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Latest Posts - Economy
Coalition Formed to Combat Proposed EPA Regulations
A group of Arizona business leaders and politicians announced today that they have created a coalition to address proposed regulations on the Navajo Generating Station. The Arizona Coalition for Water, Energy and Jobs said in a press conference today that regulations proposed by the U.S. Environmental Protection Agency, if implemented, … [Continue Reading]
Arizona lawmakers adopt sales tax overhaul
The Arizona Legislature adopted a major overhaul of the state’s complicated sales tax collection system in the final hours of the session Thursday night after a deal with cities and towns removed a major roadblock. Municipalities led by the League of Arizona Cities and Towns were able to hold off … [Continue Reading]
CFOs Show Growing Confidence in U.S. Economy
During the past year, chief financial officers (CFOs) have grown significantly more confident in the U.S. economy, according to the 2013 Spring CFO Survey from Grant Thornton LLP. The survey findings reveal that 45 percent of respondents believe the state of the U.S. economy will improve during the next six … [Continue Reading]
GPEC hosts forum with 4 new companies
On May 29, the Greater Phoenix Economic Council (GPEC) will host a forum featuring some of its locates, or businesses that GPEC and its partners have assisted in expanding or relocating to the Greater Phoenix region. The companies, who have relocated or expanded from Minnesota, New York, Canada and the … [Continue Reading]
Phoenix leads nation in home price increase
U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The Standard & Poor’s/Case-Shiller home price index released Tuesday also … [Continue Reading]
Restaurants serve super-sized economic impact
Think about the celebration that occurred after Arizona was awarded the 2015 Super Bowl. Much of that excitement came because of the economic impact the Super Bowl will have on the state. But the restaurant industry in Arizona generates revenue equivalent to hosting two Super Bowls a month. “Restaurants are … [Continue Reading]
Tempe lands state’s largest office development deal
The City of Tempe announced today that Ryan Companies US, Inc. and Sunbelt Holdings will develop a site owned by Arizona State University adjacent to Tempe Town Lake, subject to City Council approval of development agreement details in the coming month. State Farm will lease office space and anchor the … [Continue Reading]
$2.2 billion Maricopa County budget advances
The Maricopa County Board of Supervisors has advanced a $2.2 billion budget proposal that would lower spending, reduce taxes and increase employee pay. Arizona’s most populous county plans to decrease its spending by $82.4 million next year. The proposed budget also includes the first employee pay increase in five years. … [Continue Reading]
Phoenix, Buckeye high among top population gainers
Two Arizona municipalities rank among the fastest-growing U.S. cities and towns during the year that ended last July 1. The Census Bureau reports that Phoenix had the sixth-largest population increase in terms of numbers, increasing its population by nearly 25,000. Phoenix’s estimated population last July 1 was just under 1.5 … [Continue Reading]
Tax reform aims to help small businesses
During the State of the Union address, President Obama said that tax reform is a key issue for small businesses today. Specifically, the president stressed that many small businesses are overwhelmed with administrative tasks associated with tax filing and deserve the opportunity to focus on strategic areas of their business … [Continue Reading]
Rebound for Arizona and U.S. Slows Down
Jobs, home prices and population growth are all slowly rebounding in Arizona. However, experts from the W. P. Carey School of Business at Arizona State University say we still have a long way to go, and the automatic federal budget cuts known as the sequester aren’t helping our momentum. The … [Continue Reading]
Sales up, income down
Reading the latest business news, you might be surprised to find articles highlighting large corporations with increasing sales and decreasing income. This prompts the question, how is it possible for a company to sell more but make less? Business managers often assume if the company can increase its sales, it … [Continue Reading]