APRIL 2024 ISSUE
Capital Ideas: How Different Types of Funding Can Grow Business
Prominently visible on buildings around town are names that demonstrate the strength and depth of the financial sector here — serving a business community equally strong and varied. We connected with select members of that sector to present an overview of funding types and opportunity. Notes Ken Bauer, chief lending officer at OneAZ Credit Union, “In order to grow or … [More]
April 2024 Guest Editor RaeAnne Marsh, In Business Magazine
Capital is recognized as the essential foundation of business. But even more basic is access to capital. And to knowledgeable counsel on achieving that access and making the most of financial opportunity that goes with it. This month’s cover story looks at sources of capital from several different angles — including types of funding programs and financial … [More]
TOP STORIES
Phoenix Airport System’s Economic Impact Is $44.3 Billion, Says New ASU Study
According to a new Arizona State University W.P. Carey School of Business study, the economic impact of the Phoenix Airport system has increased nearly 15% since 2016. The study, which is based on calendar year 2022 figures, shows that Phoenix Sky Harbor, Phoenix Deer Valley, and … [More]
SBA Arizona Honors National Small Business Week Award Winners
In celebration of National Small Business Week (NSBW), April 28 – May 4, the U.S. Small Business Administration (SBA) is honoring Arizona entrepreneurs, small business champions and lending partners for their contributions to the economy. Over 99 percent of the businesses in the state are small businesses. Small businesses drive innovation and job growth, vital to … [More]
Buying a Home Costs More Than Ever, With Prices Hitting All-Time High and Mortgage Rates Rising, Despite Metro Phoenix Increase in New Listings
The median U.S. home-sale price hit a record $383,725 during the four weeks ending April 21, up 5.2% from a year earlier—one of the biggest jumps since October 2022. That’s according to a new report from Redfin, the technology-powered real estate brokerage. The Phoenix Metro area saw a 25.8% year-over-year increase in new listings in this period. The average … [More]
HUD Kicks Off a Series of New Actions to Help Communities Fight Extreme Heat
The U.S. Department of Housing and Urban Development (HUD) announced new actions helping support communities to increase resilience to extreme heat. For the first time in its history, HUD published a webpage on Extreme Heat that serves as a hub highlighting actions communities can take to prepare and respond to extreme heat events and available resources to help fund … [More]
FEATURED STORIES
Employers Play Critical Role in Curbing Today’s Youth Mental Health Crisis, Says Report
Many American children struggling with mental health challenges do not receive optimal care, and it's exacerbating the damaging ripple effect on working parents and their employers, according to global health company The Cigna Group. A new report by the Evernorth Research Institute details the increasing significance of the youth mental health crisis, the challenges … [More]
Arizona Workers Give Office Return a 8/10 Happiness Score, Says Survey
As has been widely reported, a significant shift is taking place in the workforce. Many employees who had grown accustomed to the flexibility and comfort of working from home are now being encouraged to return to the office full-time. While this transition initially faced resistance, a recent survey commissioned by Wealth of Geeks reveals that once employees settle … [More]
To the Point: One Effortless Practice That Will Make You a Better Leader
It is shirt but sweet. Listening is a vital skill for every leader. If you want to effectively guide an organization, you need to know the dreams, fears, and frustrations of your stakeholders. You must also be willing to hear the pitfalls to your proposed approach. Unfortunately, listening does not come naturally to most of us. We would much rather hear ourselves … [More]
HOT TOPICS
ASU Economists Share What’s in Store for Next Year at Annual Economic Outlook
Although unemployment rates remain near record lows, U.S. and Arizona job growth has recently slowed as the Federal Reserve continues with higher … [More]
Affordable Housing Developer Breaks Ground on Development in Casa Grande
Lincoln Avenue Communities, a mission-driven acquirer and developer of affordable housing, broke ground yesterday on the future site of Cottonwood … [More]
Discount Tire and Major League Soccer Announce Multiyear Partnership in the U.S.
Discount Tire, a leading retailer of tires and wheels, and Major League Soccer (MLS) today announced a new multiyear partnership in the U.S. Through … [More]
Fifth Homebuilder Announced for the First Village to be Built at Teravalis
Following the recent announcement by Howard Hughes Holdings Inc. (NYSE: HHH) of the first four homebuilders to join TeravalisTM, the company announced … [More]
Multi-Tenant Industrial Building in Phoenix’s Deer Valley Sells for $21.85M
Cushman & Wakefield announced the firm has arranged the sale of Pinnacle Peak Commerce Center, a freestanding 93,725-square-foot (SF) Class A … [More]
Effort to Expand Broadband in Rural Areas Takes Big Step Forward
The state’s goal of expanding broadband internet access in rural areas is taking a big step forward with a public-private partnership. The agreement … [More]
LIVE AND LEARN
DTPHX ‘In Bloom’ at Urban Wine Walk, Apr. 27
Hosted by Downtown Phoenix Inc., the 14th Annual Urban Wine Walk returns on Saturday, April 27, from 1-5 p.m. This year, DTPHX will be “in bloom” with floral-themed giveaways, live music, and floral photo ops throughout Downtown. Urban Wine Walk is self-guided, so feel free to begin wherever you’d like at one of the many participating bars and restaurants. Maps … [More]
Opens Next Week! Mad Hatter the Musical
Long before Alice, there was the notorious Mad Hatter. Discover the tumultuous tale of his haunting backstory and follow his path to Wonderland, where the secrets of his transformation await in this spellbinding new musical. Audiences at the Herberger Theater Center will be the first to experience this vivid new musical production of Mad Hatter the Musical, which … [More]
Scottsdale Arts Celebrates 25 Years of Visions with ‘Visions ’24’ Exhibition
Scottsdale Arts Learning & Innovation, a department of the nonprofit Scottsdale Arts, will exhibit “Visions ’24” to highlight the skills, inspirations and ideas exchanged between high school students and professional teaching artists over the course of 2023–24 Visions program. The newest exhibition opens on May 10 and will remain on display through … [More]
PHILANTHROPY
Nonprofit Retail Partnership Celebrated 10-Year Anniversary of In-Store Fundraiser
Boys & Girls Clubs of The Valley (BGCAZ) and local Ross Stores Associates joined forces for a grand celebration of Ross' 10th annual "Help Local Kids Thrive" in-store … [More]
Keeping Pets with Families Is Goal of New Nonprofit Partnership
Pets are proven to improve the social, emotional, and physical health of their human companions, especially in times of crisis and hardship. When an individual or family is facing … [More]
Statewide Digital Awareness Campaign Addressing Arizona’s Housing Crisis Launches
Home is where it all starts is launching a statewide digital awareness campaign to provide solutions to the state’s housing crisis and make sure every Arizonan has a place to call … [More]
POSITIONS
Chicanos Por La Causa Board of Directors Appoints New President & CEO
Chicanos Por La Causa, a leading Arizona-based nonprofit empowering communities in six U.S. states, proudly announces the appointment of Alicia Nuñez as its new President & … [More]
PR and Marketing Agency Appoints Managing Director to Drive Digital Innovation, Strategy
Aker Ink PR & Marketing, a full-service agency helping companies increase brand awareness, enhance thought leadership and generate leads, has hired industry veteran and expert … [More]
Nonprofit CEO Set to Depart after 20 Years of Service
After a long and successful career with Big Brothers Big Sisters of Central Arizona (BBBSAZ), Laura Capello, president and chief executive officer, will depart after the end of the … [More]
ACHIEVEMENTS
Phoenix Bar Concept Earns Spot on World’s 50 Best Bars List
Century Grand, the celebrated cocktail haven located in Phoenix, Arizona, proudly announces its inclusion on this year’s North America’s 50 Best list, taking spot #36. Established … [More]
Homebuilder Honored as 2024 Builder of the Year in Arizona
Shea Homes’ Arizona Division, for the third time in four years, claims the top prize in the most renowned yearly competition among Arizona home builders. The 38th annual Major … [More]
Glendale-Based FinTech Co. Honored for Making CRE Private Credit More Accessible
AVANA Companies, a comprehensive lending and asset management ecosystem, was named a winner of the 2024 FinTech Breakthrough Awards for “Best Real Estate Investment Platform” … [More]