Where Does Arizona’s Revenue Stand At This Moment?

The COVID-19 pandemic that led to tens of thousands of layoffs, and record levels of unemployment claims in Arizona has also pummeled sales tax revenue over the past couple of months. We’ll remain in wait-and-see mode to see whether the lapsing of the stay-at-home order boosted the economy enough to counter the spike in cases[ … ]

Arizona Unemployment Rate Down 4.5 Percentage Points In May

A month after doubling as the state’s economy staggered under the coronavirus pandemic, Arizona’s unemployment dropped by 4.5 percentage points during May. The state Office of Economic Opportunity reported that the seasonally adjusted unemployment rate for May was 8.9%, down from 13.4% in April as business closures and other impacts from the pandemic took hold.[ … ]

How Third-Party Delivery Services Are Reshaping Restaurants

Location, location, location is typically the mantra for most real estate decisions — and that’s definitely been the case for restaurateurs, especially the larger chains. They want to be in higher-traffic areas where other activities take place, either a mall or something similar. But the success and expansion of third-party delivery is causing many in[ … ]

Complaints Lead Phoenix To Pass Short-Term Rental Ordinance

Owners of short-term rentals will soon face new rules. On Tuesday, the city council approved a new ordinance that will take effect in 30 days. The ordinance (details below) will require property owners who rent houses from one to 30 days to register their properties with the city and provide an emergency contact who can[ … ]

Phoenix Home Prices Still Outpacing Wage Growth

A new report shows some good news and bad news for homebuyers. Favorable mortgage rates made buying a home a little more attainable nationwide in the last quarter of 2019, according to the property value analysis from Attom Data Solutions. But the average-priced home is still out of reach for the average wage earner in the[ … ]

Phoenix Sees 2nd Highest Number Of Construction Jobs

In the past year, the Phoenix area saw the second highest number of new construction jobs in the country, according to an analysis of federal employment data by the Associated General Contractors of America. The association found only the Dallas metro area hired more workers (15,000) than Valley contractors (12,400) between September 2018 and September[ … ]

National Council Of Nonprofits CEO: Big Donations Masking Drops In Individual Giving

Some charities across the country are struggling. That’s according to Tim Delaney, the head of the National Council of Nonprofits. Delaney, the group’s president and CEO, was in town recently for the Alliance of Arizona Nonprofits’ statewide conference, and The Show had the chance to to speak with him.

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[ … ]

How Old Town Scottsdale Got Low-Income Opportunity Zone Status

STEVE GOLDSTEIN: The 2017 Tax Cuts and Jobs Act that was approved by Congress and signed by President Trump included a provision on opportunity zones. That gave states the opportunity to nominate certain areas — presumably low-income sections — as those zones, where developers would have incentive to build based on capital gains related tax breaks.[ … ]