December 2008 Archives

Nonprofits And Corporations Continue To Work Together As The Economy Falters

Celebrity Fight Night
by in AZ Business Magazine | Economy

Ravaged by the effects of a devastating disease, boxing legend Muhammad Ali can still draw a crowd. Fans who remember the former heavyweight boxing champ in his prime as the handsome, graceful pugilist with the mile-a-minute mouth, still flock to catch a glimpse of this now frail man. That’s helped turn the annual Celebrity Fight… Read More →

Real Estate Companies Are Seizing Opportunities During The Bust

buyers market

With dark clouds hanging over the country’s economy and property prices tumbling, many people consider the idea of buying real estate absurd. Yet Valley real estate experts contend right now is the best time to buy. Jeff Pavone, principal of Commercial Plus in Scottsdale, says smart, experienced commercial real estate investors only buy property when… Read More →

Merl Waschler’s First Job

Merl Waschler

Merle Waschler President and CEO, Valley of the Sun United Way Describe your very first job and what lessons you learned from it. As a young adult in high school and my early college years, I worked at Greystone Park Psychiatric Hospital in my hometown state of New Jersey. I consider my time at Greystone… Read More →

David Watson Revolutionizes Tea Industry

Evolution Tea Team

Revolution Tea — the name of the company says it all. In the late 1990s, after watching a rise in tea plarity at his wife’s tea room in Scottsdale, Larry DeAngelis recognized that the tea industry would soon experience a transformation, and he wanted to get involved prior to the “revolution.” In 2001, he was… Read More →

Arizona Banks Work To Revive Consumer Confidence After Market Upheavals

working to revive customer trust
by in AZ Business Magazine | Economy | Finance

Bank failures are in the headlines and that has raised questions for Arizona consumers.  As a result, many of the state’s banks have drawn up their own plans of action to keep customers informed and confident. “In a period of financial distress and instability, the more banks do to indicate the strength of their portfolios… Read More →

State-Chartered Banks Are Still Lending Despite The Credit Crunch

Money Flow
by in AZ Business Magazine | Economy | Finance

The credit crunch is gripping much of the nation, but Arizona banks are still lending money and most are well-capitalized to weather tough economic times. The state’s core capitalization rate of 10.31 percent is well above the national average of 7.89 percent. That means Arizona banks have a good cushion to ride out the mortgage-induced… Read More →

What It Takes To Form A Nonprofit Or Tax-Exempt Organization

It usually starts with a phone call from a client, or maybe another attorney in your office. Someone wants to set up a nonprofit corporation, usually a tax-exempt charity, often on behalf of a pro-bono client, and assumes it should be pretty easy. Unfortunately, it’s not. First, “nonprofit” is not the same as “tax-exempt,” although… Read More →

Blood Systems Inc. Succeeds With A Delicate Balancing Act

Blood Systems Inc

When donating blood, many people probably only have a vague understanding of how the entire process works. Most donors certainly don’t understand how complex the mechanisms are that take blood to its final destination, or about the people who make it all happen. “The general public does not understand what goes on behind the walls… Read More →

Web 2.0 Offers Companies A New Way To Conduct Business

Web 2.0
by in AZ Business Magazine | Marketing | Tech

Those unable to offer a clear definition of Web 2.0 are not alone. Even computer industry experts have a hard time agreeing on exactly what it is. “The reason why there are so many different opinions is because the term is so comprehensive,”says James Windrow, director of interactive strategy for Scottsdale-based I-ology, an Internet strategy… Read More →

Higher Degrees Are Still A Solid Investment In Corporate America

ROI on mba

If ever there was a time for a Master in Business Administration to pay dividends, this is it. In a troubled economic climate, experts say businesses are more careful about who they hire. Having an MBA opens doors to jobs and salary levels otherwise out of reach, and it provides a layer of protection against… Read More →

Tips On How To Navigate The Current Credit Crunch

money squeeze
by in AZ Business Magazine | Economy | Finance

The credit crunch is making its way from Wall Street to Main Street and squeezing businesses across all industries. There are some proactive steps Arizona companies can take to prepare for potentially challenging days ahead. Cash is king If you have cash on your balance sheet, you have a greater degree of flexibility in your… Read More →

Wall Street’s Rescue Package Is Changing Tax Laws For Businesses

Wall Street Rescue 2010

The recent financial rescue package signed into law by President Bush on Oct. 3 contains not just $700 billion in federal assistance, but also a number of tax measures that are significant for Arizona businesses. Renewable energy tax incentives The renewable energy tax incentives extension was widely anticipated by the industry. Many states, including Arizona,… Read More →