Flagstaff Business & Online News | Northern Arizona Local Newspaper
Flagstaff Business News is a newspaper and online news source covering Northern Arizona's most influential business leaders and delivered to high income residents and local businesses.
What grows an economy? Consumer spending. That’s why consumer spending is 70 percent of the Gross Domestic Product – the indicator for national economic growth. When there is plenty of spending, the economy grows, providing more people with more money to spend on the efforts of more people. This is how the economy, in reality, trickles up. A recent paper from the Economic Policy Institute, “Inequality is Slowing US Economic Growth,” explains what many economists […]
A steady upward trajectory in the Flagstaff economy throughout the remainder of this year and into 2018 promotes continued growth in the construction and retail trades amidst local challenges and a more hostile worldwide environment. So shares Ron Gunderson, Ph.D., emeritus professor of economics in the College of Business at Northern Arizona University. Insights from […]
“The dedication and passion for the arts and science draws tourists, benefits residents and impacts the local economy by $90 million each year.” T. Tannous, Director, Flagstaff Arts Council Flagstaff’s rich culture of arts and science contributes to the city’s character, sophistication and diversity. Events like the Flagstaff Festival of Science link world-class science […]
Caleb and Rachel Waters live in a 550-square-foot house. With a nearly two-year-old son and a second baby on the way, their new Flagstaff home will bring some much-needed space. “We could have purchased a 1970s home and spent $100,000 in renovations, but it made more sense to build our own sustainable house,” said Rachel, […]
Did you know that Flagstaff welcomes more than 500,000 international visitors annually? And, those long-haul visitors have an economic impact of nearly $70,000,000 on our local economy. It is Flagstaff’s time to shine on the international stage. Our destination is appealing to the international traveler – especially the repeat international visitor who has already experienced […]
Why don’t we have an In-n-Out Burger, Trader Joe’s or a Costco yet? That is the most commonly asked question that I receive. These types of businesses are considered retail businesses and are providing specific products direct to the consumer. The retail sector tends to get the most publicity because that’s what most consumers interact […]
The trucking industry is just one measure of the economy, and local changes in that industry show things are improving in Northern Arizona. North Carolina based Old Dominion Freight Line recently opened a site near the Flagstaff auto park to serve customers in Northern Arizona. Gerry Mendoza, Old Dominion’s service center manager at the new […]
Government officials say the unemployment rate is evidence of a stronger economic recovery. The jobless rate dropped to 7.7 percent last month, the lowest level since President Barack Obama was elected. The jobless rate improvement and an increase in hiring of 236,000 jobs in the United States has many thinking the economy is moving forward. […]