona State University graduate, said being at the bottom of a list of cities to work after graduation would cause concern. (Photo courtesy of Bennett Dwosh)

A study analyzing which metropolitan areas retain their university graduates the most has come under fire after the Phoenix metro area landed in the basement of the rankings. Officials with the Maricopa Association of Governments and the Arizona Commerce Authority fought back, and the study’s author has revised the numbers. Jonathan Rothwell, a fellow at… Read More →

Phoenix start-up GiftCard Zen acquired for $22M

debit

RetailMeNot, Inc., a leading digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store, announced that it has acquired GiftCard Zen Inc, a secondary marketplace for gift cards.  The company also provided preliminary financial results for the first quarter ended March 31, 2016 and updated financial guidance for the calendar year… Read More →

Tempe-­based Ncounter plans expansion

Ncounter

Founders and former Kahala Corp. executives Kevin and Kathryn Blackwell are bringing their proven restaurant expansion experience to Arizona as their new venture, Pacific Restaurant Partners, acquired the Ncounter concept with plans to add new locations. CKS Securities served as the exclusive financial advisor to Ncounter. Since 2012, Ncounter has been an instant favorite among the… Read More →