Tag Archives: recession
The State’s Health Care Industry Is Strong, But The Recession Is Taking A Toll
Although I have only been in Arizona 11 years, St. Joseph’s Hospital and Medical Center has been providing high-quality care to Valley residents since 1895. And for the past century, St. Joseph’s has been known for two primary missions: Service … Continue reading
The Economic Recovery Begins In 2009, But It Will Be Slow Going
The national and state economies are expected to start feeling the effects of a recovery during the last quarter of 2009. However, the recovery over the next year will be slow, with unemployment continuing to rise and economic growth anemic … Continue reading
CEO Series: Rhonda Forsyth
Rhonda Forsyth President and Chief Executive Officer John C. Lincoln Health Network How would you characterize the health care industry in the Valley? When I think of health care for the Valley, for the most part we’ve been a growth … Continue reading
Non-Residential Building Feeling Effects Of Recession
Although non-residential building held up longer than residential activity in the current recession, the non-residential downturn now has started and is expected to continue into 2010. Non-residential building began to increase strongly at the beginning of 2006, just as residential … Continue reading
Infrastructure Companies Are Big Winners Under Plan To Jumpstart Economy
Construction companies, big and small, figure to be the primary beneficiaries of some $4.2 billion in federal stimulus money that will flow into Arizona in the months ahead. But economists and industry officials say businesses across the board will share … Continue reading
The Wave Of Bank Mergers Has Changed The State’s Financial-Services Landscape
The banking industry has plenty of troubles, but in Arizona, the least of its problems is the aftermath of recent mergers. Bankers and industry observers say the state’s financial-services landscape hasn’t significantly changed because of the consolidations. Other than the … Continue reading
Legal Arizona Workers Act Does Not Cause Expected Upheaval
In 2007, the state of Arizona made its first foray into “immigration reform” when it passed the Legal Arizona Workers Act. However, before the Legal Arizona Workers Act (LAWA) even became effective on Jan. 1, 2008, the Legislature went to … Continue reading
Credit Unions Were Well Capitalized Leading Into The Recession
Arizona credit unions are weathering the rocky economy fairly well, but not without some bumps and bruises along the way. More than 20 of the 55 credit unions in the state have seen their bottom lines slip into the red. … Continue reading
Q&A: Michael Bidwill, President, Arizona Cardinals
During these difficult economic times, how vital is an organization such as the Greater Phoenix Economic Council (GPEC) to the local economy? GPEC is vitally important because it is the only regional organization focused exclusively on bringing new business to … Continue reading
Arizona Businesses That Are Succeeding Despite The Recession Offer Lessons And Hope
Economists are the uncomfortable bearers of bad news. In recent weeks, they have been unhappily explaining that these are dark days indeed for Arizona’s business community. But don’t tell that to businesspeople who have uplifting stories to tell amid the … Continue reading
As Commercial Real Estate Sector Prepares To Be Hit By Recession, Leaders Should Become Proactive
The headlines today have focused on the bailout of the banking industry and the housing market’s severe contraction. Not a lot of attention has been paid to the commercial real estate sector. As with all business cycles, there is a … Continue reading
The Recession In Arizona And The Nation Could Drag On For Another Year
Winters in Arizona may be sunnier than other places, but the economy in the Grand Canyon State has cooled faster than almost every state. Analysts expect 2009 to bring even more bad economic news, and it is likely that the … Continue reading
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