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ECONOMY
Arizona Republic’s Parent Company to Cut Salaries, Start Layoffs Following $54 Million Loss
By Corinne Murdock| Gannett, parent company to the Arizona Republic, will commence layoffs and diminish salaries following a poor second quarter last week. Gannett, which also owns half of the Arizona Daily Star, said in a press release that this...
Business Groups Decry Impact Of Biden’s Inflation Reduction Act
By Terri Jo Neff | The Arizona Chamber of Commerce and Industry is hoping the U.S. House of Representatives takes a hard look at H.R. 5376, which was formerly known as the Build Back Better Act until being recently rechristened as the Inflation Reduction Act of 2022....
Senators Kelly, Sinema Agree To Biden’s Controversial Inflation Reduction Act
By Corinne Murdock | Over the weekend, Arizona’s two Democratic senators, Mark Kelly and Kyrsten Sinema, fell in line with their party and backed the Inflation Reduction Act (IRA). The IRA passed the Senate on Sunday along party lines, 51-50, with Vice...
Hollywood Movie Star Threatens to Primary Senator Sinema Over Corporate Tax Bill
By Corinne Murdock | George Takei, of “Star Trek” fame, threatened to remove Senator Kyrsten Sinema (D-AZ) from office if she opposes President Joe Biden’s bill raising corporate taxes. The legislation in question, the 725-page Inflation Reduction...
Everything Is Coming Up Roses In Eloy
By Terri Jo Neff | Agriculture has long been a key to Arizona’s economy, as shown by the inclusion of cotton and citrus in the 5 C’s of the state’s top economic drivers (copper, climate, and cattle being the others). But one company in Eloy believes the motto...
Copper Mining Reboot In Arizona Hits Snags As Workforce Is Cut
By Terri Jo Neff | Arizona ‘s hope to reinvigorate domestic copper production has hit what workers and industry experts hope is only a temporary pause with the reduction of workforce and wellfield operations at Excelsior Mining’s Gunnison Copper Project in northern...
Small Business Report Draws Attention To Lack Of Optimism
By Terri Jo Neff | The number of small business owners across America who expect business conditions to improve over the next six months dropped considerably in June, hitting the lowest level in the 48 years the National Federation of Independent Business has...
July 4 Cookouts to Cost 17 Percent More For Arizonans On Average
By Corinne Murdock | Arizonans will pay an average of 17 percent more for their July 4 cookout than last year due to the inflation and supply chain crises. That averages $10 more for 10 people. Nearly all staples increased by double digit percentages: ...
Walmart to Launch Drone Delivery Service in Arizona
By Corinne Murdock | Walmart announced last Tuesday that they were bringing drone delivery to Arizona and five other states by the end of this year. Those other states will be Arkansas, Florida, Texas, Utah, and Virginia. The retail giant projected that it would...
Arizona’s Management Philosophy For State Agencies Continues To Pay Dividends
By Terri Jo Neff | Shortly after being sworn into office more than seven years ago, Gov. Doug Ducey made it clear to the heads of every state agency that he wanted the needs of residents to be better served and to make Arizona an attractive location for businesses....
U.S. DOT Looks To Waiver Of Buy America Infrastructure Mandate
By Terri Jo Neff | One of President Joe Biden’s signature initiatives is not going smoothly, with one of the government’s largest users of construction materials taking steps to forgo the May 14 deadline to ensure the manufacturing of all construction materials used...
Small Business Tax Break Advances Out of Arizona Legislature
By Corinne Murdock | On Wednesday, the State Senate approved legislation lowering the percentage of assessed valuation for commercial property to 15 percent. SB1093 would reduce the property assessment ratio gradually over the next five years. According to the...
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