Economy Archives

The cost to attend the Super Bowl in Glendale

football

Unlike alleged Foxboro footballs, ticket and travel costs to pro football’s championship game did not deflate over the weekend.  They went up. Before the conference championship games took place, the average game ticket to Glendale cost $3,374, according to TiqIQ.  Now, the average ticket price is $4,174.50.  That price is only around 2 percent higher… Read More →

Revel Systems iPad POS expands into Scottsdale

revel

Revel Systems, the world’s leading iPad Point of Sale platform, today announced it has expanded operations into Arizona through a new Scottsdale office. The company will create 160 new jobs during the next three years to drive its global sales growth. Revel’s Vice President of Sales, Bobby Marhamat will devote resources to create jobs and… Read More →

State Farm plans to hire 600 in Phoenix

94750491

State Farm will be holding a Career Fair January 20th, to help fill openings for its expansion in the greater Phoenix area. The company is currently hiring more than 600 hundred new employees and additional hiring is expected to continue throughout 2015. The one-day Career Fair will focus on generating a candidate pool for positions… Read More →

Are investors returning to Phoenix housing market?

housing.prices

Investors appear to be returning to the Phoenix-area housing market. The latest monthly report from the W. P. Carey School of Business at Arizona State University examines that new trend, as well as the possibility of a future supply problem. Here are the highlights of the new report on Maricopa and Pinal counties, as of… Read More →

ON Semiconductor hosting Financial Analyst Day

Economic concepts

ON Semiconductor, driving energy efficient innovations, announced that it will host its Financial Analyst Day in Scottsdale on February 26, 2015, starting at 8:00 a.m. MST. The event will feature presentations on the company’s strategy, financial outlook and performance. Event Details Attendance for this event is by invitation only. To request an invitation and details… Read More →

Female leaders rise up in Arizona tourism industry

HSMAI - Tourism

It might surprise people to know that tourism generates more money for Arizona than aerospace, agriculture, microelectronics and mining. And leading that $20-billion-a-year economic juggernaut are a bunch of women. Debbie Johnson is president and CEO of the Arizona Lodging & Tourism Association, Sherry Henry is executive director of the Arizona Office of Tourism and… Read More →

Hiring military veterans adds competitive edge

veterans

During his military career, Capt. Eric Engquist negotiated mortar attacks, roadside bombs, ambushes and rocket grenades in the Iraqi desert, employing strategic planning and problem solving skills under extreme pressure. After eight years as an Army infantry officer, Engquist left the military to join corporate America, bringing those skills with him. Today he is the… Read More →

Age is his advantage, says BMO Harris leader

STEVEN ZANDPOUR: “The economic health of Arizona is definitely improving and the long term outlook is positive,” said the Arizona regional president for BMO Harris Bank. “This positive outlook, combined with our solid business plan, provides us a great opportunity for growth.” Photo by Shavon Rose, AZ Big Media

Steven Zandpour, the 38-year-old Arizona regional president for BMO Harris Bank, thought he has a sure-fire career blueprint to follow. “My cousin was in banking while I was in college and his goal was to ultimately own a business,” Zandpour said. “He told me that he was learning a lot about what banks look for… Read More →

AzLTA capitalizes on state’s ability to host big events

arizona

Debbie Johnson thought she was just coming for a race at Phoenix International Raceway when she visited Arizona in April of 1986. “I was living in Wyoming at the time,” recalls the president and CEO of the Arizona Lodging & Tourism Association (AzLTA). “We flew back into Denver to drive up to Wyoming and got… Read More →

Taking advantage of Arizona’s R&D tax credit

taxes

Research and development (R&D) tax credits are available to companies that bear the financial risk of developing new or improved products or processes. And claiming them can be lucrative, since they offset a company’s tax liability, making more cash available to invest in ongoing projects. Companies that perform qualified R&D and meet certain requirements can… Read More →

Super Bowl’s impact on economy may last long after game

Arizona Super Bowl Host Committee CEO Jay Parry. Photo by Shavon Rose, AZ Big Media

Early in the planning process for the 2015 Super Bowl, Arizona Super Bowl Host Committee CEO Jay Parry was giving a presentation to Greater Phoenix Leadership and she referred to some of national perceptions of Arizona as “misperceptions.” “An individual walked up to me after the presentation and said, ‘You did a great job, but… Read More →

Increase cash flow and bottom line in 2015

business practices

As 2014 comes to a close it is important to reevaluate your business model and consider the steps you need to take in the New Year to increase cash flow and boost your bottom line. Cash flow is crucial to a company’s survival. Having sufficient funds on hand will not only ensure that creditors, employees… Read More →

Arizonans’ holiday spending tops national average

holiday.shopping

Arizona residents plan to open their wallet wider than much of the rest of the country by spending an average of $1,248 over the holidays; that’s more than 10 percent higher than the national average of $1,129, both figures according to the BMO Harris Bank Holiday Spending Report. Slightly more than one-third (36 percent) report… Read More →

Pinnacle West declares quarterly dividend

energy.bill

Pinnacle West Capital Corporation’s Board of Directors today declared a quarterly dividend of $0.595 per share of common stock, payable on March 2, 2015, to shareholders of record on February 2, 2015. Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of about $14 billion, nearly 6,400 megawatts of generating… Read More →