Economy Archives

Gainsight expands operations to Phoenix

123rf.com: Buchachon Petthanya

Gainsight, a Silicon Valley-based technology company focused on customer success, has announced an expansion to Phoenix. The company’s new corporate marketing headquarters will be housed at the 111 W. Monroe building downtown.    Led by CEO Nick Mehta, Gainsight made a major announcement last Thursday with a new $50 million Series D funding round backed… Read More →

Vote now to decide FirstBank ‘Elevator Pitch’ winner

idea

FirstBank, which has 17 banking locations throughout the Phoenix Metropolitan area, announced the five Arizona finalist companies of its the “FirstBank $20,000 Elevator Pitch Business Contest” where it will award one Arizona-based winner with $20,000. The five companies are: Pinspiration Co+Hoots Brelby Theatre Company Cake Art Studio Nancy’s Jewelry and Clothing The public is invited… Read More →

Ducey makes major impact during 1st year in office

Ducey

Resting on a table in the center of Arizona Gov. Doug Ducey’s meeting room at the state capitol is an Arizona State University football helmet signed by Jake Plummer and Pat Tillman. “I am a proud Sun Devil,” Ducey gushes. But the state’s “first fan” can also boast about another first: Ducey is the first… Read More →

Bankers Trust celebrates opening of new location

Bankers Trust Check Presentation

Nearly 150 community leaders, industry experts and customers joined Bankers Trust on Thursday as they celebrated the grand opening of its new location on the ground floor of Esplanade Building II (2525 E. Camelback Rd. Suite 100). The first Bankers Trust Phoenix location opened in 2007 and since that time the Bank has grown from… Read More →

Villages at Vigneto to create $23.8B in economic impact

Economy

Dr. Robert Carreira, principal of USEconomicResearch.com, forecasts the Villages at Vigneto will ignite the struggling Benson and Cochise County economies. The development, including 28,000 homes, a destination resort, and four million square feet of commercial/retail space, will bring an estimated $23.8 billion* in economic activity (spending/sales) over 18 years. Additionally, It will create an estimated… Read More →

FirstBank launches ‘Elevator Pitch’ contest in Arizona

Chandler Innovation Center

FirstBank, which has multiple banking locations throughout the Phoenix Metropolitan Area, announced a new competition for businesses in Arizona. The competition, called the “FirstBank $20,000 Elevator Pitch Business Contest” will kick off on Tuesday, October 12 and, only a few weeks later, award one winner with $20,000, courtesy of the bank. Contest participants will be… Read More →

Z’Tejas sale to Cornbread Ventures approved by judge

Courtesy of Z'Tejas

Cornbread Ventures, LP announced it has been approved to acquire Z’Tejas Southwestern Grill via a court order signed in U.S. Bankruptcy Court in Phoenix last week. The new entity is comprised of the principals of Texas-based Iron Cactus Mexican Grill and Margarita Bar and The Stone Group. Under the new ownership, all Z’Tejas entities will remain open, including five Z’Tejas… Read More →

TGen teams with Barrow to find ALS biomarkers

123RF.com, Copyright: lightwise

The National Institutes of Health (NIH) has awarded a $687,087, one-year grant to Barrow Neurological Institute and the Translational Genomics Research Institute (TGen) to identify peptide, protein, and RNA biomarkers as indicators of Amyotrophic Lateral Sclerosis (ALS) progression. This degenerative disease, also known as Lou Gehrig’s disease, kills motor neurons — specialized nerve cells in the brain… Read More →

Canadians help heat up Arizona economy

Icefields Parkway, Banff; Jasper National Parks, Alberta, Canada
by in AZ Business Magazine | Economy | Featured

Canadians love escaping the cold and traveling south to soak up the Arizona sun, but Arizona is becoming more than just a vacation destination for Canadians. Arizona’s economic climate offers Canadian companies a great place to enter the U.S. market, and Canadian companies are taking advantage of Arizona’s favorable business climate. More than 350 Canadian… Read More →

Greater Phoenix export market heats up

123rf.com: Phasin Sritham

Greater Phoenix is now responsible for 68.3 percent of the state’s exports – up from 65.4 percent in 2014 – Community and Economic Development Director Christine Mackay announced in a presentation to the Mayor and City Council. Citing growing trade with Mexico, exports in the Phoenix metro area and the rest of Arizona are up… Read More →

Are women business owners the future of incubators?

123rf.com:  Rancz Andrei

In the last five years, billions of dollars have been invested in entrepreneurial programs, incubators and business resources across the country to spur economic growth. “It should come as no surprise then as the entrepreneurship wave slows, people are now questioning their return on investment,” says Kristin Slice, owner of Empowered Lab Communications and founder… Read More →

Phoenix earns a B- for small business friendliness

123rf.com: belchonock

Small business owners gave Phoenix a B- for its business friendliness, ranking it in the top 50% of cities nationwide, according to Thumbtack’s annual Small Business Friendliness Survey. Complete results for Phoenix are published at https://www.thumbtack.com/az/phoenix/. Nearly 18,000 U.S. small business owners responded to this year’s survey, including 476 in Phoenix and 597 in Arizona. The study asked respondents to… Read More →

Cactus League has $809M economic impact on Arizona

baseball

Spring training baseball has become a driving force in Arizona’s economy according to a pair of studies released today by Governor Doug Ducey and members of the non-profit Cactus League Baseball Association. The studies, conducted earlier this year, estimate spring training teams and the ballparks they play in now annually generate more than $809 million… Read More →

Five trends to watch in the labor market

IPOs

Burning Glass Technologies, using its “big data” analysis of millions of online job postings, highlights five trends workers should watch.  While the longer-term impact to the job market of recent developments in China and the global stock markets have yet to be assessed, the job market is finally strengthening after years of slow recovery from… Read More →