economic environment Archives

Don’t Count On The Current Gold Rush Lasting

light reflecting off gold bars
by in Columnist Spotlight | Finance

The recent economic recession forced society to relook at what we consider to be financial norms. What was considered reasonable several years ago is now unjustifiable based on today’s new standard. The comfort of having money in an actual wallet is greater than having a pricey purse to carry it in. It is possible that… Read More →

Now’s The Time For Business To Streamline And Maximize Cash

Now’s The Time For Business To Streamline And Maximize Cash

How do strategic growth-oriented organizations find and exploit the opportunities inherent in any downturn? Recently, Ernst & Young surveyed 3,100 entrepreneurs around the world to discover the actions entrepreneur-led companies are taking to remain on course during the current economic times. Contrary to what you may think, the survey found that today’s economic environment has… Read More →

Raising Capital In A Financial Drought Is Tough, But Not Impossible

money pile

In today’s turbulent economic environment, many companies are finding their cash flows temporarily reduced due to difficult business conditions. Less cash flow generated from operations can cause a working capital squeeze or make existing lenders uncomfortable and/or uncooperative, particularly if the company has violated a loan covenant or agreement. In the past year, we have… Read More →

Hospitals And Health Care Organizations Are Making Tough Decisions To Ride Out The Recession

Hospitals And Health Care Organizations Are Making Tough Decisions To Ride Out The Recession

After a decade of significant growth, the Valley’s health care industry has become an economic driver for the state. During this severe economic downturn, however, the health care industry busted the myth of being recession proof. But that doesn’t mean it’s recession battered. Health care organizations have weathered the economic turmoil better than most industries… Read More →

CEO Series: Keith Maio President and CEO National Bank of Arizona

Keith Maio President and CEO National Bank of Arizona

Keith Maio President and CEO National Bank of Arizona Assess the current state of the banking industry in Arizona. It looks pretty tough. The economic environment is difficult. What we deal with in Arizona is that we have a real estate-dominant economy, so many of the local banks are heavy in real estate lending. And… Read More →