Economy Archives

Phoenix Housing Shortage Coming?

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The Phoenix area could soon see another shortage of homes for sale, like the one it endured from 2012 to 2013. According to a new report from the W. P. Carey School of Business at Arizona State University, very weak demand is masking the fact that relatively few homes are coming onto the market for… Read More →

Sprouts moving HQ to North Phoenix

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Sprouts Farmers Market, Inc. (Nasdaq:SFM), one of the fastest growing retailers in the country, today announced it will be moving to a new corporate office to accommodate the company’s growth. The new headquarters at The Offices on High Street (formerly known as CityNorth) will be located at 5455 E. High Street in Phoenix. The company’s… Read More →

Arizona Office of Tourism Partners With Buxton

Grand Canyon Adventures - EAZ Fall-Winter 2012

The Arizona Office of Tourism (AOT) is partnering with Fort Worth-based Buxton to develop in-depth profiles of Arizona visitors, at both the state and regional levels. Buxton’s visitor profiling capabilities will help AOT leaders to: * increase marketing campaign return on investment, * better understand visitor potential, * expand the impact of tourism on local… Read More →

DOI decision keeps Glendale casino plan alive

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The Tohono O’odham Nation says the U.S. Department of the Interior has reaffirmed its decision that the tribe’s property lies within unincorporated Maricopa County. Tribal officials say that’s a key requirement for taking the land into trust. They still hope to build a massive resort and casino on the edge of Glendale and have been… Read More →

Phoenix eyes Mexico City Trade Office

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The Phoenix City Council on Tuesday unanimously voted to move forward with plans to partner with the Arizona Commerce Authority to open an Arizona Trade Office in Mexico City. “Phoenix is taking the right steps to become a global city, and we’re ready to open our first trade office in Mexico City,” said Mayor Greg… Read More →

Freeport-McMoRan Completes Acquisition in Gulf of Mexico

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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced that its oil and gas subsidiary, Freeport-McMoRan Oil & Gas (FM O&G), has completed the previously announced acquisition of certain part of Apache Corporation’s (Apache) (NYSE, Nasdaq: APA) interests in the Deepwater Gulf of Mexico (GOM). Following the exercise of preferential purchase rights by other working interest… Read More →

Mobile Mini Completes 3 Acquisitions

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Mobile Mini, Inc. (Nasdaq GS:MINI) announced it has completed the purchase of the assets and operations of two portable storage businesses with operations in Connecticut, Memphis, Tennessee and Dallas, Texas. Financial terms of the transactions were not disclosed. “We continue to execute on our strategy of making acquisitions in growth markets where we can acquire… Read More →

Each Class of Dropouts costs Arizona $7.6B

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The more than 18,000 Arizona students who dropped out of high school this year will produce $7.6 billion less economic activity over their lifetimes than if those same students had graduated, according to a new report by the Arizona Mayors Education Roundtable. Cutting the dropout rate in half would generate $3.8 billion more in economic… Read More →

Limelight turns down $644 million buyout offer

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Tempe-based Limelight Networks, a global leader in digital content delivery, today announced that it has received an unsolicited offer to purchase the company from an entity that management believes is a non-credible source. Under the proposal, first reported by media outlets, then confirmed via phone and follow up email, on June 13, Tuition Build Inc.… Read More →

Big Increases Unlikely for Phoenix Housing Market

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The Phoenix-area housing market has officially rebounded from artificially low recession levels, and we’re unlikely to see any more big price increases this year. That’s according to a new report from the W. P. Carey School of Business at Arizona State University. Here are the latest details about Maricopa and Pinal counties, as of April:… Read More →

Arizona lands 13 companies on Fortune 1000 list

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Five Arizona-based companies made this year’s Fortune 500 list and another eight companies made the Fortune 1000 list. Texas, New York and California have the most Fortune 500 companies. Here are the Arizona companies that made the list and their rankings: Avnet Inc. (#117) Freeport McMoRan Copper & Gold Inc. (#143) Republic Services Inc. (#325)… Read More →

ASU and SRP Help Small Businesses

Small Business Leadership Academy: Lauri Leadley

Small businesses play a key role in our economy, creating jobs and helping our community. The W. P. Carey School of Business at Arizona State University is offering a program to help small business owners and executives learn how to improve efficiency, streamline operations and raise profits. The seventh annual Small Business Leadership Academy is… Read More →

Goodyear is U.S.’ 6th fastest-growing city

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The city of Goodyear is the sixth fastest-growing city in the United States, according to rankings released by the U.S. Census Bureau on Thursday. The Census Bureau ranked the top 15 fastest-growing cities in the U.S. with San Marcos, Texas coming in as No. 1. The town of Gilbert, which came in at No. 12,… Read More →

Mobile job-search office hits the road

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St. Joseph the Worker (SJW) has taken its successful job-development program for homeless, low-income and disadvantaged individuals on the road with the Mobile Success Unit, the Valley’s first mobile job-search office. The private non-profit organization has outfitted a renovated 39-foot, 2003 Newmar Kountry Star RV with four computers and desk space for clients to use… Read More →