Personal income in Arizona rose last year at a rate faster than nearly any state in the country, according to new estimates from the Bureau of Economic Analysis. With a personal income growth rate of 8.4%, Arizona tied with Montana for the fastest rate of growth in personal income in 2020. “Throughout the pandemic, we’ve sought to stretch and strengthen the social safety net to protect people out of work due to no fault of their own,” said Governor Doug Ducey. “We’ve also adopted a … [Read more...] about Arizona Leads Nation In Personal Income Growth
Money
1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling Over $100 Billion
The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended. “Today’s news is a key indicator that the PPP is working for all small businesses across our Nation,” said SBA Administrator Jovita Carranza. “For any eligible small business continuing to … [Read more...] about 1.1 Million Paycheck Protection Program Loans Forgiven So Far Totaling Over $100 Billion
New Report: Arizona Ranks Third For Economic Momentum
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 of the hottest in the nation going into the pandemic,” said Governor Ducey. “As we follow commonsense guidance to keep people safe and … [Read more...] about New Report: Arizona Ranks Third For Economic Momentum
Arizona Adds Nearly 80,000 Jobs In August, Unemployment Drops To 5.9%
Arizona’s economy posted strong gains in August, adding nearly 80,000 jobs over the month. The state’s unemployment rate dropped to 5.9%, down from 10.7% in July and lower than the U.S. overall rate of 8.4%. During August, the private sector in Arizona recorded a gain of 30,400 jobs, which is 12,200 more jobs than the ten year average for the month. Gains were posted across ten private sectors, with ‘education and health services’ and ‘trade, transportation and utilities’ at the top. “This … [Read more...] about Arizona Adds Nearly 80,000 Jobs In August, Unemployment Drops To 5.9%
The Greater Goal: Quality of Life Positively Impacted by Tourism
The Flagstaff Convention and Visitors Bureau is on a mission. A mission to increase the quality of life for every household in Flagstaff. Sound like a daunting task? Well, the effort needed to create this economic impact may not be easy, but the formula is simple: tourism = dollars. Dollars you don’t have to spend on services you enjoy such as city beautification, parks and recreation, arts and sciences and economic development. According to the Arizona Office of Tourism, approximately 42.1 … [Read more...] about The Greater Goal: Quality of Life Positively Impacted by Tourism
Do You Understand Your Emotions About Money?
If you’ve ever felt a rush of excitement at making a big purchase or experienced feelings of shame at making a financial mistake, you know that our relationship with money isn’t completely rational. For most people, money comes with a lot of emotional and psychological baggage that affects the decisions we make. Psychologists call these emotions "money scripts" and have found that these unconscious beliefs can drive many positive and negative financial behaviors. Many of our money scripts … [Read more...] about Do You Understand Your Emotions About Money?
FALA Gala Friday
May 18 FALA Gala: Where Raising Money is an Art! The evening includes a silent auction and performances from the talented students of the Flagstaff Arts & Leadership Academy!Tickets are $20 in advance and $25 at the door. Purchase online or through the FALA office at 928-779-7223. http://www.flagarts.com/FALA-Shop.htm … [Read more...] about FALA Gala Friday
Bothands Breakfast Thursday
Apr. 17, Doors open at 7:30 a.m.and program begins promptly at 8:00 at the High Country Conference Center. The annual fundraising breakfast will raise money for Bothands and Sharon Manor. For information call (928) 214-7456 … [Read more...] about Bothands Breakfast Thursday
Evaluating the Swiss Connection on Northern AZ
Small town values and “standing firm” may be at the heart of doing business in Snowflake and other Mountain towns. But understanding the impact of financial and monetary decisions half a world away from Arizona is increasingly important, too. The ongoing debt crisis in Europe and the ripple effects of a strong currency in Switzerland, for example, may determine just how many jobs Pinetop’s Small Business of the Year will create and retain in 2012 and whether Show Low will actually fulfill its … [Read more...] about Evaluating the Swiss Connection on Northern AZ
Traveling by Rail
With the increase in the price of gasoline and long waits in airline security lines, more and more people are taking the train. Many more passengers seem to be coming into Flagstaff, and they are spending money. Some visit our community and then travel on to other destinations like Los Angeles and Chicago. Al Brown of Flagstaff is a frequent train rider. Recently, he was boarding the Amtrak in Flagstaff to take a long trip throughout the west and then on to Rochester, New York. “I’ve been … [Read more...] about Traveling by Rail
