The NFIB Research Center released a Small Business Economic Trends Industry-specific survey highlighting the construction, manufacturing, retail, and services industries. NFIB released a previous quarterly report in May 2020. “Small businesses are working hard to stay open while they continue to navigate the coronavirus pandemic,” says Holly Wade, NFIB Director of Research … [More]
Their Take: Dow Revolution – Looking to the Future
The committee charged with the management of the Dow Jones Industrial Index Fund has recently announced that it will change out three stocks (XOM Exxon Mobile Corp., PFE Pfizer Inc., and RTX Raytheon Technology Corp.) for three new stocks (CRM Salesforce.com Inc., AMGN AMGEN Inc., HON Honeywell International Inc.) This kind of change up in the Dow line-up hasn’t been done … [More]
Report: State of Hotel Industry 6 Months into COVID-19, Layoffs and Lowest Occupancy
The American Hotel & Lodging Association (AHLA) released an analysis on the economic and human struggle of the hotel industry six months into the COVID-19 pandemic, with millions of employees still furloughed or laid off and travel demand lagging far behind normal levels. Key findings of the report include: Four out of 10 hotel employees are still not working. … [More]
Funding the Effects of the Pandemic to Grow Business
Business is the lifeblood of any economy. Small businesses are said to be the fuel that any strong economy runs on. That thinking has, until earlier this year, been what we have proven — making Greater Phoenix one of the top places to be in business. We are fortunate to have some of the stories of those who have received funding to get them through the toughest of times in … [More]
Injecting Funds to Sustain Our Economy
Many are stepping up, but these funding partners are doing the hard work to provide immediate help through relief grants and other programs. While some of these organizations regularly grant funds, there is no question that the volume — both in number of grants and amount of funds — is a lot to manage and disburse. Overwhelmed staff changed policies, and the urgency of doing it … [More]
Great Impact: Funding Businesses and Nonprofits to Sustain Our Economy
Our community has stepped up to the plate to help businesses of all sizes — it always has. This economic downturn is among the worst we have seen. No one could have anticipated a time in modern America when business would be asked to simply shut down. Prior to the pandemic, our economy was stronger than most other states in the country. From population growth to property … [More]
Juan Salgado, Phoenix IDA and PCDIC
There is no question that the COVID-19 pandemic stifled growth and prosperity for businesses at the start of 2020. As the crisis unfolded, leaders of the business community — like the Phoenix IDA and Phoenix Community Development and Investment Corporation — recognized that the pandemic would negatively impact small businesses that bolster local communities. Through various … [More]
FinTech for Banking and Investing
As technology continues to play an increasingly dominant role in daily life, FinTech has followed suit, equipping the banking industry with tools that makes it more efficient and customer-oriented than ever before, according to Don Garner, CEO of Alliance Bank of Arizona. “Although nothing can replace an expert banker who has a close relationship with a customer and understands … [More]
