Arizona, specifically the metropolitan Phoenix market, is among the strongest commercial real estate markets in the United States and is quickly rising as one of the most resilient markets to recover since the onset of the recent recession. While overall, multifamily, office and industrial property values have posted positive net absorption numbers in recent quarters, it is the retail market that is finally stabilizing and showing promise of improvement.
The Internet and subsequent breakthroughs in the mobile, social and other digital media are affecting profoundly the way consumers get — and, increasingly, give — news, entertainment and shopping information. These changes already have disrupted many local businesses to a considerable degree. But they are far from over.
Mark your calendar for the second annual Business Expo and Luncheon coming up on Sept. 17 at the Arizona Grand Resort, 8000 Arizona Grand Pkwy. in Phoenix. Hosted by the Ahwatukee Foothills Chamber of Commerce Women in Business, the community is invited to attend and network with a diverse range of local businesses during the expo. This is a great opportunity to meet your business neighbor face-to-face.
I’ve had the honor of chairing the Ahwatukee Foothills Chamber of Commerce Women in Business for the last two years. It has been our mission to provide programs and opportunities in leadership, development, education and networking for women in the business community. This group of women also focuses throughout the year on raising and collecting funds for the Women in Business Scholarship. The purpose of the scholarship is to aid the advancement of local woman into the business world.
Entrepreneurship fuels Ahwatukee’s economic innovation and prosperity. But did you know that when you shop at locally owned businesses, your money is recirculated over and over? With every $100 that is spent at a local retailer, $68 will return to the community through taxes and payroll. These dollars create wealth and additional sales tax revenue to pay for things like parks, libraries, and city services.
As the summer winds down, and the first day of the new school year approaches, kids are busily compiling their back-to-school wish lists. And that means back-to-school shopping. From school supplies to new clothes, back-to-school shopping can be an overwhelming task. Luckily, Ahwatukee is full of fabulous stores for shoppers of every age and every need.
The Ahwatukee Foothills Chamber of Commerce thanks the many volunteers who assisted us in putting together this year’s Red, White and Boom Fireworks Celebration. These volunteers give up their family time for the good of the community, and we are grateful for their help.
Today, four student athletes signed with teams across the nation.Seniors Cole Tucker, and Ernie De La Trinidad signed with the University of Arizona. Both will play baseball for the Wildcats next year at the collegiate level.Senior Kayla Lupoe signed with Hampton University in Virginia. Lupoe will play basketball for the Pirates next year.Senior Christine Winkelman signed with Southwest Baptist University to play volleyball for the Bearcats.