State Cracks Down on Fraudulent Medicaid Providers
Governor Hobbs, alongside Attorney General Mayes, Salt River Pima-Maricopa Indian Community President Martin Harvier, AHCCCS Director Carmen Heredia, representatives from 13 tribal nations, and law enforcement, announced actions against over 100 Medicaid behavioral health residential and outpatient treatment service providers believed to be engaging in fraud. These providers have taken advantage of vulnerable individuals, particularly […]
Tempe Votes in Tempe Entertainment District Project Special Election Today
Voters have options for casting their ballots on Propositions 301, 302 and 303 as part of the city’s Special Election on the Tempe Entertainment District. In November, the City Council unanimously approved the resolutions/ordinances for the Tempe Entertainment District project. Three aspects of the primarily privately funded proposal from Bluebird Development, the affiliate for the […]
$585M Loan Finalized to Complete The Palmeraie and The Ritz-Carlton Paradise Valley
Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, announced that it has originated a $585 million loan to Five Star Development for the completion of The Ritz-Carlton Paradise Valley, The Palmeraie and The Palmeraie, a mixed-use, ultra-luxury retail, dining and residential development in Paradise Valley, […]
SBA Announced New Lender Improvements Expanding Access to Capital
Following the recent finalization of two new rules aimed at closing gaps in capital access for America’s small business owners, the U.S. Small Business Administration (SBA) announced streamlined lender procedures and other details on implementation. “The Biden-Harris Administration recognizes that small businesses are the drivers of our economy, and that to participate in the opportunities […]
ASU Researchers TEAMUP to Advance Solar Power
As climate change becomes a more pressing problem worldwide, the race to develop sustainable power-generation technology is increasingly crucial. A new consortium of academic and industry partners, Tandems for Efficient and Advanced Modules using Ultrastable Perovskites, or TEAMUP, seeks to help mitigate climate change by making a new generation of solar technology commercially viable. The three-year […]
CPI Rose 4.9% in Year through April, 10th Straight Month of Decline in Inflation
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in April on a seasonally adjusted basis, after increasing 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.9 percent before seasonal adjustment. The index for shelter was the largest […]
Design-Build Construction Firm Releases Q2 Construction Delivery Outlook Report
Leading design-build firm LGE Design Build released its second quarter Construction Delivery Outlook Report that monitors and analyzes the economic uncertainty and changes within construction labor, supply chain, material pricing, inflation and overall demand. “The recent turbulent years have taught us that the construction industry is resilient but that we need to be persistent in […]
Governor Hobbs Announces Arizona’s Title 42 Preparedness Approach
Ahead of the lifting of Title 42, Governor Hobbs today announced the state’s five-point preparedness approach outlining Arizona’s priorities for managing the expected influx of migrants. At the press conference, Hobbs was joined by DPS Director Jeffrey Glover, DEMA-EM Allen Clark, Pima County Sheriff Chris Nanos, Yuma Mayor Douglas Nicholls, and Representative Mariana Sandoval. “The […]
Job Openings Remain on Main Street, 92% of Owners Report No Qualified Applicants for Open Positions
Small business owners continue to struggle to find workers, with 45% (seasonally adjusted) of all owners reporting job openings they could not fill in the current period. The share of owners with unfilled job openings exceeds the 49-year historical average of 23%. Of those hiring or trying to hire, 92% of owners reported few or […]
Meet 7 Exceptional AZ Tourism Leaders in 7 Days for 2023 National Travel & Tourism Week
Travel is essential in stimulating economic growth, creating job opportunities and bringing together friends, families and communities. But what’s essential to all travel are the exceptional industry professionals who work tirelessly to deliver these experiences to Arizonans and visitors throughout the year. As we celebrate 2023 National Travel and Tourism Week, starting on Sunday, May […]