Plug and Play accelerateAZ, a program of the Arizona Commerce Authority (ACA), celebrated the official launch of the new Sustainability accelerator program that will support the growth of sustainability-focused startups in Arizona. During the event, eight startups pitched as part of the Sustainability accelerator Program Selection Day for the Batch 1 cohort. Arizona Governor … [More]
New Terminal Coming to Sky Harbor, Not Anticipated to Begin until After 2030
Phoenix Mayor Kate Gallego and members of the Phoenix City Council heard plans to build a new terminal at Phoenix Sky Harbor International Airport. With more than 48 million passengers in 2023 and passenger numbers continuing to grow, a new terminal is necessary to meet passenger demand and maintain a high level of service. “Phoenix Sky Harbor is busier than ever, which is … [More]
Major Bank Slates Prestigious New Office Building for Both Private and Commercial Banking Teams
JPMorgan Chase announced that it is expanding its footprint in Phoenix to a premiere new office building at 44th Street and Camelback Road, with the Private Bank and Commercial Banking teams co-locating to best serve clients’ banking and financial needs. “For 125 years, we have been serving clients with their financial needs. We have deep roots in Arizona and are excited to be … [More]
Employers Expect Increased Regulatory Enforcement amid Legislative Slowdown in Election Year, Survey Finds
In an election year that could significantly impact the future of employment and labor law, U.S. employers expect heightened regulatory enforcement as they navigate a host of workplace issues, including the disruptive impact of artificial intelligence (AI) and managing divisive political beliefs among employees. That’s according to the 12th Annual Employer Survey released … [More]
ACA Launches New Tools to Support Arizona Small Businesses with Loan Guarantee Program
New loan guarantee and technical assistance programs available for small businesses
Access to capital ranks as one of the largest barriers facing small business owners. To promote small business stability, growth, and success, especially among entrepreneurs from underserved communities, Governor Hobbs and the Arizona Commerce Authority (ACA) have partnered with community financial institutions and mentors to launch a new suite of small business support … [More]
Record-High Monthly Payments Chill Spring Home Selling Season, Declining Rates Could Boost Activity
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May—but last week’s encouraging economic news drove mortgage rates down a bit
The median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, up 14% from a year earlier, and home prices rose 4.5% to their own record high. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The supply of homes for sale lost momentum, with prospective sellers jittery about high … [More]
