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Business and Economics

U.S. currency in various denominations.

The Buzz: How the state went from a surplus to a deficit

Jan 19, 2024 Two economists walk through how the state is facing a projected $1.7 billion deficit by the end of FY 25 after starting last year with a $2.5 billion surplus.
The Gadsden Hotel in Douglas, AZ. January 4, 2023.

The Gadsden Hotel lays off employees, temporarily closes restaurant and bar

Jan 9, 2024 20 out of 32 employees across the hotel and restaurant were laid off two days after the Christmas holiday
File image of a for sale sign outside a home in the Tucson metropolitan area.

Home affordability continues to shrink in Arizona

Jan 2, 2024 Buying a median priced-home could take more than half an average salary in some AZ counties.
Twenty-dollar bills.

The Buzz: Looking back and ahead at our economy

Dec 29, 2023 Economists say growth is likely to slow, but not stop, in the region and nation.
Stacks of hay bales sit beside an irrigation canal in Imperial Valley on June 20, 2023. Critics have called for reductions to the amount of alfalfa grown with Colorado River water. The particularly thirsty crop is mostly used for cattle feed.

The Buzz: A legislative look-ahead at water and agriculture

Dec 22, 2023 The new legislative session is weeks away, so we look at the state's top water user.
U.S. Representative Juan Ciscomani (right) talks with Benson Mayor Joe Konrad (left) ahead of the round table discussion hosted by the Sierra Vista Area Chamber of Commerce. December 19, 2023.

Ciscomani meets with city and county officials, discuss economic issues surrounding U.S.-Mexico border

Dec 20, 2023 The Congressman criticized the Biden Administration's decision to temporarily close the Lukeville Port of Entry.
From left to right: Ann Kerr ("Angus Ann") and Allison Silibovsky ("Allie Dog") stand in front of the Oscar-Meyer Weinermobile in Tucson, Ariz. on Friday, Nov. 17. The iconic vehicle has been a part of the brand since the 1930s.

Relishing their jobs: Meet the wonder women of the Weinermobile

Nov 24, 2023 Oscar-Meyer “hotdoggers” spend a full year driving the iconic hot dog across the country.
Ridgeview Farm in Paulden raises chickens and turkeys.

Arizona Thanksgiving meal cost down 28% as turkey prices decrease

Nov 23, 2023 Arizona consumers faced “historically high” prices for their Thanksgiving meal ingredients in 2022.
The view on Canyon De Flores Dr. behind Castle and Cooke Arizona's Holiday development. The Buffalo Soldier Ranch housing development will be located to the east, behind the Holiday development. Two access points for the Buffalo Soldier Ranch development will be on Canyon De Flores Dr. November 21, 2023.

Sierra Vista City Council approves final plat plan for Buffalo Soldier Ranch housing development

Nov 22, 2023 The new development will span about 111 acres and house a maximum of 349 homes
F-16 from the 162nd Fighter Wing, based in Tucson.

How Arizona’s economic engines are rumbling towards Ukraine

Nov 20, 2023 Inside the lofty plans of an economic coalition trying to make Arizona integral to Ukraine’s recovery.
Twenty-dollar bills.

Arizona economic coalition holds meeting with Ukranian officials in Tucson

Nov 15, 2023 The AZDIC has acted as a liaison between Arizona business and Ukraine for many months.
U.S. Citizenship and Immigration Services approved more than 6.6 million people to be citizens in the last decade.

New report finds immigrant contributions in the state in the billions

Nov 15, 2023 A new report by the American Immigration Council found that immigrants contribute more than $26 billion annually to the state’s economy, including more than $5 billion from undocumented immigrants.
Twenty-dollar bills.

Arizona Regional Economic Development Foundation set to recieve more than $500,000 grant

Nov 12, 2023 The grant is U.S. Economic Development Administration’s Build to Scale program
Median rental costs in Southern Arizona have almost doubled since 2005. The Buzz examines the rental market and how it's affecting Arizonans.

The Buzz examines Southern Arizona's home rental market

Nov 3, 2023 Rent costs have outpaced wage growth, leading to issues for many renters and growth in help for those households.
SRP and Clenera will begin construction on Arizona’s largest solar plant in 2023 northwest of Flagstaff. SRP has been working to expand solar, including at East Line Solar in Coolidge, shown here, which was initiated by SRP and is owned and operated by a subsidiary of AES.

Tucson Green Bank becomes the first green bank in Arizona

Oct 31, 2023 Groundswell Capital, a non-profit financing entity in Tucson, is the first green bank in the state
From left to right: Congressman Juan Ciscomani, Administrator and CEO of Western Area Power Administration Tracey LeBeau, Arizona Governor Katie Hobbs and Secretary of U.S. Department of Energy Jennifer Granholm at the Apache Generating Station in Cochise, AZ. October 30, 2023.

U.S. Dep. of Energy announced federal support of three transmission projects

Oct 30, 2023 The Southline Transmission Project is one of the three projects and will span from Hidalgo County New Mexico to Pima County in Arizona.

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