This Weekend: Valley Drivers Test Out EVs and Learn Benefits to Switching to Electric

SRP

With gas prices at a premium, there is no time like the present for Valley drivers to consider the switch to an electric vehicle (EV). Media are invited to meet with SRP EV experts and EV drivers on April 2 at the ASU Tempe campus or April 3 at the ASU Polytechnic campus where community members will be talking one-on-one with EV owners, learning about their experiences owning … [More]

Surging Mortgage Rates and Home Prices Sideline More Buyers, Says Report

Redfin

Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500 since the beginning of this year. That’s according to a new report from Redfin, the technology-powered real estate brokerage. As rates quickly approach 5%, we expect their impact on homebuyer demand to change from a motivator—driving a … [More]

Arizona Becomes 3rd State to Provide In-Home Continuous Care for Loved Ones

inbusinessPHX.com

For most families with medically fragile children, parents are forced to stop working to provide necessary medical care, forgoing income in exchange for their child's safety. But that will all change for Arizona residents in April 2022, thanks to the newly-passed Family Licensed Health Aide (FLHA) Program. Under the Family Licensed Health Aide Program, parents … [More]

Velosio Acquires Phoenix-Based Silverware Inc.

inbusinessPHX.com

Ohio-based Velosio announced today that it has acquired Silverware Inc., a leading Microsoft Partner focused on Dynamics 365 Business Central with specialization in the Agribusiness sector. Terms of the transaction were not disclosed. Silverware was founded in 1988 and is currently headquartered in Phoenix, Arizona.  The company is a Microsoft Gold Partner and CSP, employs … [More]

Decisions! A 7-Step Process to Help Entrepreneurs to Make Good Choices

by Edgar R. Olivo

Entrepreneurs make a lot of daily decisions to lead their business to success. Some decisions are so simple that the entrepreneurs are barely aware they are making them, while others are time-consuming, high-risk, and can leave them feeling anxious. Decisions can make or break a project or an entire business. And they often involve complex and unpredictable interpersonal … [More]

EN NEGOCIOS: ¡Decisiones!: Un proceso de 7 pasos para ayudar a los emprendedores a tomar buenas decisiones

por Edgar R. Olivo

Los emprendedores toman muchas decisiones diarias para llevar su negocio al éxito. Algunas decisiones son tan simples que apenas se dan cuenta de que las están tomando, mientras que otras requieren mucho tiempo, son de alto riesgo y pueden hacer que se sientan ansiosos. Las decisiones pueden hacer o deshacer un proyecto o un negocio completo. Y a menudo también involucran … [More]

U.S. Hiring Spree Continues in March, Employment Rose by 431,000

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 431,000 in March, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains continued in leisure and hospitality, professional and business services, retail trade, and manufacturing. This news release presents statistics from two monthly surveys. The household survey … [More]

Suite of Free Resources to Help Small Businesses Released by SBA

U.S. Small Business Administration

The Small Business Digital Alliance (SBDA), a new public-private co-sponsorship between the U.S. Small Business Administration (SBA) and Business Forward, Inc., published a comprehensive suite of free resources to help small businesses expand their customer base, manage their growth, find and retain talent, and enter new markets. These resources are being provided by some of … [More]

Chase Field Adds Some New Food Concepts This Season

inbusinessPHX.com

The Arizona Diamondbacks are proud to welcome Black Rock Coffee, Chick-fil-A, Crèmily, Scoopwell’s Dough Bar and Zoyo Neighborhood Yogurt to Chase Field, along with the addition of new technology powered by SpotOn that promises to increase point of sale transaction speed for the 2022 D-backs season. “Each year, our goal is to raise the bar for fan experience and choices,” … [More]

Arizona Exports Rebound in 2021, Near Full Recovery

Arizona Commerce Authority

Exports from Arizona companies climbed by over 20% in 2021, reaching near record levels set prior to the pandemic and signaling renewed strength in Arizona’s economy. Exports reached $24.1 billion last year, an increase from $19.8 billion in 2020 and just under the $24.6 billion mark set in 2019. Semiconductor exports saw a 50.5% rise, reaching $4.2 billion, the 4th highest in … [More]

Home Flips Increase But Profits Decline across U.S. in 2021

inbusinessPHX.com

ATTOM, a leading curator of real estate data nationwide for land and property data, today released its year-end 2021 U.S. Home Flipping Report, which shows that 323,465 single-family homes and condos in the United States were flipped in 2021. That was up 26 percent from 2020, to the highest point since 2006. The report reveals that the number of home flips in … [More]

March Home Prices Hit $405,000 for the First Time Ever, Says Report

inbusinessPHX.com

Home prices hit $405,000 for the first time ever in March, but data reveals there is some hope on the horizon for pandemic-era buyers. With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this summer, according to the Realtor.com® Monthly … [More]

Equal Employment Opportunity Commission to Add Nonbinary Gender Option

U.S. Equal Employment Opportunity Commission

The U.S. Equal Employment Opportunity Commission (EEOC) announced today that it will promote greater equity and inclusion for members of the LGBTQI+ community by giving individuals the option to select a nonbinary “X” gender marker during the voluntary self-identification questions that are part of the intake process for filing a charge of discrimination. This announcement … [More]

Study Looks at Attitudes Toward Plastic, Sustainability and Climate Change

inbusinessPHX.com

Footprint, a global materials science technology company focused on creating a healthy planet, today released the results of a multi-country research study examining consumer attitudes toward single-use plastics and the expectations they have of brands and retailers to provide more sustainable options. The study, which was conducted by Wunderman Thompson Intelligence on behalf … [More]

Arizona Couple Donates Collaborative Research Building to Mayo Clinic

by Jim McVeigh

Thomas R. and Ruth Ann Hornaday of Paradise Valley, Arizona, have donated the Collaborative Research Building to Mayo Clinic. The 110,000-square-foot biomedical research facility, which opened on Mayo Clinic's Scottsdale campus in 2005, is valued at $64.4 million. The Collaborative Research Building houses laboratory-based research activity at Mayo Clinic in Arizona. Mayo … [More]

COVID-19 Emergency Declaration Ends after Two Years

State of Arizona Office of the Governor

Governor Doug Ducey is terminating the state’s COVID-19 Declaration of Emergency based on the state reaching thresholds established by the Arizona Department of Health Services that show the virus is no longer as widespread as it once was. The termination takes effect immediately, and follows the recent signing of Senate Bill 1309, providing an extension of temporary … [More]

PowerPhotonic Inc. Signs Lease with Town of Sahuarita for Its First U.S. Headquarters and Manufacturing Facility

inbusinessPHX.com

PowerPhotonic, a leader in design & manufacture of wafer scale optics for advanced lasers and optical systems and headquartered in Dalgety Bay, Scotland, UK, as part of its continued expansion into North America, has announced that its U.S. subsidiary has signed a long-term lease for manufacturing facilities and U.S. headquarters in the Sahuarita Advanced Manufacturing and … [More]

Phoenix Hits the Top 5 in Small Business Wage Gains

by Eric Jay Toll

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ Community and Economic Development Metro area average weekly earnings approached $993, just shy of the western states’ average of $1,036. Phoenix’s average small business hourly wage climbed 5.1 percent to $29.70 when comparing March 2022 to March 2021, ranking seventh among metropolitan … [More]

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