by Matthew Holloway | May 9, 2025 | Economy, News
By Matthew Holloway |
Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), stopped in Arizona as part of her nationwide tour for National Small Business Week.
During an interview with Arizona’s James T. Harris on KFYI, Loeffler described the disastrous state of the SBA as she took office following her confirmation, and her efforts alongside President Donald Trump to get both the SBA and the small businesses it supports back to work.
Asked by Harris what happened when the SBA building went from a “ghost town,” to “workers actually show up and do the job,” she said, “It’s incredible. And it’s great to be part of President Trump’s restoration of main street across every corner of this great nation. He believes in the American worker. He believes in American industry. And he believes in getting the government back to work. And that’s what I did on my first day when 90% of the office was empty. We got people back to work real quick, and that’s thanks to President Trump’s leadership. And also, thanks to the fact that we have a lot of work to do getting back to working for the American people on main street not the globalists. Working for our job creators and not bureaucrats.”
Posting to X, Loeffler wrote, “Our job creators have endured endless challenges over the last four years. It’s great to see the optimism returning to Main Streets across America – including here in Arizona.”
Asked how American small businesses are driving the revival of the U.S. economy, Loeffler was fulsome in her praise:
“Well, it’s been incredible. I’ve been out across the country visiting our manufacturers of which there are thousands in this country, and they all tell me we have been fighting for two decades to make sure that people understand we can make it in America. And they’ve been hiring, they’ve been building. And now that President Trump is back in, they’re investing because reassuring and onshoring our supply chains is absolutely critical. It creates tremendous economic opportunity. If you think about the towns, the small towns, the urban areas that were just left behind. And I’ve seen it from Gary, Indiana, to you know out west everywhere. We had 70,000 factories closed in the last 30 years that cost us 5 million jobs that were exported out of Detroit to Beijing. And we have to make sure that we’re restoring American strength and job creators.”
“You know small businesses, let’s just level set here what are small businesses? Well, they represent 99% of all businesses in this great nation, and also of the manufacturers most of them, 99% of them, also are small businesses,” continued Loeffler. “And so, what they’re seeing is a president who wants to cut regulation. He wants to cut taxes, and he’s doing it. And he wants to make sure that we stand up to our allies and adversaries alike and say, ‘We’re not gonna be taken advantage of any longer. We’re gonna have fair trade.'”
Loeffler detailed the “Made in America” Manufacturing Initiative as well, telling Harris that the administration is working to make lending capital more available for American small businesses.
“What we are doing is focusing on, first of all, delivering access to capital is what I’m hearing from manufacturers across this country. That if they can just get a little bit larger loan size, then they can invest in that new CMC machine. They can hire more people. They can build out parts for their factory. What’s happening in these factories is incredible. It’s next generation smart manufacturing, and the investment in the equipment is, you know, you need computers you need people to run them. So we’re going to make sure the capital access is there, so our loans are doubling up from 5 million to 10 million.”
Loeffler also laid the blame firmly on the Biden administration for dropping stifling regulations on American businesses.
She said, “We’re working on deregulating because unfortunately under Joe Biden, he imposed about $1.7 trillion of excessive regulation. Most of that fell on the backs of our small businesses and our manufacturers. So, we’re working hard to deregulate. And then we’re also just advocating for developing a skilled workforce that doesn’t necessarily need a four-year degree. This is just helping have those on ramps into the modern economyfor these great blue collar or new-collar jobs and made in America.
Loeffler concluded, “That’s a tremendous opportunity. Only 9% of our country is involved in manufacturing of today. I used to be 35% in the 1950s. So somewhere in the middle is probably where we need to get back to. Because we don’t even make our fasteners anymore, nuts and bolts and screws. We’re dependent on China for that. We’ve… that can’t persist. We can’t become dependent on China for anything ever again. We saw that during COVID, so we’re helping turn that around, and President Trump understands that. It’s his job to fight for the American people. He’s the only one with the backbone to do it.”
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Matthew Holloway | May 7, 2025 | Economy, News
By Matthew Holloway |
The latest job report from the National Federation of Independent Business (NFIB) shows that 34% of small business owners (seasonally adjusted) reported that despite having open positions in April, they could not find employees to fill them. Chad Heinrich, state director for NFIB in Arizona, offered some suggestions for Arizona lawmakers to address the situation and urged the passage of AZ Senate Bills 1069 and 1215.
“Arizona’s small businesses are the foundation of our economy, and our state has a chance to lead the way in empowering them,” Heinrich said in a statement. “Lawmakers have already done good work keeping taxes and regulations in check. Now, I urge them to pass Senate Bills 1069 and 1215. These two measures will lift a significant recordkeeping burden from Arizona’s smallest businesses and safeguard legal proceedings from foreign entity involvement.”
Senate Bill 1069 sponsored by AZ Senator JD Mesnard (R-LD13) would, if enacted, increase the Business Personal Property Tax exemption to $500,000 per taxpayer, relieving the tax burden on small business owners and “reduce record-keeping and compliance costs enormously,” according to the NFIB.
The bill was passed by the Senate 17-9 with four Senators not voting and passed the House Ways and Means Committee on March 5th.
The second measure, Senate Bill 1215, proposed by AZ Senate President Pro Tempore Vince Leach would require the disclosure of third-parties sponsoring predatory lawsuits against Arizona small business owners and was passed by the House Judiciary Committee on March 26th and is pending consideration by the House Rules Committee. The bill is also supported by the Arizona Chamber of Commerce & Industry, the Arizona Manufacturers Council, the Arizona Lodging & Tourism Association, and the Arizona Trucking Association.
Courtney Coolidge, executive vice president of the Arizona Chamber of Commerce & Industry said in a February statement, “Third party litigation funding has grown to an estimated $15 billion industry in the U.S. Essentially what happened is funders pour money into lawsuits in exchange for the settlement. This is a simple transparency bill to ensure transparency in our courts, protect litigants and safeguard against foreign influence. This is not just an Arizona issue; several states have passed this with bipartisan support.”
Chief Economist Bill Dunkelberg explained the NFIB report’s findings saying, “Small business owners remained open to hire and grow their workforce in April. While the percent of open positions decreased a bit, Main Street firms are still struggling to find qualified applicants for their plentiful open positions.” Per the NFIB report, the percentage of unfilled job openings spiked in 2021-22 and have returned to the lowest level observed since January 2021.
Per the NFIB report, the percentage of unfilled job openings spiked in 2021-22 and have returned to the lowest level observed since January 2021 with the largest concentration of openings in construction, transportation, and manufacturing.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Jonathan Eberle | Apr 26, 2025 | Economy, News
By Jonathan Eberle |
California is poised to lose a significant portion of its oil refining capacity by the end of 2026, as Valero announced the closure of its Benicia refinery—its second largest in the state—just months after Phillips 66 declared plans to shut down its Los Angeles facility. Together, the closures will eliminate roughly 17.4% of California’s total refining output, a shift expected to ripple beyond state borders, potentially triggering gasoline price spikes and supply disruptions in neighboring Arizona and Nevada.
These developments come on the heels of new state regulations introduced under Governor Gavin Newsom, which impose strict oversight on refinery operations. The rules limit when refineries can conduct maintenance, mandate increased inventory storage, and aim to curb perceived “price manipulation.” However, the energy industry and regional leaders argue these measures are accelerating refinery shutdowns and undermining fuel stability across the Southwest.
California operates as an “energy island,” with limited ability to import refined fuel from other U.S. regions due to the federal Jones Act, which restricts domestic shipping to U.S.-built and -crewed vessels. With U.S. shipbuilding capacity far behind that of countries like China, domestic maritime transport remains scarce and costly. As a result, California will increasingly rely on foreign tanker ships for fuel imports—an emissions-intensive, volatile, and expensive solution.
Governor Newsom claims California’s high gas prices are due to refinery “price gouging,” despite his own administration’s lack of evidence. His regulatory push has faced bipartisan opposition, including a joint letter from Arizona Governor Katie Hobbs and Nevada Governor Joe Lombardo warning that new refinery laws could lead to “higher costs for consumers” in all three states. Chevron echoed this concern, stating that the regulations would increase both the likelihood and duration of fuel shortages, while permanently raising consumer prices.
Refineries in California are already operating at or near full capacity. With no new facilities planned—especially as the state pushes to ban new gas-powered car sales by 2035—any closure tightens supply margins. The upcoming shutdowns will reduce daily refining capacity to 1.34 million barrels, well below the state’s consumption level of 1.8 million barrels per day, necessitating a shortfall of over 140 million barrels per year.
Due to California’s requirement for a specialized gasoline blend, few out-of-state refiners can meet demand, further narrowing supply options. These vulnerabilities were recently exposed when the temporary shutdown of the Martinez refinery sent gas prices soaring across the region, including in Arizona and Nevada.
With California gas prices already the nation’s highest—averaging $4.86 per gallon—experts warn that future supply shocks could bring about even more dramatic volatility and potential fuel shortages across the Southwest.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Jonathan Eberle | Apr 24, 2025 | Economy, News
By Jonathan Eberle |
Despite recent claims of financial strain, Arizona cities are experiencing robust revenue growth, according to the Arizona Tax Research Association’s (ATRA) April 2025 newsletter. The report highlights that municipalities have accumulated substantial cash reserves, even as some city officials advocate for tax increases.
ATRA’s analysis reveals that for Fiscal Year (FY) 2025, Arizona cities collectively budgeted $9.1 billion for their general funds, with nearly $4.2 billion—approximately 47%—allocated to cash reserves. This financial strength is attributed to consistent growth in sales and income tax revenues, bolstered by legislative changes and economic factors.
A significant contributor to this revenue surge is the 2019 Wayfair legislation, which enabled Arizona to tax remote sales. This change led to a substantial increase in sales tax collections, with shared revenues to cities rising over 55% from $589 million in FY 2020 to $915.5 million in FY 2025. Projections indicate this figure will reach $918 million in FY 2026.
In addition to sales taxes, cities benefit from Urban Revenue Sharing (URS), which distributes a portion of state income taxes based on collections from two years prior. In FY 2025, URS allocations amounted to over $1.26 billion. However, this represents a 19% decrease from the previous year, primarily due to the implementation of a 2.5% flat income tax rate in FY 2024. To mitigate the impact on municipalities, the state increased the shared percentage from 15% to 18%.
Despite these strong revenue streams, some city leaders cite recent state tax reforms—such as the 2021 personal income tax cut and the elimination of taxes on residential rents—as reasons to consider raising local taxes. ATRA cautions against this approach, emphasizing the importance of prudent fiscal management and the existing financial cushion that many cities possess.
The association’s findings suggest that while state-level tax policy changes have influenced revenue dynamics, Arizona cities continue to enjoy a favorable financial position. As discussions around taxation and budgeting persist, ATRA advocates for transparency and accountability in municipal fiscal practices.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Jonathan Eberle | Apr 7, 2025 | Economy, News
By Jonathan Eberle |
A new campaign, Yes for Glendale, has been launched in support of Propositions 401 and 402, two measures set to appear on the May 20 mail-in ballot. The propositions concern land use and zoning changes necessary for the completion of VAI Resort, a large-scale hospitality and entertainment project expected to generate over 2,000 jobs and contribute more than $2 billion in tax revenues.
Proposition 401 involves reclassifying a 10-acre parcel of land designated for VAI Resort’s corporate office to a “Corporate Commerce Center.” Proposition 402 amends the resort’s zoning plan to integrate this corporate office space within the broader project. Both measures were previously approved twice by the Glendale City Council.
Supporters argue that these changes will provide significant economic benefits, including job creation and increased tax revenues for local services. The campaign, chaired by VAI Resort President and CEO Grant Fisher, emphasizes the project’s potential to transform Glendale’s economy and entertainment landscape.
Despite receiving unanimous approval from the City Council, the measures were referred to the ballot by Worker Power, the political arm of UniteHere Local 11, a California-based labor organization. The group has raised concerns about labor conditions and worker representation within the project.
Proponents of the propositions contend that out-of-state activists are attempting to derail a beneficial project for Glendale. Fisher framed the opposition as a broader effort to impose policies that could negatively impact Arizona’s business environment.
The campaign has garnered support from numerous local leaders, including Glendale Mayor Jerry Weiers, Maricopa County Supervisor Debbie Lesko, and Speaker of the House Steve Montenegro, along with law enforcement and business organizations.
With Glendale voters set to decide the future of these land use changes, the debate is expected to continue over the coming weeks. More information on the Yes for Glendale campaign is available at yesforglendale.com.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Matthew Holloway | Apr 4, 2025 | Economy, News
By Matthew Holloway |
Glendale Mayor Jerry Weiers is enthusiastically supporting two upcoming ballot propositions for the city, which are set to be voted on in the May 20th special election.
The two propositions, Props 401 and 402, would reportedly affirm the Glendale City Council’s approval of a phase in the development of the VAI Resort near State Farm Stadium off the Loop 101.
Weiers, who with the unanimous support of the council has long been a proponent of the resort, said in a statement, “The VAI Resort project represents our city’s next step forward. This development will strengthen our economy, provide thousands of jobs, and increase city revenues to improve police, fire, infrastructure, and more.” He added, “The zoning amendments are necessary for the project’s success, and I encourage you to vote yes on Propositions 401 and 402. It is inappropriate to have an out-of-state union parachuting into our city to try to determine our future and attempt to cap our productivity.”
As previously reported by AZ Free News, the VAI Resort, along with other high profile developments in Glendale’s hospitality industry, have been challenged by a California special interest group that suffered a severe setback in the November election with the defeat of Proposition 499. The proposed ballot measure would have mandated “hotel and event center workers receive a $20.00 per hour minimum wage (increases annually), service charge payments and premium pay to be enforced by a newly created city department of labor responsible for investigating employer violations involving payment of wages, reporting, recordkeeping, and overtime requirements.”
According to Weiers, the same organization that brought Prop 499, the California-based group Worker Power, known to be affiliated with the labor union UniteHere, has unleashed activists to oppose the new propositions.
Worker Power has also led opposition to pro-immigration enforcement legislation in Arizona as recently as February. During the 2024 Presidential election, the group canvassed in Glendale to support Democrats Kamala Harris and Senator Ruben Gallego.
Proposition 401 and 402 Campaign Chairman Grant Fisher lauded the support from Weiers and the City Council saying, “Throughout the process to make the dream of VAI Resort a reality, there has been no greater champion for Glendale’s economic health than Mayor Weiers. We are proud to have Mayor Weiers as part of our coalition to bring thousands of new jobs and billions of dollars in new economic activity to Glendale, and we look forward to celebrating a win with him in May.”
The two propositions are largely administrative in nature, with 401 approving the unanimous City Council approval of a general plan amendment to allow the development of the VAI Resort and 402 confirming the unanimous zoning approval.
“Supporting this initiative means supporting a brighter, more prosperous future for Glendale. Let’s make the right choice. Please join me in voting YES on Propositions 401 and 402 on your mail-in ballot and send it in by May 13. Together, let’s say YES for Glendale!” Weiers told voters.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
