JUNE 2023

Cover Story

Tourism & Taxation: How the Bed Tax and Major Events Benefit Business

“As Greater Phoenix continues to evolve, the visitor industry for our destination continues to grow,” says Eric Kerr, vice president of Insights and Development for the convention and visitor bureau Visit Phoenix. He cites the fact that, since … [More]

Features

Dealing with DEI Pushback

Inclusion is good for organizations and good for employees. But if your company is like many, everyone may not welcome the new conversations and initiatives taking place around diversity, equity and inclusion. In fact, there will almost certainly be … [More]

Companies Can’t Afford to Lose Focus on Talent Retention

Talent retention is a critical aspect of any successful business. Retaining talented employees, or failing to do so, can have a significant impact on a company’s bottom line. A business that can keep employees around long-term reduces the cost of … [More]

Alcock & Associates’ Pro-Community Work

Nick Alcock started his firm in a tiny office with a small shingle sign as the only marketing for his new business. His first case was pro bono, as he aided a homeless vet who came into Alcock’s office to combat a fine levied against the gentlemen … [More]

How to Upskill Employees during a Tight Hiring Landscape

Talent development initiatives are growing increasingly important, especially as hiring concerns shift from quiet quitting to conscious quitting and beyond. Hiring the perfect candidate is costly — in fact, hiring anyone will likely cost an … [More]

Roundtable

Balancing Cognitive Diversity in the Workplace

In the modern workplace, cognitive diversity is highly valued. This refers to the differing styles, viewpoints and skillsets among individuals. Teams … [More]

Economy

Thinking of Selling Your Business?

Baby boomers own approximately 40% of privately-owned small businesses and franchises in the U.S., according to MBAStack. Gen X-ers own the highest … [More]

Legal

Big Changes Are Coming to HIPAA Privacy Laws Heading into Summer

As we head into summer, the Health Insurance Portability and Accountability Act (HIPAA) will have its first major revisions in ten years. HIPAA is a … [More]

Nonprofit

Silent Phase to Public: When to Announce a Fundraising Campaign

Fifty percent. Sixty. Ninety … Conventional fundraising wisdom says nonprofits should have more than half of funds committed or in hand before … [More]

From the Top

From Doer to Mentor: Elizabeth Hale’s Path to Empowering Teams and Achieving Success

Like many entrepreneurs, Elizabeth Hale is a doer. “I have a passion for solving problems and I’m good at explaining things,” says Hale, CEO and founder of Scottsdale-based accounting and … [More]

Startups

In Revenue Capital’s New Strategy in Sourcing Revenue

“The Venture world needs to change. They must embrace a true value-add mentality rather than treating founders and their companies like commodities,” says Justin Gray. This is the mission Gray sees … [More]

Healthcare

How Healthcare Organizations Are Undermining Their Data Security Efforts

The U.S. healthcare industry has been plagued with cybersecurity incidents and data breaches, which are increasing year after year. In fact, the healthcare industry experiences more data breaches than any other industry, including finance, education, … [More]

Technology

Beyond ChatGPT

ChatGPT only scratches the surface when it comes to artificial intelligence business solutions. While businesses around the world are already discovering the advantages of AI chat, this new technology is only one node in a matrix of AI products that … [More]

Semi Insights

Why Will the Semiconductor Industry Be a Game-Changer for Arizona?

For decades, Arizona has been known for its Five C’s — climate, cattle, cotton, copper and citrus — but it may be time to add a new “C” to the list: chips. The semiconductor industry is not entirely new to Arizona. Intel has been operating here for … [More]

ASU Is Central to AZ’s Semi Activity

From the products that drive our everyday life and increase our productivity to the military systems that are critical to national defense, microelectronics are the technological tap root of the most advanced tools and systems upon which we depend. … [More]

CRE

Repurpose, Reuse: How Commercial Construction Can Adapt

The commercial construction industry in Arizona is projected to hit approximately $6 billion in 2023, according to IBISWorld research. It is no surprise to learn that the construction industry is booming throughout the state, and more specifically in … [More]

Mixed-Use Peoria Place Starts with Industrial Park Groundbreaking

Greystar Real Estate Partners recently broke ground on Caliber by Greystar. The three-building, Class A industrial park is the first element to break ground at Greystar’s Peoria Place, a $500-million mixed-use master plan designed to revitalize a … [More]

Dynamic Commercial and Retail Destination FIVE NORTH at VISTANCIA Takes Shape

The Vistancia master-planned community’s 320-acre commercial and retail destination FIVE NORTH at VISTANCIA is taking shape as the first hot spot in the far North Peoria/West Valley area. Envisioned as the energetic heartbeat and high-quality … [More]

By the Numbers

The State of GenAI Chatbots in Marketing

A whopping 73% of marketers are now using Generative AI (GenAI) tools for content creation, setting the stage for artificial intelligence to upend … [More]

Briefs

Joining Forces to Combat Local Auto/Diesel Technician Shortage

Automotive shops and dealerships across the country have been hit hard by the technician shortage — and Phoenix is no exception. Several area shops, dealerships and schools are joining forces on WrenchWay, an online community for automotive and … [More]

Nonprofit Solar Co-Op Helps Small Businesses Go Solar

An effort is underway to help small businesses and households in the Phoenix area go solar together. The recently launched Phoenix Metro Solar Co-op uses group purchasing power to offer solar to co-op members at competitive rates. The co-op uses … [More]

Extreme Weather Patterns Draw Development Interest

At United Water Restoration Group, the 86-territory franchise brand that provides premier restoration and reconstruction services, we have remained a dominant force in the industry for nearly 15 years, while also delivering a best-in-class customer … [More]