Small Business Compensation Plans Fall to Lowest Level Since 2021

Fewer owners are planning to raise compensation in the coming months

According to NFIB’s monthly jobs report, a net 18% (seasonally adjusted) of small business owners plan to raise compensation in the next three months in May, down three points from last month and the lowest reading since March 2021. Seasonally adjusted, a net 37% of owners reported raising compensation, down one point from April but historically very high. “An exceptionally … [More]

Japanese Retail Store Opens in Phoenix

Daiso, the renowned global retail chain offering a wide range of affordable and unique products, announced the grand opening at Mountain Park Plaza in Phoenix, Arizona on June 22nd. "We are thrilled to open our store at Mountain Park Plaza," said Jack Williams, Chief Retail Operations Officer for Daiso USA. "This achievement reflects the dedication and support of our … [More]

Real Estate Developer Sells Goodyear Airport Portfolio, Two Fully Leased Industrial Buildings

CIM Group announced the sale of the Goodyear Airport portfolio which is comprised of two, fully leased industrial buildings totaling 726,802 square feet located at 2250 S. Litchfield Road and 1685 S. Litchfield Road, adjacent to the Phoenix Goodyear Airport in Arizona. CIM Group acquired the 450,619-square-foot building at 2250 S. Litchfield Road in August 2021. The building … [More]

SBA Launches Working Capital ‘Line of Credit’ Pilot Program

Pilot Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Published on June 6, 2024

The U.S. Small Business Administration (SBA) announced the 7(a) Working Capital Pilot (WCP) Program. The WCP offers a newly structured line of credit, made by 7(a) lenders and backed by the SBA, designed to give greater flexibility than a traditional term loan. “Small businesses require working capital through competitively-priced lines of credit to operate efficiently and … [More]

Phoenix Chamber Announces 2024 Impact Award Recipients

The Greater Phoenix Chamber has selected ten local companies as recipients of its 37th Annual IMPACT Awards. The IMPACT Awards honor the accomplishments of small and mid-to-large Valley businesses and their positive influence on the community and economy. These recipients were selected following a community vote among 30 finalists of the more than 100 businesses nominated for … [More]

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