Economy Archives

Census report shows record year for Arizona exports

Ducey

Preliminary data released this morning by the U.S. Census Bureau notes that Arizona’s 2015 exports were $22.56 billion, representing Arizona’s largest export year in recorded history. Additionally, Arizona exports were 6.2 percent higher than 2014, making it the 4th fastest growing export economy in the U.S. “These impressive trade figures are further evidence that Arizona is… Read More →

Greater Phoenix Chamber announces legislative priorities

Arizona Senate

The Greater Phoenix Chamber of Commerce’s 2016 priorities will focus on restoration of funding for Joint Technical Education Districts (JTEDs), campaign finance reform, pension reform for public safety and a balanced state budget. Serving as a unified voice for its 2,500 member businesses at each level of government, the Greater Phoenix Chamber of Commerce’s public affairs… Read More →

UBER signs #OpenAZ unity pledge in Arizona

#OpenAZ

Uber was one of the latest businesses to sign the Unity Pledge in support of full inclusion and equality in the workplace, housing, and public accommodations for all Arizonans, including LGBT community members. Uber joins over 1,500 businesses and organizations including the Arizona Diamondbacks, Professional Firefighters of Arizona, PetSmart, Yelp and Coca-Cola in supporting a… Read More →

Two Arizona cities in top 20 for best places to find jobs

jobs
by in AZ Business Magazine | Economy

Two Arizona cities made the top 20 in a listing of towns with a promising employment outlook in 2016, according to a national report released this week. The ranking by financial website WalletHub ranked Scottsdale as the 16th-best place to look for a job in the coming year with Chandler in 20th place, driven by… Read More →

Research shows economic value of closing college gaps

College_Plan

Increasing college-bound and graduation rates in Arizona could inject more than $660,000 per college graduate back into the state’s economy, according to a recent College Success Arizona report, released Wednesday. The research found by equalizing college-going rates, Arizona could gain more than $2.3 Billion per graduating class. “Intuitively, we understood that increasing educational attainment rates… Read More →

CEO concerns over global economy deepen

economy
by in AZ Business Magazine | Economy

Three fifths of global CEOs believe continuing economic uncertainty will lead to compromises in the ability of their organization to maintain high standards, threatening trust in their business and the companies they supply, according to a study commissioned by British Standards Institution. The study explored the top threats to organizational resilience, with macroeconomic uncertainty ranked… Read More →

State Farm plans to hire 1,000 new employees

Marina Heights rendering courtesy of DAVIS.

In the first half of 2016, State Farm plans to hire 1,000 employees in the greater Phoenix area, and will hold a job fair on Tuesday, Jan. 12 in Mesa. The insurance firm plans to add more employees as it expands in the Phoenix area throughout the year. State Farm announced earlier in January it… Read More →

Arizona earns big from major sporting events

Football on field with goal post

When Clemson and Alabama meet in Monday night’s College Football Championship, the two teams and their fans will be contributing to Arizona’s national reputation as America’s best sports tourism market. We have teams from four big-time professional sports that call Arizona home, one of which is playoff-bound and has the whole state buzzing. (I’ve told… Read More →

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 →