Economy Archives

UA’s Phoenix campus has nearly $1 billion economic Impact

phoenix

University of Arizona President Ann Weaver Hart and Phoenix Mayor Greg Stanton today announced that the economic impact of the UA’s downtown Phoenix academic medical center in 2013 was $961 million, according to a report released by nationally recognized consultants Tripp Umbach. “Our College of Medicine and the academic medical center have become key generators… Read More →

Arizona business owners optimistic for 2015

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

BMO Harris Bank released a study that found that business owners and executives in Arizona were optimistic about the prospects for the state’s economy in the coming year. Eighty-six percent of respondents feel Arizona’s economy will grow or stay at the same level in 2015 (39 percent say it will improve, 47 percent think it… Read More →

Experts: 2 more years until full economic recovery in Arizona

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

We can expect our economic recovery to take about another two years in Arizona. That’s what experts said today at the 51st annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. About 750 people attended the event at the Phoenix Convention Center. Key experts delivered a… Read More →

Boyes named founding director of ASU research center

Arizona Economic Forecast 2011

ASU has announced the appointment of Professor William Boyes as the founding director of the Center for the Study of Economic Liberty at the university’s business school. Through the research center, Boyes will be able to build on his scholarly investigation of how economics, policy and general well-being are influenced by individuals’ ability to make… Read More →

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

holiday.shopping

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 →