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Household debt just surpassed the record level reached during the 2008 financial crisis, but mortgage debt down

Posted by   /  May 18, 2017  /  Economy  /  No Comments

Steve Liesman | CNBC The New York Federal Reserve reports that household debt across the nation has hit a dubious milestone in the first quarter: It surpassed the peak debt level of 2008 at $12.7 trillion. Household debt — including mortgages, auto and student loans, and credit cards — rose $149 billion compared with the […]

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Cities deprived of venture capital look for ways to share the wealth

Posted by   /  May 17, 2017  /  Economy, Government and Politics  /  No Comments

Entrepreneusrs in the Valley are working to draw attention – and venture capital – to startups in Arizona, which are often overlooked by investors who funnel money to more traditional tech centers. (Photo by Don Hankins/Creative Commons) By Ziyi Zeng | Cronkite News Monday, May 15, 2017 WASHINGTON – Jonathan Cottrell understands that when it […]

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Organization fights to revive Ajo’s economy after decades of recession

Posted by   /  May 17, 2017  /  Economy, Media and Entertainment  /  No Comments

The Curley School building, located in the center of Ajo, was acquired by the International Sonoran Desert Alliance, and is now used for housing and workspace for local artists. The Community Learning Center, where the GED class meets, is also located on its campus. (Photo by Kayla Becton/Cronkite News) GED instructor Kate Hyde is in […]

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Phoenix capital improvement plan jumps 30%

Posted by   /  May 16, 2017  /  Economy, Transportation, Water  /  No Comments

By Rebekah Morris and Roland Murphy for Arizona Builder’s Exchange The preliminary five-year total for the City of Phoenix Capital Improvement Plan tops $4.6B, an impressive 30 percent increase over last year’s total. Departments with the largest expenditures are public transit, aviation and water supply. For perspective, the peak 5-yr total reached 7.0B in 2007, […]

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Slow and steady growth wins the race for home building — and the economy

Posted by   /  May 16, 2017  /  Economy, Real Estate  /  No Comments

By Gregg Robb and Andrea Riqiuer | realtor.com The home-building recovery has been slow and steady—and nearly nine years after the housing crisis, housing construction isn’t yet fully healed. That’s probably a good thing. It means housing construction will continue to buoy economic growth for some time—and data out this week will shed light on […]

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Sovereignty and opportunity through tribal land development

Posted by   /  May 16, 2017  /  Economy, Real Estate  /  No Comments

AzBigMedia A July 2016 article by Matthew S. Robinson in “Indian Gaming” magazine identified a 35-percent increase in the construction of spas in Indian Casinos between 2010 and 2016. Indeed, many Indian Tribes are developing their lands with projects that support their casinos, or projects that simply diversify their economy and drive economic development in […]

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Pollack: Despite politics, key economic factors remain strong

Posted by   /  May 15, 2017  /  Economy, Real Estate  /  No Comments

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE May 15th, 2017 The Monday Morning Quarterback A quick analysis of important economic data released over the past week While the political picture seems to be getting more blurred by the day, the economic picture continues to be good.  Estimates for real GDP suggest that growth will […]

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[SUNDAY FEATURE] With arts and affordable housing, Winslow remaking itself

Posted by   /  May 14, 2017  /  Economy, Featured News  /  No Comments

By Diandra Markgraf | Arizona Daily Sun n April Fools Day, 1997, artist Tina Mion and Allan Affeldt coasted into Winslow, Arizona, in a van packed with an old basset hound, rabbits and a single chair — no joke. Graduates of University of California-Irvine, Affeldt planned to advise a local non-profit on how to save the […]

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Arizona ranked No. 9 in ‘Chief Executive’s’ best states for business

Posted by   /  May 14, 2017  /  Economy  /  No Comments

AZ Business Magazine Advancing three places from a year ago, Arizona was ranked as the No. 9 state for business in Chief Executive magazine’s 13th annual Best & Worst States for Business survey, which was released today. The Chief Executive rankings reflect CEO perceptions of best and worst states based on a range of key […]

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City leaders hope to attract filmmakers to Eloy

Posted by   /  May 11, 2017  /  Economy, Media and Entertainment  /  No Comments

By Tanner Clinch | Pinal Central Site selectors for filming movies and TV shows could decide on a wonderful Eloy backdrop for their next scene with a proposed ordinance by the city’s economic development specialist, Jim Dinkle. The idea is to stimulate production companies to film in Eloy, use local catering and lodging and gain […]

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