Arizona was awarded a prestigious “Gold Shovel” award from Area Development magazine in the 5-8 million population category, marking the state’s fourth consecutive gold shovel. The Shovel Awards recognize states that “garnered large job-creating and investment projects through innovative policies, infrastructure improvements, and other processes that attracted new employers as … [More]
Small Business Economic Trends: Construction, Manufacturing, Retail, and Services Industries Survey
Survey focuses on the construction, manufacturing, retail, and services industries
The NFIB Research Center released an industry-specific quarterly Small Business Economic Trends survey highlighting the construction, manufacturing, retail, and services industries. “In general, small business owners are not optimistic about the economy and the future of their business conditions,” said Holly Wade, Executive Director of NFIB’s Research Center. “The survey … [More]
Arizona Cybersecurity Company Awarded for its Innovative Technology
Lumifi recognized as the most innovative company globally in managed detection and response
Lumifi Cyber, Inc., a next-generation leader in the cybersecurity space, was named a winner of the Global InfoSec Awards 2024 as the Most Innovative Company in Managed Detection and Response (MDR). Organized by Cyber Defense Magazine, this awards program recognizes cybersecurity companies that manage, create, and provide the most respected information security products and … [More]
Healthcare Innovator Recognized for Driving Business Growth
Lytle Is Addressing Health Inequities and Leading the Change Toward Value-Based Care in the U.S. Healthcare System
Ernst & Young LLP announced that Hugh Lytle, Founder, Chairman and CEO of Equality Health was named an Entrepreneur Of The Year® 2024 Pacific Southwest Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. Lytle was selected by an independent judging panel made up of previous award … [More]
Phoenix Industrial Real Estate Market Is a Bright Spot in Today’s Economic Climate
Positive net absorption, continuing expansion by key players, strong pre-leasing and lower construction starts drive positive outlook
Thompson Thrift, a full-service nationally recognized real estate company engaged in industrial, commercial, multifamily, mixed-use and retail projects across the country, shared insights on the current state of the Phoenix industrial market and why they feel notable plans for near-term investment demonstrate a promising outlook for the future of the market. "While national … [More]
Home Prices Hit New High, but Buyers Gain Power as Stale Listings Pile Up and Price Drops Become More Common
Pending home sales fell 3.8%, the biggest year-over-year decline in nearly four months, during the four weeks ending June 16. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Buyers are shying away from earlier steps in the house-hunting process, too: Redfin’s Homebuyer Demand Index, a measure of requests for tours and other … [More]
Supplier Tech and Grant Management Software Co. Appoints New President
B2Gnow, the leader in supplier diversity, procurement, and grant management solutions for governments, contractors, and corporations, announced that Bryan Proctor has been named the company's President. With over two decades of experience in the technology industry, most recently as Chief Executive Officer of Spatial Data Logic, Mr. Proctor brings a wealth of expertise to … [More]
Software Development Co. Restructures with New Executives and Enhanced Services
With a strategic shift to become an innovation app builder and AI studio, Founders Workshop has announced a significant restructuring, appointing Wayne Neale as Chief Product Officer (CPO), Ana Tomboulian as Chief Technology Officer (CTO), Michael Vanderslice as Chief Operations Officer, and other key personnel to enhance its service offerings. Founders Workshop now offers … [More]
U.S. Is Now Short 4.5 Million Homes as the Housing Deficit Grows
Despite a pandemic construction boom, the U.S housing shortage grew to 4.5 million homes in 2022, up from 4.3 million the year before, according to a new analysis from Zillow®. This deepening housing deficit is the root cause of the housing affordability crisis. In 2022, Phoenix was estimated to be short more than 98,000 homes. That was an 8 percent increase over … [More]
Home Seller Marketplace Platform Launches in Phoenix and Other Markets
Redy, the only marketplace that rewards home sellers for selecting an agent who best aligns with their sale goals, announced its launch in five markets. Home sellers can now turn their listing opportunities into assets in Phoenix, Atlanta, Dallas, Orlando, and San Diego. The two-sided platform offers benefits for both parties. While agents have the opportunity to compete and … [More]
Texas Flooring Co. Expands Its Phoenix Presence with Acquisition
Impact Property Solutions, a Dallas-based portfolio company of Blue Sage Capital, is proud to announce its acquisition of OneSource Flooring and Interiors, an Arizona-based provider of flooring products and installation services to Multifamily and Commercial properties. OneSource, which opened its doors in 2007, covers the broader Phoenix market with a focus on Multifamily … [More]
Specialty Diving & Marine Services Co. Expands in Arizona to Meet Demand
Midco Diving & Marine Services has opened a new regional office in Phoenix. Providing a wide range of commercial diving services from underwater construction to municipal water tank repair, Midco serves all 50 states. Midco is the longest-standing, best-practicing, most comprehensive diving company in the U.S. with nationwide service. They have over 20 years of … [More]
Canadian Real Estate Investment Firm Moves U.S. Western Operations to Phoenix
Trez Capital, a leading investment manager and provider of innovative and opportunistic financing for commercial real estate, is pleased to announce the relocation of its western United States operations to Phoenix. This strategic move aligns with the firm’s focus on operating in the strongest investment markets across North America. “This is a purposeful move for Trez … [More]
Phoenix-Based Recreational Scooter Co. Goes Hollywood
EWheels, a recreational scooter company located in Phoenix, is gaining national attention as a key player in the upcoming action-comedy movie, Thelma. The company’s EW-66 three-wheel scooter, designed for improving mobility in daily activities, is featured prominently in the film recently seen at the Sundance Film Festival. Set for release on June 21, 2024, Thelma puts a … [More]
Phoenix-Based Tech Co. Launches New AI Marketing Solution for Small to Midsize Companies
Brainiest announced the launch of its new AI marketing solution. Balancing the power of generative AI and human input, it brings transformative innovation to business owners, marketers and technologists. The platform accelerates marketing content generation by blending marketing principles with AI technology, giving users a controlled approach to AI that delivers valuable … [More]
Arizona Businesses Have the Fifth Highest Average Loans at $704,958
A study by business formation experts, CreditDonkey, analyzed U.S. Small Business Administration lender reports from 2020 to 2023 (inclusive). The study examined 251,834 loans to determine which states had the highest and lowest average business loans. Arizona businesses have the fifth highest average loans at $704,958, with almost $3.5 billion distributed across 4,916 loans in … [More]
Homes Sales Fell to One of the Lowest Levels on Record in May
Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from Redfin, the technology-powered real estate brokerage. There have been just two months in the past decade with fewer home sales: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic … [More]
Sprouts Foundation to Award $3M to Local Organizations Advancing Nutrition, Health, and Wellness
The Sprouts Healthy Communities Foundation today announced that organizations can now apply for funding for programs that advance nutrition education, nutrition access, and wellness for children and adults in the communities where Sprouts operates. Sprouts will award a total of $3M to approximately 300 local organizations. “Our 32,000 team members want to see our communities … [More]
