Economy Archives

Banner Health finalizes Payson Regional merger

healthcare

Banner Health announced that the merger of Mogollon Health Alliance (MHA) into Banner has been consummated and a definitive agreement has been signed with Payson Hospital Corporation.  Banner will assume operation of the 44-bed Payson Regional Medical Center on August 1, 2015. No interruptions in services are anticipated during this transition. “We were anxious to… Read More →

Super Bowl pumps $719 million into Arizona’s economy

srp-SuperBowl2015-022

Super Bowl XLIX scored big for Arizona’s economy. A study completed by the Seidman Research Institute, W.P. Carey School of Business at Arizona State University, determined that Super Bowl XLIX, the 2015 Pro Bowl and related events produced a gross economic impact of $719.4 million in the region. The announcement was made today at The… Read More →

Arizona trade mission builds confidence with Mexico

Trucks CrossingBorderat Nogales

President and CEO of the Greater Phoenix Economic Council (GPEC), Chris Camacho, joined Governor Doug Ducey in Mexico City for an important trade mission last week, with more than 40 business, university and government leaders – including GPEC board members Sharon Harper of The Plaza Companies, David Rousseau of SRP and University of Arizona President… Read More →

Enterprise Bank to inject capital into Arizona projects

123rf.com: qvist

Enterprise Financial CDE, LLC, the community development entity of Enterprise Financial Services Corp (NASDAQ: EFSC), has been selected by the CDFI Fund of the U.S. Department of Treasury to receive a $65 million allocation of New Markets Tax Credits (NMTC). In Phoenix, Enterprise Bank & Trust is actively seeking investment opportunities for a portion of… Read More →

Inpro Corporation expands manufacturing to Mesa

fire

 Inpro CorporationTM recently acquired Fireline 520TM, LLC, one of the nation’s premier designers and manufacturers of fire barriers for expansion joints, to broaden their life-safety offerings, within Inpro’s JointMaster Division. Now, in addition to the Fireline 520 facility in Buffalo, New York, they are manufacturing Fireline 520 products out of their Mesa, Arizona facility, underscoring… Read More →

Tech-friendly scene makes Arizona a data center hot spot

IO President Anthony Wanger.

Phoenix has its head in the clouds. Digital information—everything from financial and medical accounts to media entertainment and social networks—is now being stored in about 60 high-tech data centers throughout the Phoenix metro area, adding to the state’s growing reputation in the technology industry. Renewable energy, geo-stability and tech-friendly legislation are a few of the… Read More →

Mt. Baker Vapor relocates to Mesa

vaping

Mt. Baker Vapor has officially announced their plans to relocate their operations from Bellingham, Wash. to Mesa after the introduction of legislation seeking taxation on the sale of their products, ultimately impacting Mt. Baker Vapor’s operations. Founded in March 2011, Mt. Baker Vapor has grown rapidly alongside the burgeoning vaping movement. They have the distinction… Read More →

16 Arizona companies make Fortune 1000 list

economic development - 8 honored

Sixteen Arizona-based companies earned spots on the Fortune 1000 list, a reference list of the 1,000 largest American companies, ranked on revenues alone. The 16 Arizona companies on the Fortune 1,000: No. 108 Avnet, Phoenix No. 137 Freeport-McMoRan, Phoenix No. 323 Republic Services, Phoenix No. 386 PetSmart, Phoenix No. 493 Insight Enterprises, Tempe No. 502 Northern Tier Energy,… Read More →

St. Luke’s $125,000 grant boosts living wage initiative

Money Tree, WEB

The Arizona Community Action Association (ACAA) will use a $125,000 St. Luke’s Health Initiative (SLHI) innovation grant to design and implement Raise Arizona, a statewide living wage initiative to identify, recruit, certify and recognize employers that pay a living wage. In total, SLHI awarded grants totaling $475,000 to ACAA, City of Phoenix-FitPHX, Cultivate South Phoenix… Read More →

Tucson economy expected to outpace U.S. by 2017

money pile

Tucson’s economic growth is expected to outpace the national economy by 2017. That was a key message during today’s University of Arizona Eller College of Management 2015 Mid-Year Economic Update Breakfast at the Westin La Paloma Resort in Tucson. More than 330 people attended the event to hear presenters George W. Hammond, Ph.D., director and… Read More →

$188.9M winning Powerball ticket sold in Arizona

Cash flow

The Arizona Lottery announces that the $188.9 million Powerball jackpot winning ticket was sold in Glendale for last night’s drawing.  The jackpot has been steadily increasing over a span of 13 draws from April 22, through June 3, 2015. This is the largest Powerball jackpot won in Arizona since the $587.5 million jackpot in 2012,… Read More →

How does digital currency fit into global market?

digital data flow through optical wire

Bitcoin was in the news once again recently when a decision by the New York Stock Exchange gave it new legs as a legitimate company and resource. Specifically, the NYSE created an index meant to take over as the default location where investors can track the value of bitcoin. This development on its own shouldn’t… Read More →

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 →