The median U.S. asking rent rose 0.8% year over year in May to $1,653 — the highest level since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the second consecutive increase (rents climbed 0.9% year over year in April) following 11 months of decreases. Rents rose 0.5% on a month-over-month … [More]
Unique Hat Retailer Expands to Second Scottsdale Location
Rancher Hat Bar has been making waves on social media and in the local areas with their unique, innovative experience that is now popping up from other brands off of Rancher's initiative, and is now expanding to a second Scottsdale location on 5th Ave. When the Scottsdale Road location is extremely busy and has its normal wait, guests can now pop over to 5th Avenue for even … [More]
Arizona Named among the Best States in America for Entrepreneurial Success
A new study has revealed the best states in America for entrepreneurial success, with Oregon taking the top spot and Arizona coming in tenth. Digital marketing site DesignRush analyzed data from the US Bureau of Labor Statistics to find the change in the number of business establishments per state between September 2022 and September 2023. The states with the greatest … [More]
Foundation Gives $600K to Help Keep Youth Off the Streets
Funds To Support the Empowering Youth for the Future Program and
Homeless Youth Connection (HYC) has received a $600,000 multi-year grant from The Bob & Renee Parsons Foundation to support the agency’s Empowering Youth for the Future program, with $100,000 of the grant being allocated to enhance and expand a multi-purpose space for in-kind donations, volunteer work and staff functions. Construction will begin later this year on their … [More]
Data Management Co. Appoints New Chief Executive Officer
Semarchy, a master data management (MDM) and data integration leader, announced the appointment of Ben Werth as Chief Executive Officer. Werth brings over a decade of software industry and private equity leadership experience to Semarchy. "I'm honored and excited to join Semarchy at this pivotal time," said Ben Werth, CEO of Semarchy. "With an industry-leading platform, a … [More]
Houston-Based French Café Concept to Open First of Three New Locations in Metro Phoenix
Sweet Paris Crêperie & Café, the ultra-popular restaurant brand specializing in sweet and savory crêpes, hot drinks and more, announced its first Arizona location will open in Scottsdale Quarter in the Fall of 2024. With construction beginning in the coming weeks, the new location at 15147 N Scottsdale Rd, Suite 133, spearheaded by strategic partners John and Sue Gilbert, … [More]
Small Business Uncertainty Index Reaches Highest Level since 2020
Inflation remains the top small business problem
The NFIB Small Business Optimism Index reached the highest reading of the year in May at 90.5, a 0.8-point increase but still the 29th month below the historical average of 98. The Uncertainty Index rose nine points to 85, the highest reading since November 2020. Twenty-two percent of owners reported that inflation was their single most … [More]
