economy Archives

The Buzz on AZNow.Biz – October 12, 2010

Arizona Business Magazine's Editor-in-Chief Janet Perez
by in Columnist Spotlight | Economy | Finance

This week on AZNow.Biz, the University of Arizona’s McGuire Center for Entrepreneurship is making it easy for entrepreneurs and small business owners to expand their knowledge with three unique online certificate courses. Our personal finance columnist, Jacob Gold, writes about Americans putting more money into savings and how that benefits the economy. Plus, see some… Read More →

National Construction Employment Near 14-Year Low

Construction at an All Time Low
by in Economy | Finance | Real Estate | Workforce

The number of people working in construction is approaching a 14-year low now that the industry lost 21,000 jobs in September, while construction unemployment is at a September high of 17.2 percent, according to an analysis of federal employment figures released today by the Associated General Contractors of America. The construction industry continues to suffer… Read More →

CEO Series: Benito Almanza

Benito Almanza Arizona State President Company: Bank of America - AZ Business Magazine Sept/Oct 2010

Benito Almanza Title: Arizona State President Company: Bank of America How would you assess the banking industry’s reactions to the new financial reform law? What are the industry’s biggest concerns, particularly in regards to derivatives and less onerous regulation on small banks? Bank of America has generally supported reforms, including the formation of a new… Read More →

Newly Formed Arizona Commerce Authority Convenes Its Inaugural Board Meeting

Photo from Wikimedia Commons.
by in Blogs | Finance | Workforce

Vowing that “today the rubber hits the road,” Gov. Jan Brewer and Jerry Colangelo assembled and introduced 35 state leaders representing diverse backgrounds for the inaugural board meeting of the Arizona Commerce Authority. The private-sector board will work to align diverse assets and opportunities within the state to compete economically in both domestic and international… Read More →

Arizona’s Unemployment Rate Climbs In August

by in Economy | Workforce

Despite some gains in the governmental sector, the state’s unemployment rate for August rose one-tenth of a percent to 9.7 percent as private sector hiring was flat, according to the Arizona Department of Commerce. Usually, Arizona’s economy generates jobs in August, but last month only 28,000 jobs were created. That was still better than August… Read More →

Sustainability Is Possible In The Suburbs. Really.

Illustration of suburb with recycle logo
by in Columnist Spotlight | Green

Is it possible to build a sustainable suburb? The answer depends largely upon your perspective. Of course, sustainability is a word freely associated these days with eco-friendly building materials, alternative energy and “living off the grid,” and is usually used in conjunction with the concepts of urban living, light-rail and transportation-oriented development. However, some of… Read More →

Greater Phoenix Economic Forecast 2011: “Painfully Slow”

by in Economy | Real Estate

The economy may be better in 2011 than it was in 2010, but the road to full recovery will remain long and full of potholes. But hey, it could be worse. It could be 2009. That’s according to economist Elliott D. Pollack, CEO of Elliot D. Pollack & Company. Pollack was speaking at the Greater… Read More →

Elementary School Leaves A Small Carbon Footprint

Tartesso Elementary
by in Education | Featured | Green

Buckeye’s Tartesso Elementary School is receiving high marks, but it has nothing to do with the kids in the classroom. On Aug. 19, 2010, the United States Green Building Council awarded the 3-year-old school with a Leadership in Energy and Environmental Design (LEED) Silver Certification for sustainable building design. Tartesso, a part of the Saddle… Read More →

Nation’s Unemployment Rate Holds Steady

unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August
by in Economy

The nation’s unemployment rate was unchanged at 9.6 percent after the economy lost 54,000 jobs in August. The U.S. Bureau of Labor Statistics (BLS) reported today that government employment fell as a result of shedding 114,000 temporary workers hired for the Census. Private-sector payroll employment rose by 67,000. “The August jobs report, albeit tepid, does… Read More →

Flagstaff Tops The Nation In Percentage of Construction Jobs Lost

Flagstaff lost the highest percentage of construction jobs
by in Economy | Featured | Real Estate

Flagstaff lost the highest percentage of construction jobs between July 2009 and July of this year, as 276 of 337 metro areas nationally saw declines, according to the Associated General Contractors of America. Flagstaff lost 700 construction jobs, a 32 percent dip from last year. The Chicago-Joliet-Naperville area lost the most construction jobs — 32,900,… Read More →

Yoga Studio Is “Blissful” About Expanding And Being Eco-Friendly

Four women hanging upside down in yoga harnesses
by in Featured | Green | Healthcare

Expanding in a recession and going green – impossible? Not for Blissful Yoga in Glendale. The yoga studio is establishing three new studios in the next year while utilizing renewable materials and sustainable designs throughout the company. “In this economy, who knew, right?” says Carrie Clark, the operations manager and a yoga instructor at Blissful… Read More →

A Threat By The Cubs To Leave Arizona Has Cactus League Sites Scrambling

It appears the Chicago Cubs’ spring training facility will remain in Mesa - AZ Business Magazine Jul/Aug 2010

Update: It appears the Chicago Cubs’ spring training facility will remain in Mesa. Team officials recently notified a group from Naples, Fla., attempting to lure the Cubs to the Grapefruit League that they plan to continue to negotiate exclusively with the city of Mesa. Mesa, meanwhile, reportedly is looking at four sites for the new… Read More →

Three Things Building Owners Need To Know To Reduce Their Taxes

Three Things Building Owners Need To Know To Reduce Their Taxes - AZ Business Magazine June 2010

In today’s economy everybody is looking for ways to improve their cash flow, especially as it relates to real estate. Implementing tax-saving strategies is certainly a way to help cash flow in the current year, and in some cases these strategies will provide benefits for years to come. While there are numerous strategies for lowering… Read More →

GPEC Profile: Mike Tully, President And CEO Of AAA Arizona

Mike Tully President and CEO, AAA Arizona As president and CEO of AAA Arizona, Mike Tully has a keen interest in getting the state back on the road to prosperity. That probably explains why for the past seven years Tully, who joined AAA Arizona in 1998 as chief financial officer, has been a member of… Read More →