Economy Archives

Comerica Bank’s Arizona Index Up in April

Grant Thornton Business Optimism Index

Comerica  Bank’s Arizona Economic Activity Index climbed slightly in April, rising 0.2 percentage points to a level of 95.0. The  April  index  reading  is  23.7 points, or 33 percent, above the index cyclical  low  of 71.3. The index averaged 87.2 points for all of 2012, 8.7 points above the average for full-year 2011. “Our  Arizona… Read More →

Home prices increase by most in 7 years

fulton

U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery. “The increase in the number of people looking for a new home often… Read More →

1 In 5 Americans Have Less Than $100 In Savings To Cover An Emergency – Infographic

Household Rainy Day Funds Still in Short Supply - Infographic
June 21, 2013 by in Banking | Economy | Finance | Infographics

The annual CashNetUSA survey of 1,000 Americans conducted by online lender CashNetUSA shows 22 percent of Americans have less than $100 in savings to cover an emergency expense while 46 percent report having less than $800. The survey documents a consistent percentage of individuals with varying socio-economic backgrounds living paycheck to paycheck again this year.… Read More →

Terminix Bringing 300 Jobs to Glendale

Westgate Entertainment District

iStar Financial announced today that Terminix, the world’s largest pest control provider, will open a new customer care center at Westgate Entertainment District in October that will bring as many as 300 jobs to Arizona and help invigorate activity within the office buildings of the Entertainment District. At 32,800 square feet, the deal is the… Read More →

GPEC targets international business executives

GPEC Forum
June 20, 2013 by in Business News | Economy

The Greater Phoenix Economic Council (GPEC) this week officially launched an international toolkit and forum series, called “Doing Business in Greater Phoenix, U.S.A,” with additional support from the City of Phoenix. The toolkit is designed to assist foreign companies with investment and expansion decisions in the United States and, specifically, the Greater Phoenix region. From… Read More →

Coalition Formed to Combat Proposed EPA Regulations

energy.bill
June 18, 2013 by in Business News | Economy | Energy | Politics

A group of Arizona business leaders and politicians announced that they have created a coalition to address proposed regulations on the Navajo Generating Station. The Arizona Coalition for Water, Energy and Jobs said in a press conference on Tuesday that regulations proposed by the U.S. Environmental Protection Agency, if implemented, will have an adverse effect… Read More →

Arizona lawmakers adopt sales tax overhaul

sales.tax

The Arizona Legislature adopted a major overhaul of the state’s complicated sales tax collection system in the final hours of the session Thursday night after a deal with cities and towns removed a major roadblock. Municipalities led by the League of Arizona Cities and Towns were able to hold off the overhaul after raising concerns… Read More →

CFOs Show Growing Confidence in U.S. Economy

Arizona Business Financing

During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy, according to the 2013 Spring CFO Survey from Grant Thornton LLP. The survey findings reveal that 45 percent of respondents believe the state of the U.S. economy will improve during the next six months, compared to just 31… Read More →

GPEC hosts forum with 4 new companies

GPEC Forum
May 28, 2013 by in Business News | Economy | Events

On May 29, the Greater Phoenix Economic Council (GPEC) will host a forum featuring some of its locates, or businesses that GPEC and its partners have assisted in expanding or relocating to the Greater Phoenix region. The companies, who have relocated or expanded from Minnesota, New York, Canada and the Netherlands, will discuss their decision… Read More →

Phoenix leads nation in home price increase

housing.prices

U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor’s/Case-Shiller home price index released Tuesday also showed that all 20 cities… Read More →

Restaurants serve super-sized economic impact

province.1

Think about the celebration that occurred after Arizona was awarded  the 2015 Super Bowl. Much of that excitement came because of the economic impact the Super Bowl will have on the state. But the restaurant industry in Arizona generates revenue equivalent to hosting two Super Bowls a month. “Restaurants are critical to Arizona’s visitor industry… Read More →

Tempe lands state's largest office development deal

Tempe Town Lake July 4th Festival

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month. State Farm will lease office space and anchor the multi-use development. “We are thrilled… Read More →

Tempe lands state’s largest office development deal

Tempe Town Lake July 4th Festival

The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month. State Farm will lease office space and anchor the multi-use development. “We are thrilled… Read More →

$2.2 billion Maricopa County budget advances

economic development - 8 honored

The Maricopa County Board of Supervisors has advanced a $2.2 billion budget proposal that would lower spending, reduce taxes and increase employee pay. Arizona’s most populous county plans to decrease its spending by $82.4 million next year. The proposed budget also includes the first employee pay increase in five years. The county employs about 13,000… Read More →