Economy Archives

Phoenix earns presidential award for export success

Presidential Award

U.S. Secretary of Commerce Penny Pritzker Monday presented Mayor Greg Stanton and the City of Phoenix with the President’s “E” Award for Export Service at a ceremony in Washington, D.C. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports. Phoenix is only… Read More →

Finalists named for ‘Deal of the Year’ award


Three finalists have been announced for the award recognizing the most significant mergers and acquisitions transactions that took place in Arizona in calendar year 2015. The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction.  The… Read More →

Could downtown Phoenix survive without D-backs?

The Arizona Diamondbacks have called Chase Field home since 1998. (Photo By Blake Benard/Cronkite News)

Call it the Arizona Diamondbacks effect. Eighteen years ago the major league baseball team moves into new stadium digs, known as cutting edge for its retractable roof and acknowledged as an economic magnet for the businesses built on blocks surrounding the facility in downtown Phoenix. The team, whose downtown neighbors include the Phoenix Suns pro… Read More →

Arizona regulations, taxes boost economic outlook

Economic Development , 8 honored

Lower taxes, fewer regulations and right-to-work laws helped push Arizona toward the top of a report this week ranking states on their economic outlook. The annual “Rich States, Poor States” study, released Tuesday by the conservative American Legislative Exchange Council, put Arizona in fifth place for the second year in a row in its report… Read More →

College Football Playoff has $273.6M economic impact


The 2016 College Football Playoff (CFP) National Championship generated $273.6 million in economic impact, highest among Arizona’s eight college football title games, according to a study by the L. William Seidman Research Institute at Arizona State University’s W.P. Carey School of Business. An estimated 65,401 visitors came to Arizona for the 2016 College Football Playoff… Read More →

Author of Phoenix ‘brain drain’ revises numbers

Bennett Dwosh, a recent Arizona State University graduate, said being at the bottom of a list of cities to work after graduation would cause concern. (Photo courtesy of Bennett Dwosh)

A study analyzing which metropolitan areas retain their university graduates the most has come under fire after the Phoenix metro area landed in the basement of the rankings. Officials with the Maricopa Association of Governments and the Arizona Commerce Authority fought back, and the study’s author has revised the numbers. Jonathan Rothwell, a fellow at… Read More →

Phoenix start-up GiftCard Zen acquired for $22M


RetailMeNot, Inc., a leading digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store, announced that it has acquired GiftCard Zen Inc, a secondary marketplace for gift cards.  The company also provided preliminary financial results for the first quarter ended March 31, 2016 and updated financial guidance for the calendar year… Read More →

Tempe-­based Ncounter plans expansion


Founders and former Kahala Corp. executives Kevin and Kathryn Blackwell are bringing their proven restaurant expansion experience to Arizona as their new venture, Pacific Restaurant Partners, acquired the Ncounter concept with plans to add new locations. CKS Securities served as the exclusive financial advisor to Ncounter. Since 2012, Ncounter has been an instant favorite among the… Read More →

How will Luke Air Force Base shape the Valley?

An F-35 Lightning II assigned to the 61st Fighter Squadron at Luke Air Force Base takes off, July 29, 2015. Since 2010, the F-35 has flown more than 30,000 hours. (U.S. Air Force photo by Staff Sgt. Staci Miller)

Luke Air Force Base sits on thousands of acres in the West Valley. It brings more than $2 billion in economic impact to Arizona every year. And it’s a point of pride among the U.S. military as well as a respected fighter pilot training base for our allies around the world. It is what has… Read More →

Get ready! White collar overtime rules are coming


On Monday, March 14, 2016, the Department of Labor (DOL) sent its final rule revising the white collar overtime exemption regulations of the federal Fair Labor Standards Act (FLSA) to the White House Office of Management and Budget (OMB). The OMB’s review is the final step in the regulatory process before the revised regulations are… Read More →

Luke Air Force Base helps West Valley soar

F-35A Lightning II

At any given time, a Glendale or Goodyear resident may be able to look out their window and see fighter jets fly over their yard. Now, the West Valley is opening that window to the world. “(Luke) is a window to the world,” says Joe LaRue, executive vice president of Sun Health. “Every year, hundreds… Read More →

Arizona added 100,000 residents in 2015


Arizona’s population grew by nearly 100,000 in 2015, driven largely by growth in Maricopa County which saw the second-largest increase among counties in the nation, according to new Census Bureau estimates. The bureau’s 2015 population estimates for counties and metro areas also said that Maricopa finished first in the nation for net domestic migration growth… Read More →

Arizona bioscience job growth rate outpaces nation


Arizona’s bioscience industry has sustained its momentum and continues its long-standing trend of impressive job growth and high wages, a new report shows. In addition, risk capital reached its highest figure in four years, and all measures of bioscience tech transfer at Arizona universities are on the rise, with increases in startups, invention disclosures, patents,… Read More →

Tips for filing your 2015 tax returns


For many, the oncoming tax season can be stressful, overwhelming, and even confusing, especially as the April 18th deadline draws nearer. From deductions to exemptions, there are many items to consider when filing a 2015 return, leaving plenty of room for errors and costly mistakes. That is why proper organization and proactive planning are necessary in order… Read More →