Economy Archives

Experts: Slow, steady economic recovery for Arizona

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Our economy continues to slowly improve, with the healthcare and biosciences industry having the most potential for local employment growth. That was just one of the positive signs that came out of last week’s Economic Outlook 2015, presented by the Greater Phoenix Chamber of Commerce (GPCC) and Cox Communications. Nearly 800 business leaders attended the… Read More →

Mobile Mini Completes Acquisition in Florida

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Mobile Mini, Inc. (Nasdaq GS:MINI) announced it has completed the purchase of the assets and operations of a portable storage business with operations in Daytona Beach, Florida. Financial terms of the transaction were not disclosed. “We continue to make acquisitions in growth markets which fit into our strategy of acquiring highly utilized rental assets on… Read More →

Valley cities rank high for Hispanic business climate

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The United States is often dubbed “a nation of immigrants.” But lately the path to American citizenship has been a rough road, especially for an increasing number of Hispanics. Whether they’ve entered U.S. borders lawfully or otherwise, many have felt the sting of marginalization, racism and discrimination in every kind of social environment. And despite… Read More →

The business of America’s marijuana revolution

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By all accounts, America’s emerging cannabis industry is shaping up to be the country’s biggest business experiment of the 21st century. But the mushrooming niche sector could quickly become an un-navigable morass of conflicting state and federal laws, with banks reluctant to touch the industry’s abundance of money and a patchwork of state and local… Read More →

Passenger Numbers Increase at Sky Harbor

AMR-US Airways

Passenger traffic numbers at Phoenix Sky Harbor have increased yet again for the eighth month in a row. July numbers were 5.7% higher than last July. Year to date, numbers are up by 4% over 2013. In fact, passenger numbers have been rising every single month this year spanning from 3.0% to 5.7% increases. “We… Read More →

No Housing Bubble Right Now in Phoenix

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The Phoenix-area housing market is NOT creating another housing bubble to pop anytime soon. The latest monthly report from the W. P. Carey School of Business at Arizona State University shows a lack of enthusiasm from both buyers and sellers. Here are the latest details on Maricopa and Pinal counties, as of July: • The… Read More →

Fulton ‘Legacy’ at $15M before opening

Freeman Farms

While news headlines in August continue to declare sluggish new home sales figures in the Metro Phoenix market, one new Fulton Homes’ community in Gilbert is experiencing just the opposite. As of Aug. 25, the Tempe-based homebuilder has sold 20 homes and has hit $15 million in sales at its Legacy at Freeman Farms community—and… Read More →

Arizona Lottery Scratchers Ticket Offers $2.5 Million Prize

Photo by Cronkite News Service.

The Arizona Lottery announces the launch of its newest Scratchers ticket, $185 Million Cash Explosion. This is the largest $20 Scratchers top prize in Arizona Lottery history. The new ticket launches Sept. 2 and offers players a chance to win one of six $2.5 million top prizes. Winners will have the option of a 30-year… Read More →

WESTMARC Creates United Front To Boost West Valley

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“You can’t just say you ‘support regionalism,’ you have to believe it.” Surprise Mayor Sharon Wolcott is talking about attitude in the West Valley. Thirty minutes earlier in a separate conversation, Goodyear Mayor Georgia Lord made nearly the same comment. “We believe in regionalism and we put it into practice,” she says. “On this side… Read More →

AZ Big Media honors Most Influential Women

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They are the best business minds in Arizona. They are innovators, trailblazers and leaders of men. They are Az Business magazine’s Most Influential Women in Arizona Business for 2014, as selected by the editorial team at Az Business magazine and a panel of industry experts. The Most Influential Women were honored Thursday at a reception… Read More →

How to Protect Your Business Against Fraud

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We hear stories of employees embezzling money from unsuspecting employers, but we never expect it to actually happen. Nathan J. Mueller, an employee in the reinsurance division of financial services giant ING, carried out a scheme, embezzling nearly $8.5 million over a period of four years. Mueller’s story serves as a lesson to employers, alerting… Read More →

Arizona Lottery Breaks Sales Records

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The Arizona Lottery reports a record-breaking $724 million in sales, a 4.5 percent increase over the previous fiscal year, and the highest amount in the Arizona Lottery’s 33-year history. Lottery beneficiaries received more than $175 million in net funding during the year. As a result of revenues for beneficiaries increasing 33 percent over the past… Read More →

GM Officially Opens Information Technology Center

Chandler Innovation Center

General Motors is adding to its roster of Information Technology Innovation Centers with today’s grand opening of a facility in the Phoenix area. The center, which will enable GM to in-source the company’s innovation capabilities and tap into a pool of new and experienced IT talent, joins innovation centers already operating in Warren, Mich., Austin,… Read More →

Inilex Makes Inc. 500|5000 List for 3rd Straight Year

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Inilex®, a leading provider of aftermarket telemetry solutions for vehicles, has been named to the Inc. 500|5000 list for the third straight year. Inilex ranked No. 1056 on the prestigious national list, which recognizes America’s fastest-growing privately held companies. Inilex’s enormous growth makes it one of Arizona’s most prominent companies, as well as one of… Read More →