Economy Archives

Ducey becomes the governor for Millennials

Millennials

Arizona is a great place for millennials. It’s the perfect example of an ideal state for our generation to live, work, and play. We are the generation of start-ups, entrepreneurs and Internet campaigns, with a burning desire to express our innovative ideas. And in November 2014, we solidified Arizona as the ideal breeding ground for… Read More →

Ritz-Carlton Phoenix will close in July; re-branding planned

Ritz_Phoenix_00088_920x518

Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust (REIT), announced that the iconic Ritz-Carlton, located near 24th Street and Camelback Road in Phoenix, will be closed and re-branded. During the second quarter the company completed an agreement to convert The Ritz-Carlton, Phoenix to an independent hotel to be operated by… Read More →

Experts: Central sports commission would boost Arizona

football

The 2015 Super Bowl kicked off an unprecedented run for the Phoenix metro area as the host of mega-sporting events. But if the Valley is going to continue to lure Super Bowls, NCAA championship football games and Final Fours, leaders in the sports community say the current system needs to be improved. “We’re playing with… Read More →

Survey shows Arizonans favor shopping small businesses

shopping

An overwhelming number of Arizona consumers (88 percent) support small businesses in their communities by patronizing these establishments at least once a week, according to the 2015 Cox Consumer Pulse on Small Businesses. In fact, nearly two-thirds (64 percent) of Arizona consumers visit a small business two or more times a week. Cox Business commissioned… Read More →

House, Senate panels forward bills to halt Glendale casino

Casino

WASHINGTON – Bills that would halt construction on a Tohono O’odham casino in Glendale passed committees in both the House and the Senate Wednesday. The Keep the Promise Act of 2015 – introduced by Sen. John McCain, R-Ariz., and Rep. Trent Franks, R-Glendale – would “prohibit gaming activities on certain Indian land in Arizona until… Read More →

Macerich upgrading Arrowhead Towne Center

Arrowhead Towne Center Project Rendering (2)

Macerich today announced details of key updates planned for Arrowhead Towne Center, its dominant West Valley retail property that also will welcome a new, 25,000-square-foot H&M. Up-to-the-moment, technology-focused new amenities are a major focus of the interior and exterior renovation at Arrowhead Towne Center that starts this spring and will be complete by late 2015.… Read More →

Scottsdale’s Airware Labs expands sales into India

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Scottsdale-based Airware Labs Corporation announced 37 Apollo Hospitals and 250 Apollo pharmacy retail outlets across India will now sell Airware Labs’ innovative AIR™ ALLERGY product. Apollo Pharmacy is the largest retail pharmacy chain in India. Apollo Hospitals, based in Chennai, India, encompass over 10,000 beds across the country. A number of Apollo Hospitals have been among the… Read More →

JDA Software ‘writes the book’ on supply chain

Supply

JDA Software Group, Inc., has developed an entertaining, and informative new e-book that offers a unique perspective on today’s most pressing supply chain challenges and opportunities. For a limited time, the digital version of JDA’s “Supply Chain For Dummies®” is available as a free download here. Authored by JDA experts Razat Gaurav, Prashant Bhati and Madhav… Read More →

10 ways Ducey, Legislature helped Arizona businesses

Mayor Elaine Scruggs

Governor Doug Ducey promised an administration that would move at the speed of business. His first legislative session proved true to his word. The session was lightning-quick at 81 days, the fastest since 1968. Together the governor and Legislature passed into law over 300 bills, many of which will significantly enhance Arizona’s business environment, making our… Read More →

Analysis shows costs of wage gap for Arizona women

Green Job Opportunities for Women

An analysis released for Equal Pay Day shows just how much damage the gender-based wage gap is doing to Arizona’s families and economy. Women employed full time in Arizona are paid just 84 cents for every dollar paid to men, amounting to a yearly gap of $7,263. This means that, collectively, Arizona women lose nearly $6 billion… Read More →

Plexus Worldwide ranked among top direct-selling firms

The 2015 DSN Awards Ceremony in Dallas, Texas.

Scottsdale-based Plexus Worldwide, a leading direct-marketing weight-loss and health-supplement seller that was recently named No. 8 on the 2014 Inc. 5000 list of fastest growing companies, announced it was named No. 30 on the Direct Selling News (DSN) List of Top 50 Revenue-Generating Companies in Direct Selling within the United States, and No. 56 on its Global 100… Read More →

Shea Homes reports increase in new home sales

homes

New home sales are on the rise. During the first three months of this year, Shea Homes reports sales of 151 new homes, compared with 58 new homes sold during the same time period last year, a 160 percent increase. “We’re extremely pleased with the surge in new home sales,” said Ken Peterson, VP of… Read More →

Arizona exports top $21 billion in 2014

manufacturing

WASHINGTON – Arizona businesses raked in $21.1 billion from exports last year – money that supported 93,354 jobs in the state, according to a report released Thursday by the Obama administration. The report from the U.S. Trade Representative and the Department of Commerce said the value of Arizona exports has risen 57 percent since 2004.… Read More →

D-backs have lowest Fan Cost Index for 9th straight year

2012 Employee Appreciation Dinner

The Arizona Diamondbacks (@Dbacks, @LosDbacks) have the lowest Fan Cost Index ($126.89) in Major League Baseball for the ninth consecutive season, it was announced by Team Marketing Report. The D-backs finished almost $85 below the industry average of $211.68. The Fan Cost Index is a representative look at the costs for a family of four… Read More →