Providers across Arizona are set to begin offering safe, free, and highly effective COVID-19 vaccines to children ages 5 to 11 following this week’s approval by the Centers for Disease Control and Prevention (CDC). "Parents already protect their kids against a host of diseases that have been eliminated or all but eliminated thanks to the modern miracle of vaccines,” said Don … [More]
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Providers across Arizona Set to Begin Vaccinating Ages 5-11 against COVID-19
Arizona Department of Health Services
Survey Shows Supply Chain Issues and Staffing Shortage Will Raise Prices, Costs
NFIB
The NFIB Research Center released its latest COVID-19 survey assessing how the COVID-19 pandemic has affected small businesses. This is the 20th survey in the series and includes updates on supply chain disruptions, the staffing shortage, and anticipations about the upcoming holiday season. The survey was conducted from October 25-27 with 613 responses … [More]
US Annual Home Price Growth Hits 18% in September as Supply and Demand Imbalances Intensify
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 September 2021. Demand for homebuying remained strong through the end of the summer. However, the ongoing housing supply shortage has continued to drive up prices, which increased 18% year over year … [More]
7 Ways the Infrastructure Bill Aims to Help Small Businesses
by Edgar R. Olivo
It may appear that the economy is back to business but, after experiencing the shock of COVID-19, many small businesses are still unable to recover. The recovery efforts have impacted the smallest businesses within many demographics of our communities, and access to more resources has become a priority in the Biden Administration and a major key in the Infrastructure Investment … [More]
EN NEGOCIOS: 7 formas en las que la ley de infraestructura ayudará a las pequeñas empresas
por Edgar R. Olivo
Puede parecer que la economía ha vuelto a funcionar, pero después de experimentar el impacto de COVID-19, muchas pequeñas empresas aún no pueden recuperarse. Los esfuerzos de recuperación han impactado a las empresas más pequeñas dentro de muchos datos demográficos de nuestras comunidades y el acceso a más recursos se ha convertido en una prioridad en la Administración de Biden … [More]
One-Time Program Aims to Keep Low-Income Homeowners in Their Homes
inbusinessPHX.com
Governor Doug Ducey and the Arizona Department of Housing announced $197 million to launch the Homeowner Assistance Fund, helping Arizona homeowners struggling financially to pay their mortgage and other home-related expenses. “We want to make sure families stay in their homes and continue to have a roof over their heads,” said Governor Ducey. “As Arizona emerges out of the … [More]
SBA Announces $44.8 Billion through Signature Lending Programs
U.S. Small Business Administration
U.S. Small Business Administration Administrator Isabella Casillas Guzman announced the agency reached $44.8 billion in funding to small businesses through more than 61,000 traditional loans for fiscal year (FY) 2021. “In the midst of a once-in-a-generation pandemic, the SBA’s mission-driven team delivered a record number of SBA’s traditional loans to our nation’s small … [More]
Q3 Arizona Business Index Released, Consumer Confidence Drops
Greater Phoenix Chamber
The Greater Phoenix Chamber recently released the Q3 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. “We are pleased to see job satisfaction improving as Arizona continues to rebound from the pandemic,” said Todd Sanders, president and … [More]
Economic Growth Rate Slows to 2%, Sharp Decline in Consumer Spending
Bureau of Economic Analysis
Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the third quarter of 2021 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 6.7 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source … [More]
U.S. Weekly Jobless Claims Fall to New Pandemic Low of 281,000
U.S. Department of Labor
In the week ending October 23, the advance figure for seasonally adjusted initial claims was 281,000, a decrease of 10,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 1,000 from 290,000 to 291,000. The 4-week moving average was 299,250, a decrease of … [More]
Harvard Investments, Toll Brothers, and Värde Partners Acquire Estrella under Joint-Venture Partnership
inbusinessPHX.com
Harvard Investments, Toll Brothers, and Värde Partners announced today they formed a joint venture to acquire the remaining undeveloped land in Estrella, a mixed-use master-planned community located in Goodyear, Ariz. The acquisition includes more than 18,000 acres of entitled land. This purchase is one of the largest acquisitions of an active master-planned community in … [More]
Rising Rates Expected to Dull House-Buying Power, According to House Price Index
First American Financial Corporation
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the August 2021 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on … [More]
Governor Ducey Announces $3.5 Million to Assist Arizonans, Small Businesses
State of Arizona Office of the Governor
Governor Doug Ducey today announced $3,575,000 to support programs that help Arizonans and small businesses recover financially from the effects of the COVID-19 pandemic. “This past year has brought extraordinary challenges on Arizonans and businesses across the state, and we are committed to helping them get back on their feet,” said Governor Ducey. “We’re making … [More]
Boosters Authorized for Moderna and Johnson & Johnson/Janssen COVID-19 Vaccines
Arizona Department of Health Services
The Arizona Department of Health Services is welcoming a federal government decision authorizing booster shots from any of the three COVID-19 vaccines now available. “Booster doses are safe, free, highly effective, and widely available around Arizona,” said Don Herrington, the department’s interim director. “If you are eligible for a booster, we recommend you take advantage … [More]
Phoenix Closes in on Record Workforce Size
City of Phoenix
Employers are making a strong return in the Phoenix metro area, adding 126,500 jobs in September which accounts for 88 percent of job growth in Arizona for the month in year-over-year data comparisons. In total, Arizona added 143,900 jobs in the month as reported October 21 by the Arizona Office of Economic Opportunity. Phoenix has recovered all jobs lost in the pandemic … [More]
Real Estate Investors Buy More, Pay Less Says Report
inbusinessPHX.com
Investor purchases accounted for 15.4% of all home purchases nationally in Q2 2021 compared with 11.5% in Q2 2020 – a year-over-year increase of 3.9 percentage points – according to a new report released today from RealtyTrac. In addition to the annual increase in investor purchase activity, the Fall 2021 RealtyTrac Investor Purchase Report shows that investors are typically … [More]
U.S. Weekly Jobless Claims Fall to New Low since Pandemic Began
U.S. Department of Labor
In the week ending October 16, the advance figure for seasonally adjusted initial claims was 290,000, a decrease of 6,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 3,000 from 293,000 to 296,000. The 4-week moving average was 319,750, a decrease of … [More]
Optimism of Women- and Black-Owned Online Microbusinesses in the U.S. Grows during Pandemic, Survey Finds
GoDaddy
GoDaddy, the company that empowers everyday entrepreneurs, today announced new survey findings from its multi-year Venture Forward initiative showing that online microbusiness owners are more optimistic now compared to a year ago despite the ongoing pandemic, with Black and Hispanic entrepreneurs expressing the most optimism about the prospects for their businesses in the near … [More]
