arizona economy Archives

Arizona economy rising, report shows


Phoenix and the broader Arizona economy are expanding again after an extremely difficult recession, although growth will be more modest than the boom times of a decade ago, according to a report released today by BMO Economics. The labor market is a bright spot, with the city remaining consistent in its job growth performance.  “The… Read More →

68-Unit Apartment Community in Mesa Sells for $4M

by in Brokerage | Business News

    Cassidy Turley completed the sale of Country Club Greens, a 68-unit apartment community on 2.4 acres at 350 W. 13th Place in Mesa for $4M. The buyer was Clear Sky Capital CCG L.P. of  Phoenix and the seller was California Bank & Trust. Executive Vice Presidents David Fogler and Steven Nicoluzakis with Cassidy… Read More →

Nearly $1 billion infused into Arizona’s economy from universities’ research

by in Business News | Economy | Tech

Last year, nearly $1 billion was infused into Arizona’s economy as a result of research at Arizona’s public universities, according to the recently released Arizona Board of Regents 2011 research report. The report details research expenditures as well as the economic, social and scholarly impact that results from research in the Arizona University System, indicating… Read More →

Father-Son Bank On Arizona Business

Biltmore Bank - AZ Business Magazine May/June 2012

Family-built Biltmore Bank of Arizona has assets totaling more than $260 million The Lehmann family has a lot of baggage. “When I finished grad school back in 1969, I got two job offers,” says Richard J. Lehmann. “One was with Ford Motor Company; the other with Citibank.” The banking gig, however, meant moving to Europe,… Read More →

GPEC: Plans To Revive The Economy

Graph 1

Look past the Valley’s long, slow climb out of a difficult recession to the next 10, 20, even 100 years and you see a potential hotbed of wealth and productivity: a regional economy that has diversified from its traditional reliance on growth and housing. That’s the vision painted by board members and financial supporters of… Read More →

GPEC Leads Cooperative Effort To Draw More ‘Clean Tech’ Industry To Arizona

GPEC - AZ Business Magazine January/February 2012
by in AZ Business Magazine | Economy | Tech

Insight into innovation: GPEC leads cooperative effort to draw more ‘clean tech’ industry to Arizona Green technology is still a relatively small part of Arizona’s economy, but its potential for growth is a bright spot on the state’s horizon. “At a time when other economic engines have been sputtering, anticipated green job growth among Arizona’s… Read More →

Centennial Series: Arizona’s History Impacts The Way We Live Our Lives

Centennial Series - AZ Business Magazine January/February 2012

100 Years of Change: From ‘Sesame Street’ to scientific breakthroughs, Arizona’s history impacts the way we live our lives During Arizona’s first century, every elementary school student in the state learned about the five Cs that drove Arizona’s economy — copper, cotton, cattle, citrus and climate. There is a chance that if you ask Arizona… Read More →

Legislation to help re-establish Arizona as an economic leader

arizona flag 2011
by in Economy

Gov. Jan Brewer today called the Legislature into Special Session for the consideration of a comprehensive plan to put Arizona back to work. Known as the Arizona Competitiveness Package, the proposal includes a mix of targeted business incentives and broad tax reforms designed to rev the Arizona economy. “The Competitiveness Package will make Arizona a… Read More →

3Q Figures Upbeat For Office, Industrial & Retail Market Sectors

3rd Quarter Figures Upbeat for Retail and Market Sector
by in Economy | Finance | Real Estate

The Arizona economy has marked some improvement and is much better than the public perceives, according to the Third Quarter 2010 Economic Outlook released by the Forecasting Project at the University of Arizona. However, the report also states that will it will take some time for many Arizonans to recognize the improvement in the state’s… Read More →

Fewer Jobs Will Be Lost This Year, But Growth Will Remain Slow In 2011

by in Economy | Featured

In an updated forecast released today, the Arizona Department of Commerce Forecast reports that the state’s nonfarm job losses for 2010 have been revised downwardly. The department now forecasts that the state’s economy will lose 25,700 jobs this year, as opposed to the 50,400 originally forecast. However, the department also revised its forecast on how… Read More →

Ready For Take Off: Luke’s Future In The West Valley Is Assured

Luke’s Future In The West Valley Is Assured - AZ Business Magazine Jul/Aug 2010
by in Economy | Featured | Tech

Luke Air Force Base has landed the coveted mission of training pilots for the next generation F-35 fighter jets. Luke was on the Defense Department’s short list, competing with Holloman Air Force Base in New Mexico, and Eglin Air Force Base in Florida, for the F-35. Actually, Luke was shooting for becoming a secondary site… Read More →

Green News Roundup – Alternative Energy, USAEnergyGuide & More

USA Energy Guide
by in Blogs | Economy | Green

I’m always on the lookout for developments in the local sustainability industry. USAEnergyGuide was started by three Arizona entrepreneurs passionate about the environment. Realizing that rebate and tax incentives are hard for consumers to navigate, they jumped at the opportunity to create a site that would be simple and user-friendly. Originally only for Arizona residents,… Read More →

As The Valley And State’s Hospitality Industry Has Grown So Has Its Contribution To The Economy

As The Valley And State’s Hospitality Industry Has Grown So Has Its Contribution To The Economy

Tourism is a vibrant and diverse industry, and I have been fortunate to be part of it for the past 25 years. This exciting industry encompasses culture, history, natural wonders, state parks, sports, resorts, spas, restaurants and shopping. And it’s supported by a variety of other industries such as laundry services, food services and transportation… Read More →

The Recession In Arizona And The Nation Could Drag On For Another Year

Dark Days: Recession in Arizona

Winters in Arizona may be sunnier than other places, but the economy in the Grand Canyon State has cooled faster than almost every state. Analysts expect 2009 to bring even more bad economic news, and it is likely that the monthly reports on job growth and unemployment will be downright chilling for some time to… Read More →