Money

Arizona business leaders have high hopes as USMCA takes effect

WASHINGTON - It just took effect Wednesday, but Arizona business leaders were optimistic about the United States-Mexico-Canada Agreement, the trade deal replaceing the North American Free Trade Agreement that economists say was worth billions in trade and thousands of jobs in Arizona alone.


Arizona jobless rate drops sharply, but still at twice pre-COVID levels

WASHINGTON - Arizona posted one of the sharpest unemployment drops in the country in May, falling from a historic high of 13.4% in April to 8.9% last month, according to the latest numbers from the Bureau of Labor Statistics.


GOP eyeing new convention sites, raising hopes of Arizona officials

With the Republican National Committee actively seeking new homes for its August convention, some in Arizona are angling for the state to get in line with the long list of other potential suitors.


Curfew curtailing casinos? Don’t bet on it, owners say

After being closed for months by COVID-19, casinos around Arizona had just started to reopen when a statewide dusk-to-dawn curfew took effect Sunday. But casinos around the state said their hours are unchanged, curfew or no curfew.


Cities, counties to get $441 million in direct COVID-19 relief funds

WASHINGTON - Arizona cities and counties will get access to nearly $600 million in COVID-19 relief funding, part of the more than $1.8 billion awarded two months ago to Arizona under the federal CARES Act.


As holiday crowds packed tourist spots, fears rose of COVID-19 spread

Memorial Day weekend crowds that one official said were "off the charts" at Arizona vacation spots have health experts worried that tourist behavior could lead to an increase of COVID-19 of cases.


Report: Treasury formula for COVID-19 funding shortchanges some tribes

Arizona tribes were among those who could get too much - or too little - COVID-19 relief funding under a Treasury Department funding formula that is based on "probably not the best numbers," according to the author of a new report.


Holidays, on ice: COVID-19 upends Memorial Day weekend travel plans

The travel forecast for this Memorial Day weekend is fuzzy - just another victim of the COVID-19 pandemic, as restrictions and concerns about the virus are scrambling trip planning. The traffic will likely not be near the 43 million Americans who traveled last year, but after that it's anybody's guess.


Buckeye bumped from top spot; Valley cities still post big population gains

PHOENIX - The city of Buckeye got bumped from the top spot for population growth rate in 2019, but its 56.6% population increase since 2010 was still enough to make it the second-fastest growing city in the nation for the decade. Phoenix, meanwhile, had the nation's biggest gains over the decade.


Tool shows what many know: Arizona communities at high risk for wildfire

PHOENIX - A new U.S. Forest Service tool removes any doubt that wildfire poses a high risk Arizona properties, mapping the state in blazing reds and flaming yellows, but officials hope the tool can help community leaders and fire experts take steps to reduce risk to homes and businesses.


State taking steps to reopen economy, but reviving it could take years

WASHINGTON - Arizona took another tentative step toward reopening the state's economy Monday, when dine-in restaurants were allowed to resume limited service. But while reopening the economy could come relatively swiftly, experts say reviving the economy could take years.


Mother and son percolate coffee business to hire the formerly incarcerated

PHOENIX – One coffee at a time: A former sex offender and his mother hire formerly incarcerated workers for Java Justice. The new business is part of reforming a system that punishes people long after they have left prison.