Economy Archives

WESTMARC says new data showcases West Valley’s skilled workforce

If the West Valley could speak for itself, it would confidently articulate that in addition to compromising 15 unique communities with more than 50,000 businesses, it also houses a population of 1.5 million people. With equal tenacity, the West Valley would share about “her” ever-growing robust workforce that includes Banner Health, Luke Air Force Base,… Read More →

Record 43 million Arizona visitors equals $58 million per day

A record 43 million overnight visitors came to Arizona last year, and they collectively spent $58 million per day during their stays, according to new research focused on Arizona tourism from the Arizona Office of Tourism. “Over 43 million visitors—which is larger than the population of California—understand all that Arizona has to offer,” said Arizona… Read More →

Study: Arizonans’ deductibles will skyrocket under GOP health plan

In Arizona, 106,189 consumers who get their health insurance through the state’s marketplace would see their deductibles rise by 407 percent under the Republican Senate bill to replace the Affordable Care Act (ACA), according to a study of the GOP health plan released today by Families USA. For the average marketplace consumer in Arizona, that would… Read More →

SerialTek bringing high-wage tech jobs to Peoria

SerialTek, a provider of innovative data storage test tools and solutions since 2007, currently based in San Jose, has signed a lease for office space in Peoria. Within the last year, a few of SerialTek’s engineers mentioned to the owners a desire to live and raise their families in a more affordable metro area such… Read More →

Agriculture climate is tough, but different from 1980s crisis

If history repeats itself, we might ask, “Are we witnessing a farm decline similar to what we saw in the 1980s?” The short answer to that question is no. The current agriculture climate is a challenge, but comparing it to the 1980’s farm crisis would be a mistake. Let’s take a walk back through history… Read More →

As voting nears end, how can Ranking Arizona boost business?

As voting for the 2018 edition of Ranking Arizona heads into its final month (voting closes July 31), business leaders may want to know about the best ways to leverage a Top 10 spot in Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Click here to vote in the 2018 edition of Ranking Arizona.… Read More →

Arizona officials pitch state to foreign investors

President Donald Trump’s occasional tough talk on some international trade deals does not appear to have scared off foreign investors at the 2017 SelectUSA Investment Summit, which Arizona representatives called “probably the best yet.” This year’s summit, which brings companies from around the globe together with government officials and economic organizations to promote foreign direct… Read More →

Arizona’s grades improve in manufacturing report

Arizona improved its grades in human capital, productivity and innovation and tax climate, say a new manufacturing report from Ball State University. The 2017 Manufacturing and Logistics Report Card, 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… Read More →

How has the Arizona Energy Consortium impacted the sector?

The last time Az Business magazine sat down to talk with the leaders of the Arizona Energy Consortium (AEC), the organization was still operating under the umbrella of the Arizona Technology Council. A lot has changed since that time. Co-executive directors Michelle De Blasi — a director at Fennemore Craig — and Chris Davey —… Read More →

Arizona-based TrueNopal Cactus Water lands global deal

Forget coconut water. Cactus water is the latest hydration craze, and the Arizona company that created it has partnered with one of the largest beverage companies in the world to help take Cactus Water worldwide. Scottsdale-based True Nopal Ventures, LLC, creator of True Nopal Cactus Water ( is set for international growth and distribution with… Read More →

Phoenix consumer spending rises, small business benefits

There might be a break from a decline in consumer spending in Phoenix as year-over-year consumer spending increased nearly one percent in February, according to the Local Consumer Commerce Index released by JPMorgan Chase & Co. this month. In the past few years, there has been a general decline in consumer spending with lower growth from 2014 to 2016, but the… Read More →

New data shows Millennials are buying more houses

Varo Money, Inc., a digital banking app for ambitious Millennials who are hands-off with their money, today announced the release of its deep dive survey on how “hands-off millennials” manage their finances without making detailed budgets or categorizing expenses. Varo surveyed 287 hands-off, creditworthy millennials about their financial hopes and fears, their day-to-day financial routines,… Read More →

Food-service jobs see record jump, despite wage increase

food-service jobs

Arizona added a record 15,100 food-service jobs in the first quarter of 2017, despite a voter-mandated Jan. 1 increase in the minimum wage that some analysts believed would cause a reduction in service industry jobs. Opponents of Proposition 206, which raised the minimum wage from $8.05 to $10 an hour, said one quarter’s worth of… Read More →

Reality TV vs. reality—America is watching President Trump

Reality TV has become very popular. Apparently we enjoy watching people be voted off the island, search for love and get fired on national television. Included in this group is President Trump, who was the host of “The Apprentice” for a number of years. However, since the January inauguration, President Trump is now faced with… Read More →