Northern Arizona University is a prominent player in the economic vitality of Flagstaff and the state of Arizona. That’s according to a report recently released by NAU’s Arizona Rural Policy Institute. The report, The Economic Contributions of Northern Arizona University to the State of Arizona in 2010, claims that NAU has contributed nearly $1.5 billion to the state’s economy during the last fiscal year. Rich Bowen, NAU vice president of development and sustainability said, “We bring … [Read more...] about NAU Boosts Local Economy –- Businesses Thrive
economy
SBE Comments on Latest Employment Numbers
Raymond J. Keating, chief economist for the Small Business & Entrepreneurship Council (SBE Council), issued the following statement on the February jobs data: "Finally, we have a month in which all of the major jobs numbers moved in a positive direction. The payroll survey showed employment up by 192,000 in February. Particularly interesting, the private sector added 222,000, while the public sector cut 30,000. "Meanwhile, the household survey, which better captures start up and … [Read more...] about SBE Comments on Latest Employment Numbers
Governor Announces Economic Competitiveness Package
PHOENIX – Governor Jan Brewer today called the Legislature into Special Session for the consideration of a comprehensive plan to put Arizona back to work. Known as the Arizona Competitiveness Package, the proposal includes a mix of targeted business incentives and broad tax reforms designed to rev the Arizona economy. “The Competitiveness Package will make Arizona a magnet for business expansion, relocation, capital formation and investment,” said Governor Brewer. “This is our roadmap for … [Read more...] about Governor Announces Economic Competitiveness Package
Findlay Acquires Honda in Flagstaff
The Findlay Automotive Group has acquired Flagstaff Honda in Flagstaff Arizona. The dealership has been renamed Findlay Honda Flagstaff. The dealership is located at 5199 Test Drive in the Flagstaff Auto Park. The facility consists of a 23,000 square foot sales and service facility that was constructed in 2008. This is the third Findlay Automotive dealership in Flagstaff and is adjacent to Findlay Toyota Flagstaff and Findlay Volkswagen Flagstaff. The Honda dealership employs approximately 35 … [Read more...] about Findlay Acquires Honda in Flagstaff
Sign of Changing Economy?
The city of Flagstaff just wrapped up two days of a budget retreat. Staff still faces tough decisions about budget cuts in the upcoming fiscal year. However, one positive sign of long term recovery may be reflected in the latest report of taxable sales. City of Flagstaff taxable business activity for the month of November 2010 shows an increase of 6.9% over November of 2009. Construction is up 17.7%. Auto sales are up 42.8. BBB is slightly down by 0.2%. General Merchandise … [Read more...] about Sign of Changing Economy?
Cementing Hopes for Regional and National Economic Growth
Drake Cement’s nearly-complete $310 million production plant is located within Yavapai County in Paulden, Arizona – once a historic ghost town and about 60 miles southwest of Flagstaff. Bringing Drake to the region is expected to employ approximately 550 people in construction projects and provide 90 full-time jobs within the plant. Local and Regional Development Chino Valley Area Chamber of Commerce CEO Ab Jackson envisions Drake as a critical first step in expanding regional … [Read more...] about Cementing Hopes for Regional and National Economic Growth
Quality Investment Portfolios for 2011
A semblance of sanity has crept back into world financial markets, according to Forbes 2011 Investment Guide. If this is true, many of us aren’t aware of it. Yet, what goes on in those markets and in the economy as a whole has an important impact on our personal bottom line. Financial welfare in 2011 -- and beyond -- will depend a great deal on our own individual efforts. The problem is that typical investors (you and I) don’t keep up with the intricacies of financial … [Read more...] about Quality Investment Portfolios for 2011
Economists – Slow Recovery
While it is a difficult time financially for many people, the hardships during this economic period are not unusual. That was part of the consensus among economists during the recent Flagstaff Economic Outlook Conference. The annual conference was sponsored by Chase, Northern Arizona University W.A. Franke College of Business and Flagstaff Business News. Since 1976, the conference has drawn local businesspeople eager to hear annual forecasts by prominent economists. Keynote … [Read more...] about Economists – Slow Recovery