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Phoenix Business Journal
Small-business grants you can apply for this month
Small-business owners might be more confident about their future, but they are still worried about inflation.<\p> That’s the big takeaway from the U.S. Chamber of Commerce's Small Business Index, conducted in partnership with MetLife, which hit the highest level of optimism since early 2020, with about 73% of business owners expecting their revenue to grow in the next year. <\p>
Fake job postings add uncertainty to unsettled hiring market
Employers are turning to fake job listings as a means of boosting staff morale in the current unsettled hiring market, but those ghost postings could end up negatively impacting the perception of their companies.<\p> That’s according to a recent Resume Builder survey, which found that 40% of 649 hiring managers surveyed have posted a fake job listing in the past year. Three in 10 responded they have an active fake-job posting. <\p>
Walt Brown Jr. has this Scottsdale developer on a fast growth track
Walt Brown Jr. has a competitive streak.<\p> He started and sold a business when he was in high school; he played college football at the University of New Mexico; and today he's a competitive race car driver in his spare time while running a real estate brokerage and development firm.<\p>
Downtown light rail station named after former Phoenix mayor
A downtown transit station that's part of a 1 million-square-foot development featuring two residential towers with 100,000 square feet of overall retail and office space will be named after former Phoenix Mayor Greg Stanton.<\p> Phoenix City Council voted Wednesday to name the light rail station attached to the Central Station project after the former mayor, who is now a member of the U.S. House of Representatives, representing District 4.<\p>
Historic downtown building set to become thrift store location
A nearly 100-year-old building in downtown Phoenix has been restored and renovated for retail use.<\p> The former Firestone Building located on the northwest corner of Third Avenue and Van Buren Street in downtown Phoenix has been transformed in an adaptive rehabilitation project into a Goodwill store and donation center. Goodwill is set to open on July 5.<\p>
Developer wins state land auction in Phoenix; plus more Valley deals
Orlando, Florida-based ZOM Living was the winning bidder at a Arizona State Land Department auction on June 26.<\p> The only bidder at the auction, ZOM Living scooped up more than 54 acres at the northwest corner of 56th Street and Loop 101.<\p>
City says resort developer no longer wants tax incentives for project
Glendale says it is changing course on incentives and parking for the VAI Resort as the $1 billion development prepares to open in 2025. <\p> VAI Resort is set to include the most hotel rooms in the state and feature big attractions including a party island with a beach, the first-ever Mattel Adventure Park, a tethered balloon and luxury shopping and dining in the West Valley. <\p>
Here are Sky Harbor's most-delayed flights
If you're flying from Phoenix Sky Harbor International Airport on Frontier Airlines and connecting through Chicago O'Hare International Airport, you may want to build in some extra time for your travel plans. <\p> That's the most delayed route at Sky Harbor, according to the latest on-time data from Cirium, an airline analytics company. <\p>
Mesa to consider annexing land for data center, tech campus
A pair of upcoming Mesa City Council cases could result in the annexation of more than 150 acres.<\p> Pacific Proving LLC, a prominent Mesa land owner, through law firm Gammage & Burnham PLC, filed a request for public hearings with the city to annex two parcels in Maricopa County into Mesa. Pacific Proving is looking to develop Pacific Proving Technology Campus — a large data center and employment campus — on this land, located on the northeast corner of Crismon and Pecos roads. The sites, composed of 42 and 130 acres, respectively, are located east of Phoenix-Mesa Gateway Airport and south of State Route 24.<\p>
Phoenix prevailing wage ordinance shut down by Maricopa Court
The city of Phoenix plans to keep fighting to establish a prevailing wage ordinance after it was overturned by the Maricopa County Superior Court. <\p> Phoenix City Council passed the ordinance in January and it would have taken effect on July 1, but the Court stepped in because it went against state law. According to Phoenix Mayor Kate Gallego, the prevailing wage ordinance would have ensured workers on city-funded construction projects worth $4 million or above receive a fair wage.<\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
HGTV star, Barry Goldwater Jr., team up for huge Valley project
A high-profile development team that includes reality show TV star Tareq El Moussa is planning to open a $32 million RV, boat and self-storage facility under the Storelocal Storage brand in metro Phoenix. <\p> A joint venture between Goldwater Pinckard LLC and Cedar Creek Wealth Inc. is building a 185,889-square foot storage facility at the northwest corner of the Loop 303 and Cactus Road in Surprise. <\p>
Scottsdale AI firm chosen as Black Founders Fund recipient
A Scottsdale-based artificial intelligence startup is joining a national cohort of companies as part of Google for Startups Black Founders Fund. <\p> Sensagrate announced on June 25 that it's among 10 companies selected by Google to join the fund, which provides each participant with $150,000 in nondilutive cash credits and $100,000 in Google Cloud credits to grow their businesses. <\p>
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