Economy Archives

Bankers Trust reports another record year

Enterprise Bank

Bankers Trust, Iowa’s largest independently owned bank, today released its 2015 year-end earnings, reporting record performance for a sixth straight year. Combined bank earnings for 2015, were $37.1 million, a 12.4 percent increase over the same period in 2014. The first Bankers Trust location in Phoenix opened in 2007. Since that time, the bank has… Read More →

TGen reports $174 million economic impact on Arizona

bioscience

Translational Genomics Research Institute (TGen) annual economic impact on Arizona has risen eight-fold over 8 years, reaching a total of $174 million annually, according to an independent financial report released Wednesday. Independent auditing firm Tripp Umbach of Pittsburgh’s report shows that TGen is responsible for $8.7 million is annual tax revenues to the state’s general… Read More →

Arizona looks for economic boost from sports

football
by in AZ Business Magazine | Economy | Sports

The College Football Playoff National Championship Game on Jan. 11 is the next in a line of major sporting events coming to Arizona that has the potential for both short- and long-term financial benefits for the state, analysts and backers say. But while Super Bowl XLIX brought in over $700 million for the local economy, according… Read More →

Here are the Top 10 stories of 2015

news

Here are the Top 10 stories of 2015, based strictly on the number of readers on azbigmedia.com. The Top 10 stories of 2015 are not based on newsworthiness or importance — although each of these stories are important and newsworthy — but by the sheer number of azbigmedia.com readers who took the time to read the story.… Read More →

Arizona ranks 7th in the nation for theft claims

Theft

The holiday season is when more theft claims come in compared to the rest of the year, and Arizona ranks 7th in the nation for theft claims, according to State Farm’s claim data. In January 2014, there were 9,817 theft claims filed in The United States. December wasn’t far behind with 9,533 claims. The average… Read More →

Dawn Nagle will lead Metro Phoenix Export Alliance

123rf.com: Buchachon Petthanya

In partnership with the Arizona Small Business Association (ASBA), Metro Phoenix Export Alliance (MPEXA) has hired Dawn Nagle as Director. Nagle will oversee the MPEXA initiatives, identifying exporting pathways for Arizona businesses. She brings a strong background in exporting, previously serving as Trade Commissioner with the Canadian Consulate in Phoenix and many years in global technology… Read More →

Mesa’s Alpine Valley Bread sells for $120M

Alpine Valley Bread

Alpine Valley Bread Company, a Mesa-based family-owned producer of certified organic and all-natural breads, was purchased by Flowers Foods, Inc. for $120 million in cash and stock. The acquisition was completed in the fourth quarter of 2015. Alpine Valley Bread was founded in 1997 by the Wood family and operated its first small retail bakery… Read More →

UMB Bank ranks among nation’s top farm lenders

Shamrock Farms

The American Bankers Association recently released its Top 100 Farm Lenders by Dollar Volume for Q3 2015 and UMB Bank, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), is ranked No. 33 on the list. The rankings are based off information from FDIC data in Q3 2015 and loans within the Agricultural and Farmland FRB Codes.… Read More →

Arizona business experts praise federal budget deal

Economic Development , 8 honored

At 2009 pages, the political world has a lot to say today on the federal budget deal posted online in the wee hours of the morning, and one provision in particular has Arizona small-business owners hoping Congress seals the deal on Friday and President Obama signs it. The part of the bipartisan agreement making up… Read More →

Arizona chambers announce strategic partnership

recognized business partners, aps

Two of the state’s most respected chambers of commerce announced a strengthening of their already close alignment that will increase the influence of their organizations statewide. The Arizona Chamber of Commerce and Industry and the Tucson Hispanic Chamber of Commerce are entering into a new strategic partnership that will see each organization’s members earn general… Read More →

Experts predict steady growth for Arizona economy

Arizona Economic Forecast 2011, Economic Recovery

Say goodbye to the recession and keep an eye on slow, steady growth for the state and nation in 2016. That’s what experts said today at the 52nd annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. Four experts delivered a comprehensive overview of what’s happening… Read More →

Arizona nonprofits partner for Tax Credit Tuesday

tax

Each year, millions of dollars in state tax credits go unused by Arizona residents who either aren’t familiar with the process to claim tax credits, or simply don’t know that certain tax credits are offered to them. This year, a collaboration of Valley nonprofits is looking to change that by increasing awareness of available tax… Read More →

Arcade bar growth turns Valley into multiplayer arena

Endgame Bar co-founder and co-owner Ryan Scott plays a video game while seated at one of the several bars inside. Photo by Jason Axelrod, Cronkite News.
by in AZ Business Magazine | Economy

Dillon Thompson has spent one to two hours at Endgame Bar nearly every day since the 22-year-old first started going about two and a half months ago. The reason? Endgame’s nearly 700 free games – a mix of arcade machines, home console games and computer-based games – combined with a stocked bar and kitchen make… Read More →

East Valley Partnership hosts Economic Forum Dec. 3

education.business

PHX East Valley, a national initiative led by the East Valley Partnership to improve business and quality of life in the East Valley region of Greater Phoenix, is offering an economic forum at 3:30 p.m. Thursday, Dec. 3 at Marriott Phoenix Mesa, 200 N. Centennial Way. Attendees of the economic forum event will learn about… Read More →