Greater Phoenix posted its first quarterly decrease in office vacancy since the pandemic hit in 2020, according to a report released by Colliers in Arizona. Additional office market conditions include steady rental rates and impressive investment sales. Population growth and economic expansion in Greater Phoenix are credited with helping the area’s office market remain … [More]
You are here: Home / Archives for Top Stories
Inflation Continues Impact on Small Businesses, Says Survey
NFIB
The NFIB Small Business Optimism Index decreased slightly in January to 97.1, down 1.8 points from December. Inflation remains a problem for small businesses as 22% of owners reported that inflation was their single most important business problem, unchanged from December when it reached the highest level since 1981. The net percent of owners raising average selling prices … [More]
Banner MD Anderson Launches Landmark Research Expansion
inbusinessPHX.com
In a major milestone for cancer research in the southwest, Banner MD Anderson Cancer Center opened a $1 million Investigational Cancer Therapeutics Research Unit on the Banner Gateway Medical Center campus. The specialized space will benefit cancer patients enrolled in first-in-human and early therapeutic trials requiring close monitoring during study treatments, and expands … [More]
Talking Stick Resort Named Official Casino Sponsor of the WM Phoenix Open
inbusinessPHX.com
Talking Stick Resort is proud to announce that it will serve as the ‘Official Casino of the WM Phoenix Open.’ The partnership marks the start of a three-year agreement between the resort and the legendary PGA TOUR event, now in its 87th year. A fan-favorite and widely considered “The People’s Open,” the 2022 WM Phoenix Open tees off today through Feb. 13 at TPC … [More]
U.S. Gains 467,000 Jobs in January, Hiring Much Stronger Than Expected
U.S. Bureau of Labor Statistics
Total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. This news release presents statistics from two … [More]
Historic Number of Small Business Owners Raising Compensation in January, Says Report
NFIB
A historic number of small businesses are struggling to increase their workforce, according to NFIB’s monthly jobs report. A net 50% (seasonally adjusted) of small business owners reported raising compensation, up two points from December and a 48-year record high reading. A net 27% plan to raise compensation in the next three months, down five points from … [More]
U.S. Weekly Jobless Claims Fall for Second Straight Week
U.S. Department of Labor
In the week ending January 29, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 23,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 260,000 to 261,000. The 4-week moving average was 255,000, an increase of 7,750 from the previous week's revised average. The previous week's average was revised … [More]
Carvana Super Bowl Advertising Debut Promises Fans, We’ll Drive You Happy™
inbusinessPHX.com
Carvana, the industry pioneer for buying and selling cars online, announces its Super Bowl national advertising debut to show customers that their Carvana experience will leave them feeling energized, cared for and empowered. Carvana’s position as the fastest organic growth auto retailer in U.S. history proves it has successfully changed the way people buy and sell cars. … [More]
Upward Trend in Annual Home Price Appreciation Continues, Up 18.5% in December
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for December 2021. Consumer desire for homeownership against persistently low supply of for-sale homes created one of the hottest housing markets in decades in 2021 — and spurred record-breaking home … [More]
Declined for EIDL? SBA Has Updated Deadline
U.S. Small Business Administration
The U.S. Small Business Administration (SBA) announced updated guidance for those small businesses that have already applied for the Targeted EIDL Advance program, received a decline, and are interested in applying for reevaluation. Specifically, the following updated guidance is being provided: Current Targeted EIDL Advance applicants: Those interested in being … [More]
2 in 3 U.S. Companies Plan to Expand Their Teams in First Half of 2022, Says Report
inbusinessPHX.com
The job market will continue its recovery well into 2022, research from talent solutions and business consulting firm Robert Half suggests. According to the company’s State of U.S. Hiring Survey of more than 2,300 senior managers, 65% of respondents anticipate adding new permanent positions in the first half of the year, up 14 points from six months ago; another 33% expect to … [More]
Arizona Business Index Reveals Continued Concern About Inflation and Pandemic, Economic Optimism Declines
Greater Phoenix Chamber
The Greater Phoenix Chamber recently released the Q4 Arizona Business Index™ (ABI™), powered by OH Predictive Insights (OHPI). The study measures and interprets the health of the Arizona economy from the perspective of the Arizona consumer. The final quarter of 2021 saw dips in consumer sentiment, economic optimism, and job satisfaction. Consumers also weighed in on their … [More]
SBA Commits to Continued Equitable Access to Resources and Opportunities to Indian Country Businesses
U.S. Small Business Administration
Administrator Isabella Casillas Guzman head of the U.S. Small Business Administration (SBA), and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet signed the Agency's Tribal Consultation Policy of 2022. The Agreement, which directs the SBA’s coordination with Tribal governments, also recognizes the Federal Government’s unique relationship with … [More]
Investing in Arizona Workers, Ducey Outlines Plan
inbusinessPHX.com
Governor Doug Ducey outlined an ambitious 2022 policy agenda earlier this month, including an important initiative to significantly expand Arizona’s talented workforce. The Governor proposes to establish six advanced manufacturing training centers facilitated by community colleges across the state. “Let’s invest in the worker, arming them with the skills they need for our … [More]
Personal Income Rises Less Than Expected in December 2021
U.S. Bureau of Labor Statistics
Personal income increased $70.7 billion (0.3 percent) in December according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2 percent) and personal consumption expenditures (PCE) decreased $95.2 billion (0.6 percent). Real DPI decreased 0.2 percent in December and Real PCE decreased 1.0 percent; … [More]
Phoenix Second Highest Rate of Inflation, Says Report
inbusinessPHX.com
The most popular U.S. migration destinations tend to have high rates of inflation, according to a new report from Redfin, the technology-powered real estate brokerage. Atlanta, the 10th most popular migration destination in the fourth quarter, saw prices of goods and services increase by 8.9% year over year during the same period, the highest inflation rate of all the metros … [More]
United Officially Opens Flight Academy, Welcomes Historic Inaugural Pilot Class to Goodyear Facility
inbusinessPHX.com
United, the only major U.S. airline to own a flight training school, officially opened United Aviate Academy today and welcomed a historic inaugural class of future pilots, 80% of whom are women or people of color. United Aviate Academy is a key part of the airline's goal to train about 5,000 new pilots at the school by 2030, with at least half women or people of color. This … [More]
Steve Seleznow Announces Retirement from Arizona Community Foundation
inbusinessPHX.com
The Arizona Community Foundation announced that Steve Seleznow will retire from his role as President and CEO of Arizona’s statewide community foundation after 13 years of leadership. Seleznow has been a transformative CEO and will continue to lead ACF through March 31, 2023. The ACF Board of Directors selected Carlson Beck—a national executive search firm focused on … [More]
