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economy

Sep 16, 2014

Legal threat helps derail Commerce Authority loan to railroad

A group attempting to round up enough money to save a railroad that serves as Snowflake’s economic lifeline has decided not to take a loan from the Arizona Commerce Authority over concerns and possible legal action from a conservative think tank.

This June 22, 2012 file photo shows a Tesla Model S driving outside the Tesla factory in Fremont, Calif. Electric-car company Tesla Motors has filed notice it intends to sue New Jersey over a ruling that would stop it from selling its vehicles in the state within two weeks. Palo Alto, Calif.-based Tesla claims it was unfairly targeted in March 2014 when the state Motor Vehicle Commission amended its regulations. The regulations require new-car dealers to have franchise agreements before they can be licensed. That prohibits companies from using a direct-sales model as Tesla does. (AP Photo/Paul Sakuma, File)
Sep 3, 2014

AP source: Tesla chose Nevada over Arizona, others for battery plant

To bring electric cars to the masses, Tesla Motors will use an expanse of desert where wild mustangs still roam for a factory that the company projects will crank out enough batteries to power 500,000 vehicles annually by decade's end.

Aug 25, 2014

Affordable Care Act leads to growth in health care jobs

The state’s jobless rate ticked up one-tenth of a point last month, to 7.0 percent, amid lackluster overall growth of jobs in the private sector and sharp but seasonally expected declines in employment in public education.

Aug 5, 2014

Housing market in Phoenix metro area is in a slump

The housing market in the Phoenix metropolitan area is in a slump.

Jul 30, 2014

Arizona tourism improves slightly, visitors spent nearly $20 billion last year

Tourism in Arizona is now back to where it was before the recession — and SB1070 — hit. But it’s nowhere near where it should be, according to the state’s top tourism official. Figures from a study done for the Arizona Office of Tourism show that 39.1 million people visited the state and spent at least one night here in 2013.

Jul 21, 2014

Return of the deficit: a budget nightmare on Washington Street

If Freddy Krueger were visiting Arizona’s treasury instead of terrorizing teenagers’ dreams, he would be clawing, burning and plunging it into another nightmare of billion-dollar proportions.

Jul 16, 2014

Glendale City Council supports tribe’s casino plan

GLENDALE ai??i?? The Glendale City Council has approved a resolution to support the Tohono O'Odham Nation's proposal to build a casino near the city's sports and entertainment district.

Jul 7, 2014

Number of Arizonans living in ‘poverty areas’ jumped in 2010

The number of Arizona residents living in concentrated “poverty areas” grew significantly in the first decade of the century, according to a new Census report.

Jul 3, 2014

Arizona has yet to recover pre-recession job level

New labor statistics show that Arizona ranks next-to-last in its recovery of jobs lost in the Great Recession as it still struggles to dig out of the hole from the collapse of the construction industry.

Jul 1, 2014

Arizona food prices inch up, led by spike in meat costs

If you want red meat in your diet, be prepared to pay more. The latest survey done by the Arizona Farm Bureau Federation shows the cost of a typical market basket of items hit $52.64 in the quarter just ended. That’s up just slightly from the prior quarter.

Jun 20, 2014

Arizona lost private sector jobs in May

Arizona lost 800 private sector jobs last month as the state continues to find its financial footing to finally recover from the recession.

Jun 17, 2014

Phoenix to vote on higher downtown parking rates

Parking rates on some downtown Phoenix streets could soon cost as much as $4 per hour during peak times.

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