APRIL 2024 ISSUE
Capital Ideas: How Different Types of Funding Can Grow Business
Prominently visible on buildings around town are names that demonstrate the strength and depth of the financial sector here — serving a business community equally strong and varied. We connected with select members of that sector to present an overview of funding types and opportunity. Notes Ken Bauer, chief lending officer at OneAZ Credit Union, “In order to grow or … [More]
April 2024 Guest Editor RaeAnne Marsh, In Business Magazine
Capital is recognized as the essential foundation of business. But even more basic is access to capital. And to knowledgeable counsel on achieving that access and making the most of financial opportunity that goes with it. This month’s cover story looks at sources of capital from several different angles — including types of funding programs and financial … [More]
TOP STORIES
Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising, Despite Metro Phoenix Increase in New Listings
The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest jumps since October 2022. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The Phoenix Metro area saw a 25.8% year-over-year increase in new listings in this period. The average … [More]
HUD Kicks Off a Series of New Actions to Help Communities Fight Extreme Heat
The U.S. Department of Housing and Urban Development (HUD) announced new actions helping support communities to increase resilience to extreme heat. For the first time in its history, HUD published a webpage on Extreme Heat that serves as a hub highlighting actions communities can take to prepare and respond to extreme heat events and available resources to help fund … [More]
Nearly 40% of Homeowners Couldn’t Afford Their Home if They Were to Buy It Today
Nearly two of every five (38%) homeowners don’t believe they could afford to buy their own home if they were purchasing it today, according to a new report from Redfin, the technology-powered real estate brokerage. This is based on a Redfin-commissioned survey of roughly 3,000 U.S. residents conducted by Qualtrics in February 2024. Nearly three in five (59%) … [More]
NHL Board Approves Establishment of New Franchise in Utah, Renders Arizona Coyotes Franchise Inactive
The National Hockey League’s Board of Governors today approved the establishment of a franchise beginning with the 2024-25 season in Utah, that will be owned and controlled by Smith Entertainment Group, which is led by Ryan and Ashley Smith. In addition, the Board approved a plan that renders the Arizona Coyotes franchise inactive, with a right to reactivate if owner … [More]
FEATURED STORIES
Arizona Workers Give Office Return a 8/10 Happiness Score, Says Survey
As has been widely reported, a significant shift is taking place in the workforce. Many employees who had grown accustomed to the flexibility and comfort of working from home are now being encouraged to return to the office full-time. While this transition initially faced resistance, a recent survey commissioned by Wealth of Geeks reveals that once employees settle … [More]
To the Point: One Effortless Practice That Will Make You a Better Leader
It is shirt but sweet. Listening is a vital skill for every leader. If you want to effectively guide an organization, you need to know the dreams, fears, and frustrations of your stakeholders. You must also be willing to hear the pitfalls to your proposed approach. Unfortunately, listening does not come naturally to most of us. We would much rather hear ourselves … [More]
Arizona Bioscience Growth Continues, Sets Record Highs
Arizona’s bioscience sector has continued its sustained advancement over the past two years and established record highs for several performance metrics, at growth rates often outpacing the nation, according to the latest data analysis commissioned by the Flinn Foundation. Arizona reached record highs in National Institutes of Health funding, bioscience jobs and … [More]
HOT TOPICS
Effort to Expand Broadband in Rural Areas Takes Big Step Forward
The state’s goal of expanding broadband internet access in rural areas is taking a big step forward with a public-private partnership. The agreement … [More]
Build-to-Rent Investor Purchases Avondale BTR Community for $57M, First Acquisition in Arizona Market
Christopher Todd Capital has completed its first purchase of a newly-completed Build-to-Rent (BTR) community in Avondale, Arizona, part of Phoenix … [More]
Nonprofit Opens Fifth Location in Southwest Phoenix
One Step Beyond, Inc., a Phoenix-based non-profit organization that provides comprehensive programming and services for adults who have intellectual … [More]
Local Healthcare Startup Reaches Staffing Milestone, Successful Growth Impacts Patients
HealthyU Clinics, a provider of integrated primary and specialty care services has announced it has reached 100+ employees across its clinics in Metro … [More]
Revered Tempe Pub Partners and Changes Name
Boulders on Broadway helped herald in Arizona’s craft beer scene when it opened its doors in Tempe 17 years ago. Now the established Arizona craft … [More]
Chicanos Por La Causa Board of Directors Appoints New President & CEO
Chicanos Por La Causa, a leading Arizona-based nonprofit empowering communities in six U.S. states, proudly announces the appointment of Alicia Nuñez … [More]
LIVE AND LEARN
Scottsdale Arts Celebrates 25 Years of Visions with ‘Visions ’24’ Exhibition
Scottsdale Arts Learning & Innovation, a department of the nonprofit Scottsdale Arts, will exhibit “Visions ’24” to highlight the skills, inspirations and ideas exchanged between high school students and professional teaching artists over the course of 2023–24 Visions program. The newest exhibition opens on May 10 and will remain on display through … [More]
Arcosanti’s Two Clay Pit-Firing Weekend Workshops Begin Saturday
Arcosanti is pleased to announce two clay pit-firing weekend workshops this spring. The first workshop will take place Saturday, April 20 and Sunday, April 21. The second runs from Saturday, May 18 to Sunday, May 19. Each two-day workshop allows participants to learn an ancient form of firing pottery that uses natural materials and requires no gas or … [More]
New Temporary Public Art Program in Scottsdale Supports Emerging Artists
After more than a decade, the temporary public art program IN FLUX has come to an end, but Scottsdale Arts is taking up the mantle to continue bringing temporary public art to the city of Scottsdale. Scottsdale Public Art, a department under the nonprofit Scottsdale Arts, has been actively involved in IN FLUX since 2010, collaborating with neighboring cities … [More]
PHILANTHROPY
Nonprofit Retail Partnership Celebrated 10-Year Anniversary of In-Store Fundraiser
Boys & Girls Clubs of The Valley (BGCAZ) and local Ross Stores Associates joined forces for a grand celebration of Ross' 10th annual "Help Local Kids Thrive" in-store … [More]
Keeping Pets with Families Is Goal of New Nonprofit Partnership
Pets are proven to improve the social, emotional, and physical health of their human companions, especially in times of crisis and hardship. When an individual or family is facing … [More]
Statewide Digital Awareness Campaign Addressing Arizona’s Housing Crisis Launches
Home is where it all starts is launching a statewide digital awareness campaign to provide solutions to the state’s housing crisis and make sure every Arizonan has a place to call … [More]
POSITIONS
Chicanos Por La Causa Board of Directors Appoints New President & CEO
Chicanos Por La Causa, a leading Arizona-based nonprofit empowering communities in six U.S. states, proudly announces the appointment of Alicia Nuñez as its new President & … [More]
PR and Marketing Agency Appoints Managing Director to Drive Digital Innovation, Strategy
Aker Ink PR & Marketing, a full-service agency helping companies increase brand awareness, enhance thought leadership and generate leads, has hired industry veteran and expert … [More]
Nonprofit CEO Set to Depart after 20 Years of Service
After a long and successful career with Big Brothers Big Sisters of Central Arizona (BBBSAZ), Laura Capello, president and chief executive officer, will depart after the end of the … [More]
ACHIEVEMENTS
Phoenix Bar Concept Earns Spot on World’s 50 Best Bars List
Century Grand, the celebrated cocktail haven located in Phoenix, Arizona, proudly announces its inclusion on this year’s World's 50 Best Bars list, taking spot #36. Established in … [More]
Homebuilder Honored as 2024 Builder of the Year in Arizona
Shea Homes’ Arizona Division, for the third time in four years, claims the top prize in the most renowned yearly competition among Arizona home builders. The 38th annual Major … [More]
Glendale-Based FinTech Co. Honored for Making CRE Private Credit More Accessible
AVANA Companies, a comprehensive lending and asset management ecosystem, was named a winner of the 2024 FinTech Breakthrough Awards for “Best Real Estate Investment Platform” … [More]