Economy Archives

E-cigarette tax could generate $6M a year for Arizona

vaping

The Arizona Legislature’s budget analysts say a tax on electronic cigarettes could bring $6 million a year in new revenue into the state’s coffers. The analysis released by the Joint Legislative Budget Committee bases that figure on taxing the nicotine vapor smokes at the same ratio as the current $2 per pack tax on regular… Read More →

Phoenix Chamber seeks nominees for IMPACT Awards

Staying Innovative as a One Man Operation

The Greater Phoenix Chamber of Commerce (GPCC) seeks nominations for its 2015 IMPACT Awards, which honor the accomplishments of outstanding Valley businesses and the positive impact they’ve made on the Greater Phoenix business community. Nominations — which can come from anyone in the community — are open from now until January 9, 2015, and can… Read More →

Arizonans spend more on Cyber Monday than Black Friday

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Arizonans plan to spend more money shopping electronically on Cyber Monday ($556) than hitting the malls and super-stores on Black Friday, where they plan to spend $433, according to the BMO Harris Bank Holiday Report. The survey examined the buying intentions of consumers ahead of Black Friday – the day after Thanksgiving; and Cyber Monday,… Read More →

Phoenix Housing Market in Low Gear Until Next Year

housing

The Phoenix-area housing market is unlikely to see a significant boost until next year. That’s according to the latest monthly report from the W. P. Carey School of Business at Arizona State University. Here are the highlights of the new report on Maricopa and Pinal counties, as of September: • The median single-family-home sales price… Read More →

Arizona drops from Top 10 for job growth

phoenix

We’re still slowly recovering from the staggering loss of jobs during the Great Recession, but some cities and states are rebounding faster than others. The job-growth numbers for the first three quarters of 2014 are now out. Research Professor Lee McPheters of the W. P. Carey School of Business at Arizona State University provides rankings… Read More →

Arizona economy rising, report shows

phoenix

Phoenix and the broader Arizona economy are expanding again after an extremely difficult recession, although growth will be more modest than the boom times of a decade ago, according to a report released today by BMO Economics. The labor market is a bright spot, with the city remaining consistent in its job growth performance.  “The… Read More →

Could Looser Lending Standards Boost Phoenix Market?

housing.prices

Will banks start to drop their standards and let people with slightly lower credit scores and much lower down payments buy homes? That’s the big question, after the Federal Deposit Insurance Corporation (FDIC) and other agencies voted to approve new, looser lending rules this week. A well-known expert from the W. P. Carey School of… Read More →

4 big ideas shaking up Arizona-Mexico trade

Trucks CrossingBorderat Nogales

While all of us have no doubt been busy getting enlightened by the endless stream of political TV ads, there have been lots of exciting things happening to grow Arizona’s cross-border trade profile with our neighbor Mexico. Matchmaker, matchmaker, make me a match Dennis Smith and the team at the Maricopa Association of Governments deserve… Read More →

5 Things To Remember When Asking for a Raise

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A Wells Fargo employee emailed the company’s CEO asking for a $10,000 raise and cc’d 200,000 other employees. Then there’s Microsoft CEO Satya Nadella who said that women who don’t ask for raises will receive good karma.  So what is the correct way to ask for a raise? Jacqueline Whitmore is an internationally recognized etiquette… Read More →

Independent shops create Coffee Culture in Phoenix

latte

It doesn’t take an investigative panel to notice the smattering of new coffee shops in Phoenix. In the past few years, vacant lots and empty buildings have transformed into Cartel Coffee Lab, Songbird Tea and Coffeehouse, JoBot Coffee and Nami. The culture of local shops have more to offer to Phoenix than a just a… Read More →

Arizona Opens Mexico City Trade Office

Trucks CrossingBorderat Nogales

The State of Arizona today announced the strategic expansion of its presence and investment in Mexico with the launch of the Arizona State Trade and Investment Office. The grand opening of the Arizona office located in Mexico City was the culminating event of an Arizona-led trade mission conducted this week to strengthen the state’s relationship… Read More →

Phoenix MBDA Hosts Global Business Conference

Avnet - Fortune Global 500

The Phoenix Minority Business Development Agency (MBDA) Business Center, in partnership with the Thunderbird School of Global Management, is hosting Phoenix MBDA’s 2nd Annual Global Business Conference and the concurrent Global Business to Business Trade Expo on Thursday, October 23 and Friday, October 24 at the Sheraton Phoenix Downtown Hotel. The expo will focus on… Read More →

Expert expects mega events to boost meetings industry

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When Cristin Barr, CMP, went to college, she was more interested in investor relations than guest relations. “At The University of Texas I studied Investor Relations, which took me to New York City for my first professional job,” said the current president of the Arizona Sunbelt Chapter of Meeting Professionals International (AzMPI). “For the past… Read More →

ASU helps honor ‘Most Accurate Economist’

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

While many Americans were still pinching every penny and praying for a faster recovery from the Great Recession, John Lonski, chief capital markets economist of Moody’s Analytics, understood what our country really faced in its uphill battle toward an economic comeback. He had the most accurate U.S. forecast among the nation’s top economists for the… Read More →