Study Reveals Economic Impact Of Downtown Phoenix

If you’ve been to downtown Phoenix recently, you’ve seen the boom of multi-family housing, skyscrapers, restaurants and bars opening all the time in the area. Annually, Downtown Phoenix, Inc. commissions an economic study of how the district is performing by analyzing the sales tax revenues for restaurants, bars and hotels. For the 2018 study, they[ … ]

Phoenix Experiences Record Employment Growth in 2017

The latest job numbers for the Phoenix metro area show record employment growth in 2017. Christine Mackay, Community and Economic Development director with the City of Phoenix, said the metro region added over 38,000 full-time, non-farm jobs in 2017. “Where we saw the greatest growth was in education and healthcare hiring,” Mackay said. “Another thing[ … ]

Cashing In On Opportunity And Quality Jobs In Metro Phoenix

Despite gains in jobs and company payrolls since the Great Recession, many workers feel financially left out. Pew Research Center examined household incomes and expenditures between 2004 and 2014. It found the median income had declined 13 percent while spending on things like housing, food and clothing increased nearly 14 percent. But, some workers are[ … ]

Report: Arizona, Phoenix Property Taxes Among Lowest

People who owned single-family homes in Arizona last year paid more than $3 billion in property taxes. The bulk of that cash — more than $2 billion — came from the Valley where the average bill was $1,900. ATTOM Data Solutions looked at property taxes by state and metro areas and found Arizona and Phoenix[ … ]

Pitching Phoenix: How Businesses Are Helping To Grow Downtown

When it comes to attracting businesses to their downtowns, many city leaders like to promote “walkability.” It means an area is pedestrian safe and welcoming. But, in Phoenix, the woman whose main job is to help create jobs, said “walkability” is nothing special. Instead, she thinks the nation’s 6th-largest city should focus more on its[ … ]

Veteran Entrepreneurs Bring ‘Threshold Of Pain’ To Startup World In Valley

When we hear about veterans, we usually hear stories of war, about issues at the VA, or their struggles with PTSD or homelessness. But, there’s another side to that story that veteran Phillip Potter wants you to hear. Too often, Potter said, the narrative about veterans is negative: “We’re all homeless or we’re broken, or[ … ]

Phoenix-Area Retail Construction Hits Highest Level Since 2009

Research by commercial real-estate firm CBRE says more than 1.3 million square feet of new retail space opened across the Valley last year. That’s more than double the year before, but still a fraction of the pre-recession peak. In 2007, the Valley experienced nearly 10 times the retail construction we saw last year. But, that’s[ … ]

Phoenix Projected To Be Top Housing Market In 2017

The Valley’s relationship with real estate has been up and down, featuring some of the best and worst runs of any market in the country. Over the past couple of years, normalcy has set in with prices gradually going up and foreclosures going down. And now, the website Realtor.com is projecting that Phoenix will be[ … ]

For Financial Services Jobs, ‘Numbers Work In Favor Of Phoenix’

New economic realities, post-recession regulations and technological changes are creating profit pressures on financial services firms. And, that’s leading to more jobs in Phoenix. Darin Mellot co-authored an industry study for commercial real-estate firm CBRE. It shows banks, insurance companies and other financial firms are moving more into non-traditional markets that offer good value. “You[ … ]