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Economy & Trends  |    |  

Third-Quarter GDP Record Increase on Heals of Worst in Second Quarter

U.S. Bureau of Labor Statistics

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the … [More]

Live & Learn  |    |  

Pac-12 Conference Inks Deal with Nextiva as its Official Communications Partner

Pac-12

The Pac-12 announced a new partnership with leading business communications company, Nextiva, as the Conference’s Official Communications Partner. This major college sports partnership with Nextiva reflects the growing need for work from anywhere solutions for every business. “There is no time more important than now for the Pac-12 to partner with a leader in … [More]

Growth & Enterprise  |    |  

New Solar Energy System at Chandler Facility to Provide More than 663,600 Kilowatt-Hours of Clean, Renewable Energy in First Year

inbusinessPHX.com

Voya Financial, Inc., announced today that its newly constructed Chandler, Arizona, office features solar carports that are expected to offset more than 663,600 kilowatt-hours of electricity in its first year of operation alone. In the first year of operation, the 350 kilowatt SunPower® solar carports are expected to avert the equivalent of estimated carbon dioxide … [More]

Economy & Trends  |    |  

SBA Achieves Historic Small Business Lending for Fiscal Year 2020

U.S. Small Business Administration

The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA lending programs exceeded $28 billion; however, enactment of the CARES Act dramatically increased loan volume guaranteed by the … [More]

Achievements  |    |  

Meet the Greater Arizona 2020 Torch Awards for Ethics Winners

BBB Serving the Pacific Southwest

Better Business Bureau Serving the Pacific Southwest (BBB) has named six winning companies for their 2020 BBB Torch Awards for Ethics for Greater Arizona, sponsored by Desert Financial Credit Union. The distinguished award raises awareness in marketplace ethics and honors businesses that operate with integrity. Exemplary businesses have displayed an outstanding level of … [More]

Workforce & Career  |    |  

Find Your Path to a Thriving, Fulfilling Career

inbusinessPHX.com

Choosing a career path, navigating it successfully and continuing to move in the right direction can get complicated when your life’s work isn’t fulfilling. But it’s never too late to course-correct. While the risks associated with making a job switch might sound great, the cost of staying in a job that doesn’t align with your interests and talents is far greater, advises … [More]

Events  |    |  

Earnhardt Sponsors Phoenix Children’s Hospital Off the Record Online Concert

inbusinessPHX.com

Chris Young will headline Off the Record, the annual fundraiser for the Phoenix Children's Hospital Foundation hosted by major sponsor, Earnhardt Auto Centers. The multi-platinum country music entertainer has many hits including "I'm Comin' Over", "Drowning", "Gettin' You Home (The Black Dress Song)", "You", "Raised on Country", and "Losing Sleep." "For the first time ever, … [More]

Government & Compliance  |    |  

$7 Million Announced for Housing and Rental Assistance

State of Arizona Office of the Governor

Governor Doug Ducey announced $7 million to expand available rental assistance and help keep people in their homes. The funding comes from the Crisis Contingency and Safety Net Fund, established in March through a bipartisan state budget agreement that added $50 million for Arizona’s COVID-19 response. “Ensuring Arizonans have safe, reliable housing during this pandemic is … [More]

Growth & Enterprise  |    |  

Local First Arizona Launches We Rise Black Business Accelerator Program

Local First Arizona

Local First Arizona is expanding on its work of building an inclusive, diverse local economy through a new initiative, the We Rise Business Accelerator program. Tailored to Arizona’s Black-owned businesses, at all stages of development and all sectors, We Rise will equip businesses with the entrepreneurial skills and resources to thrive and become part of a larger network of … [More]

Achievements  |    |  

City of Phoenix Wins PR Award for COVID-19 Response Efforts

City of Phoenix

The city of Phoenix recently was named the 2020 Gold Winner in the category of Best Government Response-Helping People and Businesses During COVID-19 by Public Relations World Awards (PRWA). This annual award recognizes outstanding work in agency and in-house public relations, corporate communications, and marketing and investor relations from around the world. Because of … [More]

Healthcare & Wellness  |    |  

New USA-Made COVID-19 Tests Replace Invasive Nasal Swab Test

USA Rapid Test

The improper use and application of COVID-19 nasal swab PCR tests are endangering people’s health, while rapid antibody tests are giving too many false negatives and delaying the reopening of American businesses. The United States economy is still operating about 20% below where it was in early March and experts don’t anticipate any major economic traction until 2021. Getting … [More]

HR & Management  |    |  

New Study Reveals Minority Leaders Getting More Promotions, but More Likely to Switch Companies to Advance

DDI

Senior minority executives plan to leave their current position at twice the normal rate of other executives. And this exodus could be coming within the next year, according to DDI’s Diversity and Inclusion Report 2020. This is just one finding from the report, which is part of the Global Leadership Forecast series by DDI. The report includes data from 15,787 leaders and … [More]

Leadership & Management  |    |  

How to Be a Hands-On Leader in Social Distancing Times 

by Joel Patterson

There are plenty of suggestions out there about how to best lead a company, but have you ever been told that an uninvolved, uninterested, hands-off leadership strategy is the way to go? Probably not. Being a hands-on leader is more important than ever these days, as many teams are working remote. The more a leader separates him or herself from the rest of the company, the … [More]

Sales & Retail  |    |  

Stand Out from the Crowd. 5 Tips to Help Differentiate Your Small Business during COVID-19

by Edgar R. Olivo

The pandemic is a wrecking ball to the American economy and with it came many new changes to everyday life, particularly on how consumers spend their money and time. The positive consequences have led consumers to deepen their relationships with their local communities while focusing where to spend their money. This new reality sets the stage for small businesses to rise up and … [More]

Workforce & Career  |    |  

5 Things You Should Be Doing for Your Virtual Internship Program

by Ben Siegel

There’s no doubting that the pandemic has drastically changed the way we work. Offices are closed, most meetings are now virtual, and networking has become a day-to-day challenge. Though industries have found solutions for most of the year’s obstacles, several internship programs have been left behind. As these programs are essential to both business owners and students alike, … [More]

Live & Learn  |    |  

Herberger Theater to Open Outdoor Stage for Performances

Herberger Theater

The Herberger Theater Center (HTC) is excited to announce its new outdoor stage, The Pavilion at the Herberger Theater. Built on the recently cleared land on the east side on the theater, The Pavilion will host performances November 2020 through April 2021, including the 11th annual Festival of the Arts on Saturday, November 14, which will be the opening performance for the new … [More]

Economy & Trends  |    |  

COVID-19 is Driving the Housing Inventory Crisis in Unexpected Ways

Zillow

A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they're staying put. Life uncertainty, likely caused by … [More]

Workforce & Career  |    |  

Amazon Promotes Over 35,000 Employees Across North America, Opens 100,000 New Seasonal Jobs Heading Into the Holidays

Amazon

Amazon announced it has promoted more than 35,000 Operations employees in 2020, that 30,000 employees have taken advantage of Amazon’s Career Choice program, and that it’s creating an additional 100,000 seasonal jobs. With more than 12 million Americans out of work according to the U.S. Bureau of Labor Statistics these new seasonal roles in several locations across the US and … [More]

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