Governor Hobbs Unveils 100-Year Study to Protect Valley Groundwater Supplies; Announces $40M Investment in Arizona Water Resiliency Fund

inbusinessPHX.com

Last week, Governor Katie Hobbs unveiled the Phoenix Active Management Area (AMA) Groundwater Model and the Arizona Department of Water Resources’ latest study of groundwater conditions across the Phoenix metropolitan area. The groundwater model evaluates water level changes after 100 years of existing and projected pumping, and gives water managers critical information to … [More]

Arizona Has the 10th Best State Economy, Says Report

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With California on track to overtake Germany as the world’s fourth largest economy, the personal-finance website WalletHub released its report on 2023’s Best & Worst State Economies, as well as expert commentary. In order to determine America’s top economic performers, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic … [More]

ChatGPT Maker OpenAI Is Now the Fastest Growing Leading Website, Nearing 1 Billion User Mark in Record Time 

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New research has revealed that OpenAI is currently the fastest growing website among the top 50 most visited sites on the planet. Only months after launching the AI-powered conversational robot ChatGPT, openai.com is rapidly nearing one billion unique visitors per month. Leading Webflow agency VezaDigital analyzed traffic statistics for the top 50 websites with the highest … [More]

82% of Surveyed Hotels Report Staffing Shortages, According to National Survey

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As over 80% of hotels experience staffing shortages, hoteliers are offering potential hires a host of incentives to fill vacancies, according to a new survey of hoteliers conducted by the American Hotel & Lodging Association (AHLA). Seventy-five percent of respondents are increasing wages, 64% are offering greater flexibility with hours, and 36% are expanding benefits – … [More]

Premium Parcel Sells for Record-Breaking $7M in Paradise Valley

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Frank DiMaggio, Managing Partner at Launch Powered by Compass in Scottsdale, Ariz. closed the largest single family parcel sale in Paradise Valley, Arizona for $7 million on May 31. At 1.25 acres the property sold for another record of $125 per square foot. The sale of the property breaks the previous Arizona sale of $5.5 million for a single-family parcel. The … [More]

Arizona Cannabis Edibles Producer Launches Range of Cannabinoid Wellness Products

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Arizonans can now access an expanded portfolio of Wana Brands’ premium cannabis-infused gummies, including best-sellers Wana Quick Fast-Acting gummies in happy hour flavors and Wana Optimals Fast Asleep. Offering a wide range of ratio and  class-specific gummies that allow the ability to dial in a specific use case experience, Wana gummies feature Wana’s vegan recipe using real … [More]

U.S. Employers Added 339,000 Jobs in May, Defying Expectations of a Slowdown

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. This news release presents … [More]

Arizona State University Joins Prestigious Association of American Universities

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Arizona State University, on June 1, was selected to join the prestigious Association of American Universities, which comprises the nation’s elite research universities. Established in 1900, the AAU added Arizona State into its membership, applauding the university’s academic and research strength and acknowledging its place as a leader in higher education. There now are 71 … [More]

Miraval Resorts & Spas Launches Miraval Life in Balance Podcast

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As a pioneer in destination wellness spa resorts for nearly 30 years, Miraval Resorts & Spas brings its core intention of empowering people to lead their best lives to the podcast space with today’s launch of Miraval Life in Balance. The first podcast from the Miraval brand aims to guide audiences to cultivate wellness, intention and inspiration from anywhere in the world. … [More]

Aliens from Outer Space: The Children’s Exhibit at Herberger Theatre Center

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The Herberger Theater Center is excited to once again partner with First Things First for its ninth annual children’s art exhibit that showcases the artistic and creative abilities of young children. This year’s theme, Aliens & Outer Space, showcases the imagination and creativity of children, ages 2 to 5, challenging them to think outside the box. Many of the works are … [More]

Membership-Based Private Jet Co. Launches Flights to Aspen from Scottsdale and Southern California

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Set Jet, Inc., a membership-based private jet charter program headquartered in Scottsdale, Arizona has announced their newest route connecting Scottsdale and Southern California with Aspen, Colorado. The Company will begin servicing routes to Aspen with direct flights from the Scottsdale Airport, as well as one-stop flights from Orange County and San Diego starting the week … [More]

Small Businesses Have Record High Levels of Job Openings Despite Struggle to Find Qualified Workers

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According to NFIB’s monthly jobs report, 44% (seasonally adjusted) of all owners reported job openings they could not fill in the current period, down one point from April but still 20 points higher than the 49-year average reading. The percent of owners reporting labor quality as their top small business operating problem remains elevated at 24% and 10% of owners reported … [More]

Nearly 4 in 10 U.S. Workers Report Rising Workplace Burnout

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Workplace burnout is a problem that just won’t go away, according to new research from talent solutions and business consulting firm, Robert Half. Today's study reveals U.S. workers’ burnout levels compared to one year ago, industries and age groups reporting the highest levels of stress, top burnout contributors and action being taken by employers to alleviate work-related … [More]

Arizona’s Workforce Housing Leader to Build New 190-Unit Building in Peoria

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Greenlight Communities, the trailblazing Scottsdale-based real-estate development company committed to constructing affordable and attainable workforce housing, is pleased to announce it has closed on another piece of land where the company will begin its latest project. This new development, Greenlight’s first in Peoria, Arizona, will introduce 190 new apartment units to … [More]

Home Price Gains Slow to Lowest Rate on Record in May, Says Realtor.com

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Home prices rose slightly in May, but price growth slowed to the lowest rate on record since 2016, suggesting home prices may not see a new peak in 2023, according to the Realtor.com Monthly Housing Trends Report released today. Additionally, home inventory growth continues to slow and is declining in many metro areas across the country as fewer sellers list their homes than … [More]

Industrial Construction Update: Is The Market at Risk for Oversupply?

inbusinessPHX.com

Cushman & Wakefield has released its new Industrial Construction report, showing demand losing speed as construction completions peak, setting the stage for a return to a more balanced market.  The report press release is also attached. Throughout the current industrial expansion, which began in 2012, the pipeline has often struggled to keep pace with demand throughout … [More]

Benefits Co. Names Two New Hires, Advancing One-on-One Model

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Employee benefits consulting firm Strunk Insurance Group has announced two new hires in the recent months. Strunk has appointed Joe Marquez as their new Vice President of Employee Benefits and Holly Norton as Human Resources Business Consultant. In their roles, Marquez and Norton are responsible for advising perspective and current clients in Arizona and across the country on … [More]

Boxing Fitness Franchise Opens Location in Scottsdale

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Mayweather Boxing + Fitness – the best-in-class group fitness experience that combines immersive training with boxing legend Floyd Mayweather’s champion techniques, is thrilled to announce the re-opening of the brand’s first Scottsdale location. Located at 9220 E Via De Ventura, Suite 121, Mayweather Boxing + Fitness of Scottsdale successfully opened in April under new … [More]

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