For the second year in a row, Arizona and the Arizona Commerce Authority (ACA) are being recognized for innovative economic development initiatives. Business Facilities Magazine recently announced the Arizona Commerce Authority as one of six state winners of its second annual Economic Development Organization (EDO) Awards, recognizing Arizona’s Future48 Workforce Accelerator … [More]
Home Prices Hit Another Record High, Pushing Pending Sales Down 4%, Says Report
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly
The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. That’s according to a new report from Redfin, the technology-powered real estate brokerage. Weekly average mortgage rates dipped to 7.02% from a five-month high of 7.22% at the start of the month, bringing the median monthly housing payment to $2,854, roughly … [More]
How Entrepreneurship Uplifts Underserved, Diverse Communities
There is no shortage of stories about how entrepreneurship and innovation can spur economic growth under the right conditions, but another intriguing, and often overlooked, characteristic of entrepreneurship is its ability to uplift underserved, diverse communities. In fact, entrepreneurship not only plays a key role in bringing social issues to the forefront, it often … [More]
Texas Taco Franchise Announces Expansion in Arizona
Fuzzy’s Taco Shop, the fast-casual+ restaurant brand serving Mexican favorites with a splash of Baja, recently announced the signing of two multi-unit development agreements to mark the brand’s expansion throughout Arizona and Texas. The deals will bring 40 new restaurants to market over the next eight years, reinforcing the brand’s incredible potential for growth. "Fuzzy’s … [More]
