Economy Archives

America’s no good, very bad corporate income tax


Arizona is doing all it can to develop a more competitive tax environment in order to attract jobs, but we’re getting no help from the feds. The state over the last few years has scratched and clawed its way on the road to economic recovery. Staring down 300,000 lost jobs since the beginning of the… Read More →

Arizona Poised to See Above-Average Growth

Economic concepts
February 5, 2014 by in Economy | Featured

Thanks to strong improvement in housing prices and improved population in-flow, Arizona should expect above-average growth through the year, according to the bi-annual U.S. State Monitor Report from BMO Economics. Expected real GDP growth in the state is 3.2 percent, up from a 1.8 percent rate currently expected for 2013. Nonfarm payrolls in Arizona were… Read More →

1 financial crisis would cripple most AZ households

Ways to Boost Financial Performance in Face of Economic Uncertainty
January 30, 2014 by in Business News | Economy

Despite an improving national economy, 45.7 percent of Arizonans are in a persistent state of financial insecurity, according to a report released today by the Corporation for Enterprise Development (CFED). The number of households who have little or no savings to cover emergencies or to start building a better life has barely budged from last… Read More →

National Site Selectors Visit Greater Phoenix Region

January 30, 2014 by in Business News | Economy

Site selection consultants from across the country will participate in a panel discussion moderated by Greater Phoenix Economic Council (GPEC). The panel members participating have extensive backgrounds in corporate site selection, with expertise ranging from domestic and international site selection to location analysis and target industry analysis. Companies often hire site selectors to help choose… Read More →

Goodyear earns award for fiscal responsibility

Arizona Business Financing

For the 13th straight year, the city of Goodyear won the Distinguished Budget Presentation Award from the Government Finance Officers Association, highlighting the city’s long-standing methods of fiscal responsibility. It also marks the 18th time overall that Goodyear has won the GFOA award. Goodyear Finance Director Larry Lange accepted the award for the city. “It’s… Read More →

Webinar teaches you to utilize R&D tax credit

January 14, 2014 by in Economy | Featured | Tech

Arizona now offers the single most generous R&D credit in the nation. While most states have an R&D credit rate of about 5 percent, Arizona’s is at 24 percent, which even exceeds the maximum federal R&D credit rate of 20 percent. But Arizona holds another special distinction in the realm of R&D credits – it… Read More →

The politics of economic growth

Thomas Lavalette
January 13, 2014 by in Economy | Featured | Politics

This is a turning-point election for Arizona. Seven candidates seek the governor’s post, the most important elected position in Arizona. Economic development and business leaders are concerned about the state’s image in the global market and what it will take to make the area competitive in the next economy. The new governor will need to… Read More →

Phoenix Housing Market Stuck in Neutral

January 10, 2014 by in Economy | Featured | Real Estate

Maybe the new year can bring some new energy to the Phoenix-area housing market? A new report from the W. P. Carey School of Business at Arizona State University shows stagnation as 2013 came close to an end. The latest data for Maricopa and Pinal counties, as of November, shows: > Price gains continuing to… Read More →

As the Job Market Improves, College Enrollments Shift

college graduates
December 23, 2013 by in Economy | Education | Featured

Six years ago, the United States plunged into a recession that reshaped the economic, political and social landscape. Although the end of the recession was declared a year and a half after it began, the U.S. is still recovering from the long-lasting effects as we attempt to return to pre-recession levels of GDP and unemployment.… Read More →

Phoenix Housing Market Quiets Down

December 12, 2013 by in Economy | Featured | Real Estate

The Phoenix-area housing market is quietly ending the year, with a drop in demand and activity. A new report from the W. P. Carey School of Business at Arizona State University provides the latest data for Maricopa and Pinal counties, as of October: * The median single-family-home price was up 27 percent, to $200,000, since… Read More →

Arizona Still 2 to 3 Years from Full Economic Recovery

Arizona Economic Forecast 2011

You can expect more slow growth in Arizona next year, but we’re still two to three years away from full economic recovery. That’s according to experts today at the 50th annual Economic Forecast Luncheon co-sponsored by Arizona State University’s W. P. Carey School of Business and JPMorgan Chase. About 1,000 people attended the event at… Read More →

Wage laws hurt young and poor

money management
November 27, 2013 by in Columnist Spotlight | Economy | Featured

President Obama this year has been making noise about wanting to hike the federal minimum wage to $9 per hour and then indexing the wage to inflation. That means the hourly wage would go up every time the cost of living goes up. The latest Gallup poll finds that over 75 percent of Americans would… Read More →

Phoenix Joins Initiative to Promote Global Trade

microchip technology
November 22, 2013 by in Economy | Featured

The Greater Phoenix Economic Council announced the region has been selected as one of eight metro areas in the country to join a new exchange network created by the Global Cities Initiative, a joint project of Brookings and JPMorgan Chase. The Exchange is a network of metropolitan areas committed to promoting greater global trade and… Read More →

Holiday Shoppers Expected to Buy Local this Holiday Season

November 22, 2013 by in Economy | Featured

This holiday season, surveys show that holiday shoppers are more inclined to support small, local businesses for their holiday needs this year. The results of the2013 Deluxe Annual Holiday Shopping Survey showed that 35% of consumers plan to support local businesses with their holiday shopping this year. This is a 8% increase from last year’s… Read More →