By J. Graber | Scottsdale Progress
Scottsdale’s economy during last fiscal year can best be described in one word – resilient.
“That’s the word that kept coming up,” city Economic Director Rob Millar said.
The city’s economic department’s 2020/2021 annual report shows businesses moving into the area, higher-than-expected wages and promising vacancy rates.
“It was a good year,” Millar said. “Was it a great year, no, but I think that’s (the fault) of the pandemic.”
The City processed 803 new business licenses last year, despite the pandemic, which is down from 980 in the previous year.
Beauty salons were the most common new business type with 48, followed by other personal care services at 41 and full-service restaurants, 38.
“New business brings in diversified new revenue in the form of taxes, capital investment, and consumer spending,” Millar said.
