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. February 2021 data shows a national rent increase of 3.9% year over year, up from a 3% year-over-year increase in February … [More]
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A Record-Breaking $7.1M for Statewide Nonprofits on Arizona Gives Day 2021
inbusinessPHX.com
Donors in communities across the state came together once again to show their incredible collective and heartfelt support for nonprofit agencies by raising $7.1 million on Arizona Gives Day on April 6, generating $1 million more than during last year’s record-shattering event. More than 40,000 donations supported 982 nonprofit organizations, both large and small, serving … [More]
Governor Ducey Rescinds Order to Require Masks in Schools
State of Arizona Office of the Governor
In alignment with Centers for Disease Control and Prevention (CDC) guidance, Governor Doug Ducey and the Arizona Department of Health Services today rescinded orders that direct K-12 schools to require masks. “Nearly 2 million Arizonans are fully vaccinated against COVID-19, with many teachers and school faculty now fully vaccinated after being some of the first in line for … [More]
SBA Announces Official Restaurant Revitalization Fund Application and Guidelines
U.S. Small Business Administration
SBA Administrator Isabella Casillas Guzman today announced key details on application requirements, eligibility, and a program guide for the Restaurant Revitalization Fund (RRF). The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan, … [More]
Governor Ducey Bans Vaccine Passports in Arizona
inbusinessPHX.com
Governor Doug Ducey today issued an Executive Order banning "vaccine passports" and preventing state and local governments from requiring Arizonans to provide their COVID-19 vaccination status to receive service or enter an area. “The residents of our state should not be required by the government to share their private medical information,” said Governor Ducey. “While we … [More]
Phoenix and Greater Los Angeles Expected to Outperform National Hotel Occupancy Levels
CBRE Hotels Research
The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43% during the first half of 2021, accelerating to 55.1% in the second half of the … [More]
Arizona Cannabis Co. Contracts $25.1M Deal with Real Estate Capital Co.
The Mint
The Mint, a national cannabis operator headquartered in Arizona, has entered into a strategic business contract with NewLake Capital Partners, a Chicago-based provider of real estate capital to cannabis operators. The partnership will allow the Mint to introduce its brand to more states across the U.S., including Massachusetts, while also further cementing its footprint in … [More]
Tenant Move-Outs Overshadow Move-Ins during the First Three Months of 2021
JLL
Tenant move-outs have outnumbered move-ins so far this year in the Phoenix office market, according to the new JLL Q1 Phoenix Office Insight Report, but tour activity has increased, leaving many cautiously optimistic about the year ahead. According to the report, while the Phoenix office market absorbed more than 446,000 square feet during the first quarter of 2021, the … [More]
U.S. Jobless Claims Fall to 576K, Lowest since Pandemic Began
U.S. Department of Labor
n the week ending April 10, the advance figure for seasonally adjusted initial claims was 576,000, a decrease of 193,000 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 25,000 from 744,000 to 769,000. The 4-week moving average was 683,000, a decrease of … [More]
Arizona’s Tax Code Set to Provide $600 Million in Tax Relief for Taxpayers and Small Businesses
State of Arizona Office of the Governor
Governor Ducey signed bipartisan, unanimous tax relief, aligning the state’s tax law with federal law and resulting in $600 million in savings for Arizona taxpayers. “Arizona taxpayers and small businesses were able to weather the unprecedented economic hardship last year during the pandemic in part to action taken by our federal partners,” said Governor Ducey. “By … [More]
ADHS Releases New Vaccination PSA Featuring Several Community Leaders
Arizona Department of Health Services
The Arizona Department of Health Services (ADHS) launched a new public service announcement as part of the “Roll Up Your Sleeve to Get Vaccinated Against COVID-19” campaign. The new PSA features community leaders, local celebrities, and influencers from several industries including professional sports teams, the faith community, non-profits, and the business community. “We … [More]
Li-Cycle to Build New Lithium-Ion Battery Recycling Facility in Gilbert
Li-Cycle
Li-Cycle Corp., an industry leader in lithium-ion battery resource recovery and the largest lithium-ion battery recycler in North America, today announced that the Company will build its third commercial lithium-ion battery recycling facility, to be located in Gilbert, Arizona, within the Phoenix metropolitan area. When complete, Li-Cycle’s “Spoke 3” facility will be capable … [More]
ADHS Recommends Pause in Johnson & Johnson COVID-19 Vaccine
Arizona Department of Health Services
The Arizona Department of Health Services (ADHS) today announced it is recommending a pause in the use of the Johnson & Johnson COVID-19 vaccine based on recommendations from the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA). The CDC and FDA are recommending a pause in the use of the vaccine based on six reported U.S. cases, out … [More]
U.S. Mortgage Delinquency Rates Fall for Fifth Consecutive Month; Lowest Levels Seen Since Start of Pandemic
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2021. For the month of January, 5.6% 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 2.1-percentage point increase in … [More]
Small Business Owners Struggle to Find Qualified Workers
NFIB
The NFIB Small Business Optimism Index rose 2.4 points in March to 98.2. March’s reading is the first return to the average historical reading since last November. The NFIB Uncertainty Index increased six points to 81, which was primarily driven by owners being more uncertain about whether it is a good time to expand their business and make capital expenditures in the coming … [More]
How Minority-Owned Small Businesses Can Gain a Competitive Edge with a Diversity Certification
by Edgar R. Olivo
If you own a small business and are part of a certain demographic group, your business could qualify for a diversity certification, which will grant you access to special grants, supplier programs and large contracts. This is a great way to grow your business when you plan to sell to other businesses or the government. As diversity becomes an ever-increasingly important topic … [More]
EN NEGOCIOS: Cómo las pequeñas empresas propiedad de minorías pueden obtener una ventaja competitiva con una certificación de diversidad
por Edgar R. Olivo
Si posee una pequeña empresa y es parte de un determinado grupo demográfico, su empresa podría calificar para una certificación de diversidad que le otorgará acceso a subvenciones especiales, programas de proveedores y grandes contratos. Esta es una excelente manera de hacer crecer su negocio cuando planea vender a otras empresas o al gobierno. A medida que la diversidad se … [More]
CPI Rises 0.6% in March as Gasoline Index Continues to Rise
U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in March on a seasonally adjusted basis after rising 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today. The March 1-month increase was the largest rise since a 0.6-percent increase in August 2012. Over the last 12 months, the all items index increased 2.6 percent before … [More]
