January 6 2022 Archives - Greater Phoenix In Business Magazine

Economy & Trends | inbusinessphx.com | January 6 2022

Small Businesses Struggle to Increase Workforce, Says Report

NFIB

Small business owners continue to struggle to increase their workforce, with 25% of owners saying labor quality was their top business problem in December, according to NFIB’s monthly jobs report. Thirteen percent of owners cited labor costs as their top business problem, up three points from November and a 48-year record high. “The labor shortage is holding back … [More]

Economy & Trends | inbusinessphx.com | January 6 2022

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]

Commercial Real Estate & Development | inbusinessphx.com | January 6 2022

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]

Economy & Trends | inbusinessphx.com | January 6 2022

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]

Economy & Trends | inbusinessphx.com | January 6 2022

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]

Technology & Innovation | inbusinessphx.com | January 6 2022

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]

Workforce & Career | inbusinessphx.com | January 6 2022

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]

Commercial Real Estate & Development | inbusinessphx.com | January 6 2022

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]

Government & Compliance | inbusinessphx.com | January 6 2022

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]

Leadership & Management | inbusinessphx.com | January 6 2022

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]