Arizona’s early economy was based on the strength of what it famously called the “5 C’s”: Climate, Cattle, Copper, Cotton and Citrus. Some of those continue to infuse strength to the state’s economy, some have morphed into a broader category, and some have had their elite spot usurped by a newcomer. In Business Magazine offers a 2024 take on the 5 C’s economy for Arizona … [More]
Tech for Good
Emerging sustainable growth markets
As Tech for Good becomes a wider field with broader applications, the related sustainable growth markets are being unlocked and discovered. New sustainable tech areas are popping up and growing rapidly where solutions are urgently needed. Tech areas that were not traditionally associated with sustainable objectives are now beginning to turn their focus toward Tech for Good. … [More]
Food as Medicine: Venture Capital’s Appetite for a Healthier Future
Startups in the nutritional food space are gaining increased traction
For decades, venture capital chased the next tech innovation or disruptive platform. Today, a new wellness sector is garnering attention: the intersection of food and medicine. This “food-as-medicine” movement is reimagining what it means to be “healthy,” and venture investors’ palates are lathering at the prospect of savory returns. However, deploying venture capital to … [More]
Arizona’s Clean Energy Scorecard
Honeywell Aerospace recently hosted a roundtable event — “Powering Arizona: Maximizing Historic Federal Investment for a Clean Economy” — at its Advanced Air Mobility Lab in Phoenix. With representatives from Honeywell, Microsoft, Lucid Motors, KORE Power and other major employers in the state, along with Blaise Caudill, energy policy advisor at the Governor’s Office of … [More]
Declining Mortgage Rates Lure Sellers Off Sidelines, Paving the Way for 2024 Buyers
This week’s falling mortgage rates, sizable year-over-year increases in both new listings and listing consults with Redfin agents, and surge in housing starts all suggest that 2023’s frozen housing market is thawing. Sales are likely to climb after the typical holiday lull. That’s all according to a new report from Redfin (redfin.com), the technology-powered real estate … [More]
Mortgage Rates and Housing Payments Drop to Lowest Level Since Spring
Daily average mortgage rates have fallen to 6.82% and housing payments have dropped to their lowest level since April. That’s according to a new report from Redfin, the technology-powered real estate brokerage. This marks the first time daily rates have dipped below 7% since July. Rates dropped after the Fed brought good news to homebuyers at its December 13 meeting, … [More]
2023 Least Affordable Year for Homebuying on Record – but 2024 Is Looking Up, Says Report
2023 has been the least affordable year to buy a home in Redfin’s records, but things are looking up for 2024, according to a report from Redfin, the technology-powered real estate brokerage. Someone making the $78,642 median U.S. income in 2023 would’ve had to spend 41.4% of their earnings on monthly housing costs if they bought the $408,806 median-priced U.S. home. That’s … [More]
Feedback – December 2023
Q: What economic trends do you expect will impact your business in 2024? Dr. Joel P. Martin President Positively Powerful / Triad West Inc. Sector: Business Consulting The experience economy is a trend that will significantly impact our business in 2024 and that we will be leveraging on behalf of our clients, and women specifically. Consumers unquestionably desire … [More]
The Secret Weapon in Preventing Buyer’s Remorse
Quantitative and qualitative procedures of financial due diligence
Purchasing a business involves considerable personal, professional and financial investment. For those considering a business transaction, it is important to know that academics and researchers highlight a discouraging trend for failed mergers and acquisitions. It’s sad, but true –— not all M&As are winners. However, the risks and surprises associated with the purchase of a … [More]
Coffee Badging: The Latest Hybrid Work Trend
“Coffee badging,” latest hybrid work trend, is the act of going into the office long enough to grab a coffee, visit with co-workers and/or comply with in-office work requirements. Once the coffee and the socializing dry up, employees leave to work from home for the rest of day. Many leaders hoping to restore office culture are understandably concerned about the impacts on … [More]