Economy Archives

Taxpayers could see smaller state tax refunds

taxes

H&R Block, the world’s largest consumer tax services provider, says taxpayers in about one in four states are not able to use certain federal tax breaks to benefit their state returns. Although Congress extended popular expired tax breaks in December, 12 states have not passed legislation recognizing those changes on their state tax return. These… Read More →

Super Bowl generates record revenues for hotels

football

In addition to being the most-watched televised event of all time, Super Bowl XLIX generated unprecedented revenues for metropolitan Phoenix’s hotel industry. According to Smith Travel Research, revenue per available room (RevPAR), a key indicator of hotel performance, spiked at $324.87 for metro Phoenix on Jan. 31, the day before the Super Bowl. That’s the… Read More →

Toby Keith’s hiring more than 100 workers

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Phoenix-based Boomtown Entertainment, the parent company of Toby Keith’s I Love This Bar & Grill, announced a job fair for the near opening of its 15th location at High Street, formerly known as City North. Boomtown Entertainment is scheduled to open at High Street in March and will staff more than 100 positions for its newest Toby Keith’s I… Read More →

Phoenix home prices rose 5 percent in 2014

housing.prices

The final numbers are out for 2014, and the median single-family-home prices in the Phoenix area officially went up 5.4 percent. That’s according to the latest monthly report from the W. P. Carey School of Business at Arizona State University. Here are the highlights of that report on Maricopa and Pinal counties, as of December:… Read More →

BMO: Arizona economy will accelerate in 2015

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth

Arizona’s economy should pick up in 2015, with expected GDP growth of 3.5 percent, just ahead of the national average and an improvement from the expected 2.5 percent in 2014, according to the bi-annual U.S. State Monitor Report from BMO Economics. Steady population growth and job growth in the high-tech market will also help lead… Read More →

Apple plans $2B expansion in Arizona, Ducey says

ade statewide data system

Governor Doug Ducey announced Monday that Apple will be expanding in Arizona, with a $2 billion investment in Mesa on a command center for the company’s global networks — representing one of the company’s largest investments in history. Apple said it will invest $2 billion over 10 years to open a data center in the Phoenix… Read More →

UA Arthritis Center gets $6.1M grant

pharmaceuticals

Researchers at  the University of Arizona Arthritis Center at the UA College of Medicine – Tucson are working to identify treatments to slow the progression of osteoarthritis (OA), supported by a recent $6.1 million, five-year grant from the National Institute of Arthritis and Musculoskeletal and Skin Diseases of the National Institutes of Health. The most common cause… Read More →

ACG will honor Arizona ‘Deal of the Year’

123RF.com, Copyright: valeriylebedev

The significant business (M&A) transactions that occurred in Arizona in 2014 are about to receive the recognition they deserve.It’s the “Deal of the Year,” an award given by the Arizona Chapter of the Association for Corporate Growth (ACG), to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction.  The award… Read More →

Arizona Commerce Authority awards grants to innovators

The Arizona Commerce Authority (ACA) today announced the six winning companies in its Fall 2014 Arizona Innovation Challenge (AIC). These grant recipients represent innovative Arizona entrepreneurs who are creating technological solutions with the potential for global impact. The Fall 2014 Arizona Innovation Challenge Grant Recipients are: ·       Iris PR Management – Phoenix, AZ (IT –… Read More →

All In hosts 3 days of Super Bowl parties

poker

The poker, fantasy sports and eSports experts at ALL IN Magazine are hosting three unique parties throughout Super Bowl weekend at one of the most elite private estates in Paradise Valley, AZ. The business objective is to solidify ALL IN as a premier brand and to deliver an experience that their fans appreciate. To accomplish… Read More →

AZ Big Media launches elite job board

jobs

To help aid in the surging job market and provide like-minded employers and employees with a direct link to each other, AZ Big Media has launched a free job board. “We wanted to provide the best businesses in Arizona with access to the most elite, business-minded employees in Arizona,” said Mike Atkinson, president and CEO… Read More →

GPEC names Chris Camacho new CEO

Chris_Camacho-biopic

The Greater Phoenix Economic Council (GPEC) Board of Directors unanimously selected Chris Camacho as the organization’s fourth president and CEO during a special meeting today. Camacho has served as executive vice president of GPEC since joining the organization in 2008. He oversaw the organization’s top line performance measures, including domestic and international business development and… Read More →

Stanton: Super Bowl showcases re-branded Phoenix

phoenix

In the midst of the Super Bowl excitement, Mayor Greg Stanton and the city’s Community and Economic Development Director Christine Mackay have unveiled a new campaign to send a clear message: Phoenix is hot for new economic opportunity. “We are about to welcome more than 1 million people to our city, and it’s important that… Read More →

The cost to attend the Super Bowl in Glendale

football

Unlike alleged Foxboro footballs, ticket and travel costs to pro football’s championship game did not deflate over the weekend.  They went up. Before the conference championship games took place, the average game ticket to Glendale cost $3,374, according to TiqIQ.  Now, the average ticket price is $4,174.50.  That price is only around 2 percent higher… Read More →