Arizona Business Magazine May/June 2012
EVER-CHANGING ECONOMY
In 2007, when SRP commissioned its Metro-Phoenix Business Study, just 1 percent of those business owners and executives surveyed cited the economy as a challenge or obstacle they had to overcome in the previous two or three years. When the same study was released this year, 56 percent of the responses cited the economy as a major challenge that they had to be overcome. Times have changed. We’re entering a new, more optimistic, yet significantly more cautious era. Despite enduring a tumultuous four years, 50 percent of those businesses surveyed for the 2011 SRP study anticipate their financial position will improve in the next 12 months. This issue of Arizona Business Magazine reflects that simmering optimism. Our special report shows that manufacturing, technology, healthcare and bioscience are leading the charge in Arizona job growth. And our Arizona Energy Consortium supplement introduces you to the folks who are drafting a comprehensive and cohesive energy plan that will create a brighter future for Arizona literally and figuratively. We have sunny days ahead, and not just because we live in Arizona.
Michael Gossie, Managing Editor
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