Industry Outlook 2019-2020: High-Tech

Leaders say that growth areas are in cyber and data security (including managed services) as well as SaaS (Software as a Service) rather than in actual software. Cloud and subscription-based services are taking the lead as well as Internet of Things, data collection and connectivity innovations. Recently, stratospheric technology company, World View named a new[ … ]

The DOL announces final overtime rule impacting Arizona businesses

The U.S. Department of Labor (DOL) released a long-anticipated final ruling on September 24, 2019, which revises federal overtime regulations. Changes will be effective January 1, 2020, resulting in the eligibility of overtime pay for approximately 1.3 million workers. As many business owners may recall, a similar overtime regulation update was initiated by the Obama[ … ]

Industry Outlook 2019-2020: Hospitality & Restaurant

Hotel and restaurant remodeling and upgrades have been in full swing since 2017. However, costs are rising for supplies, advertising and personnel, with some leaders reporting a 5 percent average impact on wage costs to keep key employees. They say that employees may jump to another hospitality competitor or leave the industry entirely for better-perceived[ … ]

Industry Outlook 2019-2020: Manufacturing

More than economic shifts, manufacturing leaders with government contracts note that government regulations inpact business–for better or for worse. For example, changes in safety regulations or competitive technologies create a cascade of product and process changes. Concerns about more automation or investing in artificial intelligence appear to be a future concern, but leaders say they[ … ]

Arizona Chamber Of Commerce: USMCA Trade Agreement Will Pass Regardless Of Possible Impeachment Process

MEXICO CITY — The president a leading Arizona business group expects the U.S. Congress to ratify the US-Mexico-Canada trade agreement (USMCA) soon to improve the state’s economy — regardless of a possible impeachment process. Glenn Hamer is president of the Arizona Chamber of Commerce and Industry. He said he believes the USMCA will pass, even[ … ]

Arizona CFOs reveal cautious optimism for 2020

[September 30, 2019 – PHOENIX] – Although early predictions for a downturn in 2019 have not come true, Arizona’s industry leaders are planning for the unexpected while hoping for the best. Results from the 2019-2020 Arizona CFO Spotlight Survey indicate a strong focus on operational efficiency, reputation management, and talent planning. The fourth annual survey[ … ]

DOL Final Rule on Association Retirement Plans (ARPs) Benefiting Small and Mid-size Businesses

According to a 2018 study by the U.S. Bureau of Labor Statistics, “approximately 38 million private-sector employees in the United States do not have access to a retirement savings plan through their employers.” On July 29, 2019, the U.S. Department of Labor announced a new rule that allows small and mid-size businesses to gain access[ … ]