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]
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Governor Ducey Announces $3.5 Million to Assist Arizonans, Small Businesses
State of Arizona Office of the Governor
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]
Single-Family Rent Prices Near Double-Digit Growth in August, 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. August 2021 data shows a national rent increase of 9.3% year over year, up from a 2.2% year-over-year increase in August … [More]
The Howard Hughes Corporation and Jerry Colangelo Announce Launch of 37,000-Acre Master-Planned Community in Phoenix’s West Valley
inbusinessPHX.com
The Howard Hughes Corporation and Jerry Colangelo today announced the launch of Douglas Ranch, a new large-scale master-planned community (MPC) in Phoenix’s West Valley. Encompassing nearly 37,000 acres in the nation’s fastest-growing metro region, Douglas Ranch is anticipated to become one of the leading MPCs in the country, with 100,000 homes, 300,000 residents and 55 million … [More]
Amazon Hiring for 6,200 Seasonal Jobs in Cities and Towns Across Arizona
Amazon
Amazon continues to provide diverse employment opportunities for people of all backgrounds and skill levels, announcing today 150,000 seasonal jobs are now available across the U.S. including 6,200 in Arizona. All Amazon jobs in the U.S., including seasonal roles, have an average starting pay of $18 per hour, sign-on bonuses up to $3,000 and an additional $3 per hour … [More]
Baby Boomers and Millennials Are Competing for Homes, and Boomers Are Winning
Zillow
The past year's frenzied housing demand likely has more to do with the demographic makeup of America than a onetime, pandemic-driven boom, a new Zillow® analysis of the age, sex, race and income of home buyers over a decade reveals. Millennials and baby boomers — two of the biggest generations in U.S. history — are in the market for homes in a big way. With an aging … [More]
CPI for All Items Rises 0.4% in September, Food, Shelter Among Tops
U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in September on a seasonally adjusted basis after rising 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. The indexes for food and shelter rose in September and together … [More]
Footprint Center Formally Dedicated, Looks to Be Sustainability Epicenter
inbusinessPHX.com
Footprint, a materials science technology company, and Suns Legacy Partners, LLC, operators of the Phoenix Suns, Phoenix Mercury, and Footprint Center, today officially opened doors on the recently transformed Footprint Center. Leadership from Footprint, and the Suns and Mercury joined City of Phoenix Mayor Kate Gallego and champions of sustainability to formally dedicate … [More]
YAM Worldwide Founder Offers Employees Major Incentive to Get the COVID-19 Vaccine & Flu Shot
inbusinessPHX.com
During a company-wide Zoom meeting, Bob Parsons announced he would not be making vaccines mandatory for the employees of his YAM Worldwide portfolio of companies, instead offering a rich incentive. Globally, YAM Worldwide has more than 1,150 employees and each of them are eligible for a $1,000 bonus if they are fully vaccinated for COVID-19 and receive a flu shot. “We are … [More]
Arizona, California Water Agencies Partner to Advance Development of Large-Scale Recycled Water Project
inbusinessPHX.com
Building on increased collaboration on the Colorado River, water agencies in Southern California and Arizona have forged a new partnership to advance development of one of the largest water recycling plants in the country – a project that would help restore balance to the over-stressed river. Through an agreement approved Tuesday by Metropolitan Water District’s … [More]
July U.S. Mortgage Delinquency Rates Approach Pre-Pandemic Levels, Says Report
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for July 2021. For the month of July, 4.2% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a … [More]
Small Business Optimism Slips in September as Labor Shortages, Inflation Impact Business Operations
NFIB
The NFIB Small Business Optimism Index decreased one point in September to 99.1. Three of the 10 Index components improved, five declined, and two were unchanged. “Small business owners are doing their best to meet the needs of customers, but are unable to hire workers or receive the needed supplies and inventories,” said NFIB Chief Economist Bill Dunkelberg. “The … [More]
Phoenix Suns Announce Partnership with Leading Blockchain Provider
inbusinessPHX.com
Phoenix Suns are proud to announce a new official team partnership with Socios.com, the leading global blockchain provider for the sports and entertainment industry. Socios.com is a direct-to-consumer (D2C) platform that leverages blockchain technology to provide the world’s leading sporting organizations with the tools to engage with and monetize their global … [More]
Payroll Employment Rises by 194,000 in September, Unemployment Rate Declines to 4.8%
U.S. Bureau of Labor Statistics
Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. Employment in public education declined … [More]
