Economy Archives

45% of Arizona’s workers cannot earn a paid sick day

123rf.com: Kirill Ryzhov

A new fact sheet on Arizona’s workforce compiled by the National Partnership for Women & Families explores the impact of more than 934,000 workers in the state not being able to earn a single paid sick day. It focuses on the individuals and industries most affected by the lack of paid sick days, including children, restaurant workers… Read More →

Ranking Arizona voting for 2016 ends tomorrow

Photo and froth art by Teaspressa

Everybody wants to be the best. In business, being the best can boost a company’s bottom line. Ranking Arizona lets Arizona companies prove they’re among the 10 best in their industries. Ranking Arizona: The Best of Arizona Business, which is published annually by AZ Big Media, is the result of largest business opinion poll taken in… Read More →

Vistancia records highest new home sales since 2008

Family on Trail at Vistancia

Mirroring a national real estate trend, Vistancia has experienced the highest first two quarters in new home sales activity since 2008, achieving 271 net sales at mid-year among the master plan’s three actively selling communities – The Village at Vistancia, a family-friendly multi-generation community; Blackstone at Vistancia, a gated luxury golf course community featuring the… Read More →

Affluent Arizonans will spend $13K on vacations this year

123rf.com: serezniy

BMO Private Bank, a part of BMO Financial Group, released the results of a study today profiling the vacations of high-net-worth Arizonans. The study is part of BMO Private Bank’s Changing Face of Wealth series, examining trends among affluent Americans (those with more than $1 million in investible assets). According to the study, Arizona’s affluent… Read More →

FirstBank increases Arizona deposits by more than 32%

Arizona Green Jobs Increase

FirstBank Holding Company, with 16 banking locations throughout Arizona, has announced its 2015 second quarter financial results for its Phoenix, East and West Valley markets. As of June 30, the FirstBank branches in Arizona increased deposits by 32.8 percent from $228.4 million in 2014 to $303.4 million in 2015. The bank also saw significant growth… Read More →

GPEC attracted 6,200 jobs during last fiscal year

lawyers

The Greater Phoenix Economic Council (GPEC) saw another record-breaking year for the Greater Phoenix region as GPEC worked with its 22 member communities with the location and expansion of 32 companies over the course of the fiscal year ending June 30th.    Those companies will add more than 6,200 jobs across Greater Phoenix during the… Read More →

Report: Arizona receives a C for manufacturing

manufacturing

Arizona has received a C grade for its manufacturing industry and D in logistics, says new report from Ball State University. The 2015 Manufacturing and Logistics Report, prepared by Ball State’s Center for Business and Economic Research (CBER) for Conexus Indiana, the state’s advanced manufacturing initiative, shows how each state ranks among its peers in… Read More →

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 →