Personal income decreased $222.8 billion (1.1 percent) in June according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $255.3 billion (1.4 percent) and personal consumption expenditures (PCE) increased $737.7 billion (5.6 percent). Real DPI decreased 1.8 percent in June and Real PCE increased … [More]
Micro-Businesses Resilient Through COVID-19, Helping Communities Weather Economic Impact of Pandemic
Everyday entrepreneurs and their millions of ventures in the U.S. were resilient in the face of the punishing economic climate of the first two months of COVID-19, according to new data from Venture Forward, GoDaddy's multi-year research project that demonstrates and quantifies the impact that ventures have on local communities and the U.S. economy. The new data … [More]
WEBINAR – Aug 6: REGIONAL REPORT – Education in 2020 and Beyond
Join the Greater Phoenix Economic Council (GPEC) for the next installment of Regional Report: A GPEC Virtual Series, where we explore industries in Greater Phoenix impacted by the current COVID-19 pandemic. Educating the next generation of leaders is of critical importance to the success of Greater Phoenix. Webinar panelists will discuss the upcoming school year and address how … [More]
Woz Enterprise Launches Federally Recognized Technology Apprenticeship with University of Phoenix
Woz Enterprise – a division of Woz U – and University of Phoenix are bringing the technology and education sectors together to launch a U.S. Department of Labor Registered Apprenticeship Program to address the widening technology skills gap and put Americans to work. This world-class, transformative technology apprenticeship program trains community-college graduates in STEM … [More]
Renowned Furniture Retailer to Bring First Valley Locations to Vestar Shopping Centers
Connecticut-based Bob’s Discount Furniture will bring its long-awaited first Arizona locations to two Vestar shopping centers – Desert Ridge Marketplace and Crossroads Towne Center in August and September. The expansion into a new market and the selection of Vestar locations shows the strength and viability of the brand and the centers despite the recent challenges presented by … [More]
Insurance Co. to Open New Center in Tempe, Creating New Jobs
Bright Health Plan (BHP), with the support of the Greater Phoenix Economic Council (GPEC), Arizona Commerce Authority and City of Tempe, announced its decision to open a new contact center in Tempe, Ariz., to support Bright Health Plan’s rapidly growing membership across the country. The contact center will bring 35 jobs to the Tempe area this year and an additional 40 jobs in … [More]
National Hotel Group Declares ‘Save Hotel Jobs’ Day
As Congress debates a new round of COVID-19 recovery legislation, a new survey of American Hotel & Lodging Association (AHLA) members shows that the pandemic continues to have a devastating effect on the hotel industry and its employees. Results show nearly nine in ten hotels have been forced to lay off or furlough employees due to COVID-19 and the resulting drop in travel. … [More]
Pivots Drive Next Wave of Growth and Innovation for Rehab Therapy Tech Co.
The second quarter brought about seismic shifts to the rehab therapy industry, and WebPT, the leading rehab therapy platform for enhancing patient care and fueling business growth, quickly responded by launching a telehealth solution in just seven days, rolling out digital intake, developing timely educational content for clinic owners, and expanding its team to meet customer … [More]
WEBINAR – Aug 3: SBA Presents COVID-19 Road to Recovery for AAPI Entrepreneurs
On Monday, August 3, 2020 at 2:30 pm PT, please join an Access Live event for AAPI entrepreneurs. Small businesses, non-profit organizations and faith-based organizations in need of financial assistance may join this call and learn what opportunities exist to recover from the COVID-19 global pandemic. Join the SBA and many other experts to learn how we can overcome these … [More]
WEBINARS – Aug 5, 12, 19, 26: FORESIGHT 20/20 – Eyes on Social Justice
We cannot understand our present moment without recognizing the lasting damage caused by a history of policies that have placed Black and White people into two separate worlds. During Black Philanthropy Month, the Black Philanthropy Initiative invites you to join a series of conversations every Wednesday in August called FORESIGHT 20/20 - Eyes on Social Justice. Each … [More]
World`s Five Largest Airlines Lost Over $40 Billion in Market Cap Since January
Not many industries have experienced such a severe impact of the coronavirus pandemic like the airline industry. While the global travel restrictions and the lockdown rules are expected to cause airline passenger revenues to drop by $300 billion in 2020, the world's largest airline companies are witnessing staggering losses in their market capitalization. According to data … [More]
