Economy Archives

Villages at Vigneto to create $23.8B in economic impact

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

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

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

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

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?

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

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

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 →

Economists optimistic Arizona economy will continue to grow

Deloitte Report Reveals Mid-Market Companies Expect U.S. Economic Growth, Nation’s Economy

Arizona continues to recover, with industries such as business services, educational services, leisure and hospitality leading the way. That was just one of the positive signs that emerged from Economic Outlook 2016, presented by the Greater Phoenix Chamber of Commerce and Cox Communications. Nearly 825 business leaders attended the 33nd annual event at the Arizona… Read More →

Arizona beer has an economic kick in terms of jobs, taxes

beer

When Rob Fullmer, the executive director of the Arizona Craft Brewers Guild, says “everything is improved by the presence of a brewery,” he’s talking about the economic buzz it brings and not the alcoholic kind. “Anytime you can put a business between two breweries, you’ll see a much more foot traffic in that area, and… Read More →

PAC Worldwide expands to west Phoenix

PAC Worldwide, a manufacturer of flexible protective packaging, has opened a second manufacturing location in the United States with a new location in Phoenix. A privately held company based outside of Seattle, PAC Worldwide also has manufacturing and distribution facilities in Ohio, Mexico and Malaysia. “PAC is excited to expand manufacturing to the West Coast,”… Read More →

WESTMARC turns West Valley into healthcare hotbed

There was a time when many West Valley residents had to travel to downtown Phoenix or the East Valley for specialized healthcare services and treatments. Times have dramatically changed. “Whether it’s specialized pediatric care, trauma care, cutting-edge heart care, or state-of-the-art cancer care, you can find some of the leading providers of those services in… Read More →