Businesses Set Their Sights on Growth in 2022 Despite Supply Chain and Cost-Related Challenges

JPMorgan Chase & Co.

Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds JPMorgan Chase’s 2022 Business Leaders Outlook Survey released today. As a new year begins, the majority of business leaders are feeling upbeat: 83% of midsize and 71% … [More]

Leading Industrial Developer and Investor Makes Push Into Fast-Growing Mesa

inbusinessPHX.com

Capping an extraordinarily productive year, New York-based Wharton Industrial announced today that it has acquired a 101-acre parcel of land in Mesa, Arizona. The company plans to invest over $200 million into the site to develop an 11-building, 1.5 million-square foot Class A industrial park, to be known as ‘The Hub@202’. The buildings will range in size from 65,000 square … [More]

Home Ownership More Affordable Than Renting in Majority of U.S. Housing Markets

inbusinessPHX.com

ATTOM, curator of the nation's premier property database, today released its 2022 Rental Affordability Report, which shows that owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average … [More]

2021 Homebuying Frenzy Concludes with Double-Digit Price Growth, Says Report

inbusinessPHX.com

December listing prices accelerated 10.0% year-over-year nationally and at an even faster pace in more than one-quarter of large metros, led by Las Vegas (+32.4%) and Austin (+28.8%) Colder weather may be settling in, but new housing data suggests the winter market is heating up, as looming mortgage rate hikes motivate more buyers to search for a home despite limited … [More]

Tech Solutions Co. for Local Governments Acquires Arizona-Based Data Analytics Leader

inbusinessPHX.com

GCOM, a leading technology company that specializes in outcome-driven solutions for state and local governments, today announced the acquisition of ASR Analytics (ASR), a leader in artificial intelligence (AI), machine learning (ML), and advanced analytics for federal, state and local governments, as well as higher education institutions. ASR is GCOM's seventh acquisition since … [More]

Need an Extra Boost with Your Career? A Mentor Can Help

inbusinessPHX.com

The importance of mentors was on full display when retired Navy Capt. Barbara Bell recently attended the unveiling of a new exhibit that featured her and seven other women in aviation at Patuxent River Naval Air Museum in Maryland. One of the other women in attendance, Colleen Nevius, the first woman to graduate from the U.S. Naval Test Pilot School, once served as a mentor … [More]

Phoenix CRE Market Update: Office Occupancy on the Rise

by Adriana Marinescu

November was another good month for the Greater Phoenix market as office vacancy once again trended downward. According to CommercialEdge data, average vacancy decreased to 14.7 percent, marking a 250-basis-point drop year-over-year. By comparison, the national rate stood at 15.2 percent, 140 basis points higher than recorded in November 2020. As vacancy dropped, … [More]

Phoenix City Council Approves Water Conservation Plan

City of Phoenix

The Phoenix City Council voted unanimously on Wednesday, Jan. 5, 2022, to allow the city to enter into an agreement with the Central Arizona Water Conservation District in response to continuing declines in water supplies in Lake Mead on the Colorado River. The agreement, known as the 500+ Plan, involves the U.S. Bureau of Reclamation and stakeholders in Arizona, California, … [More]

How to Start 2022 with the Right Mindset to Grow Your Business

inbusinessPHX.com

The historical surge in new U.S. businesses in 2021 could well be surpassed in 2022, with one report predicting a third consecutive record year for entrepreneurship – all during the COVID-19 pandemic. As a new year begins, many business owners are focusing on sales objectives and finding the right talent. But with many new entrepreneurs entering the arena, there’s more for … [More]

Arizona Commission on the Arts Announces New Executive Director

Rick McCartney

We are very excited to announce the selection of Anne L’Ecuyer as the next Executive Director of the Arizona Commission on the Arts! L’Ecuyer will assume leadership of the agency in February 2022. L’Ecuyer is a policy strategist, facilitator, and seasoned executive who stays closely connected to an international network of creative leaders and individual artists. She is an … [More]

High-Tech Two-Story Office Building in Scottsdale Is First Project to Kick Off New Year for LGE Design Build

inbusinessPHX.com

Kicking off the New Year, full-service commercial general contractor and in-house architecture firm LGE Design Build recently broke ground on the new office for the premiere workplace technology company Immedia. The two-story, 32,000 square-foot office building will stand at Bell Road and 82nd Street in Scottsdale. The office design features exciting and modern design … [More]

Daycare Shortage Inspires Innovative Childcare Solution Launching in Phoenix

Caribou

According to a recent report from the advocacy group ReadyNation, the lack of quality and affordable childcare is a major issue hampering employees, mostly women, from returning to the workforce post-COVID. A new company just launched in the Phoenix marketplace, called Caribou, is focused on alleviating the childcare challenges, like a lack of qualified caregivers and long wait … [More]

Centene Completes Acquisition of Magellan Health, Establishing a Leading Behavioral Health Platform at a Critical Time

inbusinessPHX.com

Centene Corporation announced that it has completed its acquisition of Magellan Health, Inc. The acquisition enables Centene to provide whole-health, integrated healthcare solutions to deliver better health outcomes at lower costs for complex, high-cost populations. "Magellan will expand Centene's reach to provide increased access to behavioral healthcare for our … [More]

Car Insurance Rates Increase in 2022 as Americans Resume Their Pre-Pandemic Lives, Arizona Tops List

ValuePenguin

As Americans resume normal economic activities, Auto insurance rates will rise by 0.6% in 2022 after falling in 2021 according to ValuePenguin's State of Auto Insurance in 2022 report published today. The average cost of auto insurance is expected to reach $1,935 annually, with 22 states seeing car insurance premiums increase in 2022. Here are the key … [More]

Arizona-Founded Poke Concept Lands Partnership for Fast Growth

Koibito Poke

Koibito Poke, the newest innovative fast casual food concept to hit the restaurant landscape, announces today that it has signed a franchise sales agreement with True Capital Partners LLC, which has committed to sell a minimum of 300 locations in eight states over the next five years. The healthy poke concept anticipates the first 120 stores will be in place in the next 24-30 … [More]

California’s Top Cannabis Brand Expands Product to Arizona

inbusinessPHX.com

El Blunto, California's top blunt producer, announced their expansion into the Arizona market through a partnership with Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States. El Blunto products will be available during a two-week exclusive arrangement at all Trulieve-affiliated Harvest retail locations in Arizona beginning on Friday, … [More]

Long-Time CEO of Blue Cross Blue Shield AZ, Richard Boals, Joins MDI Health

MDI Health

MDI Health, a clinical platform that optimizes medication treatment at scale, announced that the former CEO of Blue Cross Blue Shield of Arizona, Richard L. Boals, will join MDI as both an advisor and investor. Mr. Boals’ success as an innovative leader in the healthcare industry led to his impressive 14 year tenure as Blue Cross Blue Shield of Arizona’s chief executive. MDI … [More]

Taylor Morrison and Offerpad Expand Relationship Nationwide

inbusinessPHX.com

Taylor Morrison Home Corporation, the nation’s fifth largest homebuilder and developer, and Offerpad, a leading tech-enabled platform for buying and selling residential real estate, have created a national, customer-focused relationship to help Taylor Morrison’s new buyers in 14 of its current markets. The companies’ new relationship expands from an initial successful launch … [More]

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