Sun Belt Homebuyers Are Backing Out of Purchases at a Higher Rate Than Anywhere Else in the U.S.

inbusinessPHX.com

Nationwide, roughly 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That’s up from 12.1% a year earlier and is comparable with July’s revised rate of 15.5%, according to a new report from Redfin, the technology-powered real estate brokerage. The percentage has now hovered around 15% for the past three … [More]

Newest Phoenix Food Stores to Feature Original Mural by Artist Kenneth Keene

inbusinessPHX.com

The City of Phoenix Office of Arts and Culture partnered with Fry’s Food Stores to commission local artist Kenneth Keene, an experienced muralist and former art educator, to create a mural in the new Fry’s Food Stores in north Phoenix. The mural is featured on the wall near the main entrance of the store. Located at 26300 N. Norterra Parkway, the store is scheduled to open on … [More]

Valley Leadership Names 73rd Man & Woman of the Year

inbusinessPHX.com

Reyna Montoya and Dr. Chad Gestson will be Valley Leadership’s 73rd Man & Woman of the Year. The two were selected because of their commitment to addressing Arizona’s most pressing issues, track record of community engagement and alignment with Valley Leadership’s Principles of Doing. “Man and Woman of the Year is about highlighting leaders in our community who have gone … [More]

Bidding-War Rate Drops to Lowest Level since April 2020, Phoenix among Lowest

inbusinessPHX.com

Nationwide, 44.6% of home offers written by Redfin agents faced competition in August, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ground to a halt, according to a new report from Redfin, the technology-powered real estate brokerage. It’s down from 63.5% a year earlier and a revised rate of 47.2% in July, and marks the … [More]

SBA Announces $7.2 Million in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital 

inbusinessPHX.com

The U.S. Small Business Administration (SBA) announced a $7.2 million grant award to 38 organizations under the Program for Investment in Micro-Entrepreneurs (PRIME), a $1.7 million increase, up 30% from last year’s allocated $5,500,000 in funding. The PRIME award will support these nonprofit organizations as they help low-income entrepreneurs get financing to establish and … [More]

First-of-Its-Kind Partnership to Create Access to Legal Services

inbusinessPHX.com

Scout Law Group, a nationally recognized law firm based in Arizona, announced a new partnership with Miami-based investment firm, 777 Partners, that will instantly create one of the most well-funded plaintiffs’ law firms in the country dedicated to creating access to legal services. In 2021, Arizona became the first state in the country to permit non-lawyer ownership of law … [More]

WORKSHOP – Nov 2: Grow your Business – Access to Capital and Other Resources

Arizona Commerce Authority

Upcoming Workshop: Please join us for the upcoming Small Business Boot Camp virtual webinars and monthly workshops. If you missed any past sessions, watch here. Grow your Business: Access to Capital and Other Resources 11/02/2022 | 9:00 AM The journey to successfully expanding your small business begins with a plan. This exclusive workshop will be … [More]

Cannabis Co. Expands Brand Sales & Trade Marketing Platform to Arizona

inbusinessPHX.com

Petalfast, a route-through-market platform for the cannabis industry, announced its expansion into the Arizona cannabis market, as well as its partnership in the state with Consensus Holdings, home to Feel Sublime. The launch comes on the heels of Petalfast’s recent expansion into the Michigan and Massachusetts markets. The Company’s sales and retail engagement services help … [More]

Stylish, Second-Floor Brasserie from Common Ground Culinary Debuts in Uptown Phoenix

inbusinessPHX.com

Christopher Collins, chef/owner of one of the Valley’s most successful restaurant groups, Common Ground Culinary, is excited to announce the opening of his 9th concept, St. Urban on Friday, September 23rd, 2022. Housed at The Colony, a 1950’s era mixed-use development located in the heart of the 7th Street restaurant district, St. Urban (5538 N. 7th Street) is a modern, … [More]

New Electric Vehicle Registrations Grew More Than 250% over the Last Five Years

inbusinessPHX.com

Electric vehicles (EVs), once thought of as an industry outlier, have demonstrated their staying power, with new EV registrations growing more than 250% over the last five years. According to Experian’s Automotive Consumer Trends Report: Q2 2022 there are more than 1.7 million EVs in operation in the US today (compared with more than 400,000 EVs in Q2 2018). This number may … [More]

Lessons for Business and Leadership

by Lilach Mazor Power

For the last 10 years, I’ve experienced the pleasure and pain of building, operating and growing a small business. The knowledge I’ve gained through big failures and even bigger successes have made me passionate about helping entrepreneurs realize their dreams. I’ve compiled a list of lessons I’ve learned on my journey: There’s never a great time to start a business. I … [More]

American Airlines to Launch Nonstop Phoenix to Monterrey, Mexico

inbusinessPHX.com

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​America’s Friendliest Airport® is excited to welcome additional international air service to Mexico. American Airlines will begin daily, nonstop service from Phoenix to Monterrey, Mexico on January 10, 2023. “Mexico is Phoenix’s number one trade and tourism partner which makes air service to … [More]

Airline Orders up to 104 Aircraft to Build ‘Mesa Pilot Development’ to Combat Pilot Shortage

inbusinessPHX.com

Mesa Airlines announced that it has purchased 29 state-of-the-art Pipistrel Alpha Trainer 2 aircraft, with the option to buy an additional 75 over the next year. The new fleet will be the backbone of the Mesa Pilot Development Program (MPD), a major initiative to close the pilot shortage gap that has been affecting the industry over the last several years. As part of the … [More]

Tribal Gaming Contributions to the State for Quarter Top $40M

inbusinessPHX.com

The Arizona Department of Gaming announced today $41,571,869 in tribal gaming contributions to the Arizona Benefits Fund for the first quarter of Fiscal Year (FY) 2023. This amount represents a 2.1 percent increase when compared to same quarter of FY2022. “Arizona’s tribal gaming industry continues to impress, with a quarterly contribution record of $41.6 million to the … [More]

City of Surprise Demonstration Garden to Educate on Low Water Use Plants and Trees

inbusinessPHX.com

When the City of Surprise envisioned a public space that is both visually impressive and educational, they turned to Willmeng Construction to bring that vision to life. On September 17, Willmeng and the city unveiled the new Xeriscape Demonstration Garden, a 2.5-acre space located just north of the Surprise City Hall. The Xeriscape Demonstration Garden educates the public on … [More]

Phoenix Sky Harbor Is a Sustainability Leader among U.S. Airports, Gets Top Rating

inbusinessPHX.com

Being America's Friendliest Airport® means more than making sure our passengers have an exceptional experience at our airport. It is also ensuring that as a business we are protecting the environment and the resources of Arizona for future generations. Phoenix Sky Harbor International Airport's commitment to being future friendly and an industry leader in sustainability was … [More]

Arizona Small Business Association Announces Partnership to Help Small Businesses in Arizona Mitigate Cyber Risk

inbusinessPHX.com

CyberCatch jointly announced with the Arizona Small Business Association (ASBA), a strategic partnership to enable Arizona's small businesses to quickly and easily implement necessary cyber security controls for digital success. According to the U.S. Small Business Administration, there are more than 590,000 small businesses (those with fewer than 500 … [More]

Partnership Brings New Inpatient Behavioral Health Hospital to Glendale

inbusinessPHX.com

Kindred Behavioral Health, a business unit of LifePoint Health, and Dignity Health announced the signing of a letter of intent to build and operate a new inpatient behavioral health hospital on the campus of Dignity Health St. Joseph’s Westgate Medical Center in Glendale, Ariz. “This partnership will help meet the growing needs for mental health services in the West … [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