Maricopa County Ranked No. 1 Again for Talent Attraction

Arizona Commerce Authority

At a time when workers are in high demand across the country, Maricopa County’s efforts to attract skilled talent lead the nation, according to a new report. Labor market analyst EMSI ranked the Phoenix region no. 1 in talent attraction, the second year in a row and 4th time in six years. According to the report, Arizona’s largest county saw the highest increase of working age … [More]

House-Buying Power Exceeds Median House Prices in Most Markets

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 September 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]

Micro and Small Business Grants Up to $15K Now Available for Phoenix Businesses

City of Phoenix

Small business resiliency grants up to $15,000 are available beginning this week for Phoenix businesses through the PHXbizGrants program. An allocation of $8 million in funds from the American Rescue Plan Act of 2021 by the Phoenix City Council created a program helping micro and small businesses with the pandemic’s economic impact. The PHXbizGrants application portal is now … [More]

Federal Minimum Wage Increases to $15 per Hour

U.S. Department of Labor

On November 22, 2021, the Department announced publication of the final rule, “Increasing the Minimum Wage for Federal Contractors.” The Department has finalized regulations to implement Executive Order 14026, “Increasing the Minimum Wage for Federal Contractors,” which was signed by President Joseph R. Biden Jr. on April 27, 2021. Executive Order 14026 states that the Federal … [More]

U.S. Weekly Jobless Claims Hit Lowest Level since 1969

Rick McCartney

In the week ending November 20, the advance figure for seasonally adjusted initial claims was 199,000, a decrease of 71,000 from the previous week's revised level. This is the lowest level for initial claims since November 15, 1969 when it was 197,000. The previous week's level was revised up by 2,000 from 268,000 to 270,000. The 4-week moving average was 252,250, a decrease of … [More]

Arizona Public Universities’ Enrollment Growing with Notable Increase in Online Programs

inbusinessPHX.com

During fall 2021, overall enrollment at Arizona’s public universities increased with notable growth in students taking online classes, according to the Fiscal Year 2022 Fall Enrollment Report approved by the Arizona Board of Regents. Online degree program students now comprise a third - 33.4% - of the university system’s total enrollment. Total student enrollment at … [More]

Federal Officials Sign Grant Agreement for Northwest Extension II

inbusinessPHX.com

Federal and local dignitaries gathered Friday to celebrate the signing of a $158 million full funding grant agreement for the Northwest Light Rail Extension Phase II (NWEII). The extension adds 1.6 miles of track, three stations and a multimodal transit center to the existing 28-mile light rail system. The event culminated an exciting week for transportation with the … [More]

AZ Inno: A New National Effort Wants to Focus on the Long Game for Microchips

inbusinessPHX.com

Amid high demand for microchips, there is a new, national effort to chart the future of the U.S. semiconductor industry — and it runs right through Arizona. The National Semiconductor Economic Roadmap, known as NSER (pronounced like “answer”), launched on September 28, 2021, with a mission to “boost U.S. semiconductor competitiveness through a focus on the workforce, … [More]

COVID-19 Vaccine Boosters Now Available to Everyone 18 and Older

Arizona Department of Health Services

Expanding eligibility for COVID-19 vaccine boosters to everyone 18 and older is welcome news as the holiday season nears in Arizona. Following approval by the Food and Drug Administration (FDA), the Centers for Disease Control and Prevention (CDC) today recommended booster doses of the Pfizer or Moderna vaccines for all adults who are at least six months past their second … [More]

Billions Still Available: Updated Guidance Regarding Applicant Deadlines for COVID EIDL

U.S. Small Business Administration

The U.S. Small Business Administration (SBA) announced updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need, while funding remains available. Since its inception, the COVID EIDL program, a federal disaster relief loan designed to better serve and support our small business communities still reeling from … [More]

Arizona’s Main Streets Could Still Use the Help

inbusinessPHX.com

The state’s leading small-business association today encouraged all Arizonans to reserve some of their holiday shopping time and money for Small Business Saturday, November 27, the day after Black Friday and two days before Cyber Monday. “Shopping at small businesses helps the Arizona economy,” said Chad Heinrich, Arizona state director for the National Federation of … [More]

Americans Encouraged to ShopSmall® for 12th Annual Small Business Saturday, Nov. 27

U.S. Small Business Administration

U.S. Small Business Administration Administrator Isabella Casillas Guzman encouraged Americans to Shop Small on Small Business Saturday®, November 27, in support of their local businesses and Main Street economies. “This Small Business Saturday, let’s celebrate the contributions of small businesses to our communities by supporting small in all the ways that we can,” said … [More]

Home Prices Start Q4 Slower, But Just Slightly, Reveals Home Price Index

Radian

In a repeat of the 2020 experience, after a very strong third quarter, home prices across the United States continued to climb in October albeit at a slower pace than in September. Radian HPI rose at an annualized rate of 17.3 percent in the month of October, slightly below the 17.6 percent recorded in the prior month, according to Radian Home Price Index (HPI) data released … [More]

U.S. Weekly Jobless Claims Remain Steady, Little Sign of Worsening

U.S. Department of Labor

In the week ending November 13, the advance figure for seasonally adjusted initial claims was 268,000, a decrease of 1,000 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 2,000 from 267,000 to 269,000. The 4-week moving average was 272,750, a decrease of … [More]

Single-Family Rent Prices Hit Double-Digit Growth in September, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. September 2021 data shows a national rent increase of 10.2% year over year, up from a 2.6% year-over-year increase in September … [More]

Three Large Projects Break Ground to Push Construction Starts Higher, Semiconductor Plant in Phoenix Tops List

Dodge Construction Network

Total construction starts pushed 16% higher in October to a seasonally adjusted annual rate of $1.01 trillion, according to Dodge Construction Network. Nonresidential building starts gained 29% and nonbuilding moved 52% higher in October, while residential starts lost 8%. The month’s large gains resulted from the start of three large projects: two massive manufacturing plants … [More]

Make COVID-19 Safety Part of Your Holiday Planning

Arizona Department of Health Services

Continued COVID-19 spread, influenza season, and the coming holidays make it more important than ever to plan ahead for safe gatherings with family and friends. “There are ways to enjoy holiday traditions and connect with your loved ones while protecting yourself, your family, and your community,” said Dr. Richard Carmona, 17th U.S. Surgeon General and special adviser to … [More]

$100M Commitment to Expand High-Speed Broadband to Unserved or Underserved Arizona

inbusinessPHX.com

Governor Ducey Invests $100 Million To Expand High-Governor Ducey announced a $100 million commitment to expand high-speed broadband to unserved or underserved areas of the state, making it one of the single largest broadband investments in state history. The program, known as the Arizona Broadband Development Grant Program, will enable local communities to construct or … [More]

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