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.
Arizona is ranked third best in the nation for economic momentum, based on a new report by State Policy Reports. The report ranks states’ economic momentum based on growth in personal income, employment and population. Arizona ranked in the top four for employment growth and population growth. Arizona is tied for third with Montana. “Arizona’s economy was one […]
Arizona’s median household income rose by 15.2% over the latest three-year recording period, according to new data from the U.S. Census Bureau. That was the highest growth among western and mountain states, and higher than Texas and Florida. The Census data, which compares income growth averaged between 2014-2016 and 2017-2019, indicates that the median household income […]
The COVID-19 pandemic is playing out like a Netflix drama. We’re tuning in to find out the latest twists in this ongoing superbug saga as much as we’re learning how many ways we can braid our hair like the Mother of Dragons when we binge-watch Game of Thrones. We can’t wait to hear from our […]
The average visitor to Flagstaff is 47 years old, makes more than $100,000 a year, brings two other people along – often, family members – spends nearly $600 a day with his or her group and stays about three nights. Half of the 5.5 million guests who visit come specifically for Flagstaff. About a third […]
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 […]
