Ten Largest Unicorns in the World Hit more than $560B in Value, China and U.S. Fill Top 5 Slots

inbusinessPHX.com

When the term unicorn emerged back in 2013, there were only 40 private companies with a valuation of one billion dollars in the world. Since then, the number of these financial giants jumped 12.5 times, reaching around 500 in September. According to data presented by AksjeBloggen.com, the ten largest unicorn companies in the world hit a valuation of $563.3 billion as of … [More]

Southwest Airlines Launches First International Service from Phoenix

inbusinessPHX.com

Travelers at America's Friendliest Airport® now have new flight options to Mexico as Southwest Airlines launched its nonstop, inaugural service from Phoenix to Cabo San Lucas and Puerto Vallarta today, making Phoenix Southwest's newest international gateway. “Southwest Airlines is an important community partner," said Chair of the Transportation, Infrastructure and … [More]

Survey: 9 in 10 Voters Support Congress Passing Another COVID Relief Bill to Help Distressed Businesses

American Hotel & Lodging Association

Americans are concerned about the impact of the coronavirus pandemic on all aspects of the economy, and 90 percent support Congress passing another economic stimulus bill to help distressed small businesses and employees, according to a new survey of registered voters conducted by Morning Consult and commissioned by the American Hotel & Lodging Association (AHLA). A … [More]

Maricopa Community Colleges Foundation Receives Helios Education Foundation Grant Resulting in $1.2M Scholarship Funds

inbusinessPHX.com

The Helios Education Foundation has awarded a grant to the Maricopa Community Colleges Foundation (MCCCF) to fulfill a dollar-for-dollar US Department of Education (DOE) Title V Endowment Match Challenge, resulting in $1.2 million in newly endowed scholarships funds. The effort began with three Maricopa Community Colleges – Estrella Mountain Community College (EMCC), … [More]

Honeywell Secures Repair and Overhaul Contract for U.S. Army Chinook Fleet

Honeywell

Honeywell has won a five-year IDIQ (Indefinite Delivery, Indefinite Quantity) contract for the repair and overhaul of its T55-GA-714A engines that operate on the U.S. Army's CH-47 Chinook helicopters. This contract award will ensure that the U.S. Army's Chinook fleet has spare engines to sustain its future missions and overall readiness. The engines will be serviced at … [More]

Vacation Areas Are Trending amid Pandemic, Show Low Makes List

Zillow

Page views of for-sale listings are up nearly 50% from a year ago in metro areas typically considered vacation destinations, defined as metros with at least 65,000 people and five times more vacation homes than the U.S. as a whole. That's compared to a 37% increase in page views nationally.  Vacation metros seeing an uptick in demand include places like the Jersey Shore area, … [More]

Small Business Optimism Improves in September, Uncertainty Index Remains High

NFIB

The NFIB Optimism Index rose 3.8 points to 104.0 in September, a historically high reading. Nine of the 10 Index components improved and one declined. The NFIB Uncertainty Index increased 2 points to 92, up from 75 in April. “As parts of the country continue to open, small businesses are seeing some improvements in foot traffic and sales,” said NFIB Chief Economist Bill … [More]

City of Surprise Gets First New Hospital

Abrazo Health

Abrazo Surprise Hospital, the first hospital in the city of Surprise, will open at 7 a.m. on Monday, Oct. 12. The hospital at the southwest corner of Loop 303 and West Bell Road is smaller than a typical general hospital, but still includes surgical services, a full emergency department, private inpatient rooms, ultrasound, x-ray and CT scan, laboratory, pharmacy and other … [More]

Sundt’s Chad Buck to Lead Arizona Building Efforts

Sundt Construction, Inc.

Chad Buck has been selected to lead the Southwest District for Sundt Construction’s Building Group. As Senior Vice President and Southwest District Manager, Buck will provide direction to the district’s leadership team and is responsible for the district’s overall performance, including acquiring and executing work. The Southwest District constructs buildings for public and … [More]

Consumer Price Index Up Just 0.2% in September

U.S. Bureau of Labor Statistics

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in September on a seasonally adjusted basis after rising 0.4 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment. The index for used cars and trucks continued to rise sharply … [More]

Is Increased Market Concentration Hurting Workers? No, Says New Report

Information Technology and Innovation Foundation

Pundits, scholars, and activists say the cause of the reduced share of U.S. national income going to workers over the past two decades is increased market concentration. But a new report released today by the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, shows that this analysis is largely flawed and … [More]

New Study: Trade Supported Over Three Quarters of a Million Arizona Jobs

Business Roundtable

A new study from Business Roundtable finds that international trade supported 783,500 jobs in Arizona in 2018, having represented 1 out of every 5 jobs in the state before the pandemic. Since 1992, before the implementation of the North American Free Trade Agreement (NAFTA), the share of jobs tied to trade in Arizona has increased by 85 percent. Additionally, the Grand … [More]

West Valley Leaders Launch Target Industry Spotlight and Virtual Job Matching Series

WESTMARC

Regional leadership including WESTMARC, AZ@Work-Maricopa County, PipelineAZ and Brightworks Consulting have partnered to launch a West Valley Industry Spotlight and Virtual Job Matching series in collaboration with the 15 communities of the West Valley. The series will focus on the 6 industries targeted by the West Valley of the Greater Phoenix Metropolitan area for attraction … [More]

DES Partners with ​ID.me​ to Prevent Unemployment Fraud

Arizona Department of Economic Security

The Arizona Department of Economic Security (DES) announced a partnership with ​ID.me​ to allow unemployment claimants to securely verify their identities online. ID.me is a federally-certified identity verification provider specializing in digital identity protection, and is utilized by several states to address the high volume of unemployment fraud across the nation. In an … [More]

Salesforce Solutions Co. Adds AI Technology to CRM Marketing Solution for Home Builders

ApostleTech

ApostleTech, a leader in Salesforce application implementations and consulting, is the developer of HCP, a CRM solution built on the power of Salesforce and designed specifically for home builders. ApostleTech is now collaborating with AtlasRTX to enhance HCP’s marketing capabilities, adding chatbot tools, which allow users to track and engage leads through the sales … [More]

Latinx Americans are Driving U.S. Homeownership Gains

Zillow

Remarkable growth this half-decade has boosted the share of Latinxi households in the U.S. that own their home to its highest since the housing bustii. While recent signs are encouraging, a new Zillow® analysis reveals remaining roadblocks on the path to equitable housing. Latinx Americans are a massive and diverse group, with more than 200 unique ancestriesiii among the 60 … [More]

Merchant Transaction Volume Steady Despite Anticipated Seasonal Slowdown, Arizona Increased

Shift4 Payments

Shift4 Payments, the leader in integrated payment processing solutions, continues to see improvement in merchant transaction volume across America as businesses adapt to overcome the impacts associated with the coronavirus. In the latest update since the COVID-19 pandemic began to spread throughout the US in early 2020, Shift4’s analysis of transaction volume suggest that … [More]

All Phoenix Park Amenities Are Reopening

City of Phoenix

Following a vote during Wednesday’s Phoenix City Council meeting, all amenities in city parks will begin reopening effective Thursday, October 8 at 5:30 a.m. Reopening of some amenities will require additional time for Parks and Recreation Department staff to make available. Use of select park amenities has been restricted following a series of City Council orders dating to … [More]

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