Barrett-Jackson’s 2022 Scottsdale Auction Breaks Records, Reaching 16 Million Viewers

inbusinessPHX.com

Barrett-Jackson, The World’s Greatest Collector Car Auctions, hosted its highest-grossing and most successful auction in its 50-year history with over $203.2 million in auction sales during its 2022 Scottsdale Auction, January 22-30, at WestWorld of Scottsdale. In addition to this record-setting auction, A+E Networks’ broadcast of Barrett-Jackson LIVE on FYI and The HISTORY … [More]

Number of U.S. Homeowners in Negative Equity Dropped to Lowest Level in Over 12 Years

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report for the fourth quarter of 2021. The report shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 29.3% year over year, representing a collective equity gain of over $3.2 … [More]

Shamrock Foods Celebrates 100 Years in Business

inbusinessPHX.com

Known best by locals for the Shamrock Farms milk once delivered to doorsteps by milkmen, to today featuring a multitude of farm-fresh dairy products in grocery aisles and beyond, Shamrock Foods Company is celebrating 100 years as an Arizona business mainstay. The 100th celebration kicked off with an official State of Arizona Commendation, city of Phoenix proclamation and a … [More]

Credit Union Expands across Arizona through Acquisition of Bank

inbusinessPHX.com

Arizona Federal Credit Union announced that it has entered into a definitive agreement to acquire Horizon Community Bank, an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona and wholly-owned subsidiary of Horizon Bancorp, Inc.  Horizon Community was founded in 2002 and currently operates six branches in Fort Mohave, Kingman, Lake Havasu City, Mesa, Parker … [More]

Nestle’s Greater Phoenix Project Gets a Boost

by Adriana Marinescu

Nestle USA has big plans for a manufacturing plant in Glendale, Ariz.—and they have the local authorities’ support to go along with it. During a March 8 meeting, the Glendale City Council unanimously approved the 139-acre development site’s inclusion in a Foreign-Trade Zone, which are designated areas exempt from U.S. Customs rules and regulations. The inclusion … [More]

WEBINAR – Mar 22: Understanding the Business Model Canvas

Rick McCartney

UPCOMING SESSIONS Please join us for the upcoming Small Business Boot Camp virtual webinars and workshop. If you missed any sessions this week, watch here. Understanding the Business Model Canvas 03/22/2022 | 9:00 AM Hear from the North Phoenix Chamber of Commerce experts to learn about the Business Model Canvas, a strategic management tool for … [More]

Their Take: Corporate Education Tax Credits Are a No-Brainer

by Chad Bays

With April tax deadlines looming for individuals and families, there is still time to attribute your tax credits to any number of very noble local nonprofits. Whether it an organization that focuses on food insecurity, healthcare, child development or for many of us, supporting K-12 education, the ability to give of your tax credits makes a huge impact each year. But for … [More]

World-Class 7-Story AVE Phoenix Terra Apartments Going Up in Downtown Phoenix

inbusinessPHX.com

Korman Communities, in partnership with RXR, has completed the purchase of its first property in the Phoenix market. The brand new, 348-unit, seven-story, professionally managed, Class A property boasting 60,000 square feet of amenity space, AVE Phoenix Terra, offers a unique flexible-stay living solution in Downtown Phoenix. “We are focused on growing our AVE portfolio of … [More]

Greater Phoenix Workforce Filled More Than 2.3 Million Jobs in January 2022

inbusinessPHX.com

Greater Phoenix added 91,300 jobs over the past year from January 2022 compared to January 2021 for a good start to the year as reported in the March Employment Report from the Arizona Office of Economic Opportunity. The number of people in the Greater Phoenix workforce filled over 2.3 million jobs in January 2022. Hiring in the business professional, technical and … [More]

Matthew P. Feeney to Step Down as Snell & Wilmer Chair, Barbara J. Dawson Named as Successor

inbusinessPHX.com

Snell & Wilmer announced today that firm Chair Matthew P. Feeney will step down from the position in the spring of 2023. Having taken the helm in 2015, Feeney has led the firm through extraordinary growth in recent years, including strategic expansion into the Pacific Northwest, Texas, and Washington, D.C. Barbara J. Dawson, who serves on the firm’s Executive and … [More]

Phoenix Company Launches First-Ever Pay-It-Forward Marketplace

inbusinessPHX.com

Officially launching today, Oana is a pay-it-forward marketplace™ that enables purposeful sharing of goods and services within private groups and personal networks. Headquartered in Phoenix, AZ, Oana was co-founded by Maggie Fearnow and Tom Hutchison, longtime friends who were frustrated by the lack of options for sharing resources within known social groups, without … [More]

Gilbert Tech Co. Wins Startup Showdown

inbusinessPHX.com

Abstrakt Corp announced that the company won a $120,000 investment from Panoramic Ventures for winning Startup Showdown, a competition for entrepreneurs designed to showcase and fund early-stage technology companies. Startup Showdown has thousands of companies apply to the pitch competition then narrows it down to 25 semifinalists, with only 5 companies making it … [More]

Diamond Age Raises $50 Million to Advance Robotic Home Construction System and Go to Market

inbusinessPHX.com

Diamond Age, a Phoenix-based full-stack robotics startup that is automating new home construction to make home ownership more affordable, raised a $50 million Series A round led by Prime Movers Lab. Seed investors Alpaca VC, Dolby Family Ventures, Timber Grove Ventures, and Gaingels all invested above their pro-rata and are joined by Signia Venture Partners. Additionally, 20% … [More]

Inflation Rose 7.9% in February, Highest in More Than 40 Years

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. Increases in the indexes for gasoline, shelter, and food were the … [More]

Top Veteran-Committed Employers Invite Military Veterans and Spouses to Virtual ‘Vet Talk’ Business Networking & Career Event

inbusinessPHX.com

BestCompaniesAZ will host its 8th Annual Veteran Business Networking and Career Event in conjunction with Career Connectors. This event brings together Arizona’s award-winning, military-friendly companies with veteran business professionals. All United States active duty and Reserve military members, military retirees, and their spouses/family members are invited to attend at … [More]

Does Your Tech Stack Match Your Company Culture? 3 Tips for Alignment

inbusinessPHX.com

Deciding on the right technology that fits your business’ needs and people can be challenging, but in today’s world that alignment is a must. Software adoption often has a measurable effect on the bottom line. Research shows, for example, that sales organizations are less likely to meet their quotas if they are using customer relationship management systems less than 75% of … [More]

Arizona’s Self-Storage Industry Continues to Flourish

inbusinessPHX.com

Although the past two years have been challenging for most business sectors in Arizona, the state’s commercial real estate community – and the self-storage industry in particular – fared better than expected and in some cases even flourished. “This is not the first time that the self-storage industry has shown exceptional strength in a downturn,” said John Chang, Senior Vice … [More]

Two Years Later: How the Pandemic Has Rocked the U.S. Housing Market

inbusinessPHX.com

This week marks the two-year anniversary of the coronavirus pandemic, which the World Health Organization officially declared a pandemic on March 11, 2020. The housing market has changed drastically since then—there are now half as many homes to choose from, and prices have surged 34%, according to a new report from Redfin, the technology-powered real estate … [More]

In Business Dailies

Sign up for a complimentary year of In Business Dailies with a bonus Digital Subscription of In Business Magazine delivered to your inbox each month!

  • Get the day’s Top Stories
  • Relevant In-depth Articles
  • Daily Offers
  • Coming Events