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economy

Jan 7, 2016

Has Airbnb hurt Arizona’s hospitality industry?

Arizona has built a reputation on its multi-billion dollar travel industry with its sprawling resorts and luxury offerings for tourists. But experts acknowledge that demographics and preferences change, and it’s unclear whether Airbnb’s presence will grow in the future.

Dec 29, 2015

Freeport-McMoRan chair and co-founder Moffett resigns

James R. Moffett, the executive chairman and co-founder of the mining company Freeport-McMoRan, is stepping down as plunging commodity prices lead to mass layoffs across the entire industry.

Dec 11, 2015

Chambers align to create more powerful grassroots network

Two of the state’s most influential chambers of commerce have announced a strengthening of their close alignment that will increase the impact of their organizations.

Nov 18, 2015

Keep cool and don’t escalate the situation, top women professionals advise

A great way to deal with adversity in the workplace: Make sure you’re always being the adult in the room.

Nov 11, 2015

Leaders: Customs staff shortage at border hurts business

U.S. Customs and Border Protection is pushing to ease a staffing shortage at Arizona-Mexico ports of entry that business leaders say is hurting the state economy by causing lengthy waits for trucks and tourists.

Nov 5, 2015

Arizona consumers save at gas pump, but spend extra cash at restaurants, on groceries

The average American household has saved $700 from dropping gas prices so far this year, but it appears Arizonans are putting most of that savings right back into the economy, according to a recent study by the JPMorgan Chase Institute.

Nov 5, 2015

Push to extend border zone statewide looks to attract shoppers from Mexico

Walking through Arizona Mills in Tempe announcements of sales can be heard echoing out of the outlet stores first in English, then in Spanish.

Oct 26, 2015

Arizona groups launch equity crowdfunding site to connect businesses with capital

The biggest challenge for Arizona entrepreneurs today is access to capital, said Dan Nienhauser, executive director of Arizona Collaboratory Inc.

Oct 15, 2015

Big banks dominate lending market, but some find success with community banks

For many small businesses, it’s not the idea they struggle with, it’s getting the money to fund it.

Sep 24, 2015

Auditor claims Commerce Authority’s job creation figures are murky

State auditors are faulting the Arizona Commerce Authority for inflating the numbers it uses in claiming how many jobs it helped bring to the state.

Sep 22, 2015

Hong Kong Commissioner: Entrepreneurs in Arizona need to branch out

Hong Kong Commissioner to the U.S. Clement Leung said there were many similarities between Arizona and Hong Kong, and he wants local entrepreneurs to meet face-to-face with their Asian counterparts more often.

Sep 21, 2015

Arizona ranks in bottom fifth of states for tax fairness, report says

Arizona has one of the most regressive tax systems in the country according to a new report.

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