QUICK AND TO THE POINT
DAILIES TOP STORIES
‘In Business Dailies’ Most Views Last 30 Days Here are the stories with the most views over the past 30 days (prior to press time) that were features in our In Business Dailies. The In Business Dailies hit email inboxes twice each weekday — at 9:30 a.m. and updated at 4:30 p.m. Sign up today at www.inbusinessphx.com/dailies-signup Economy & Trends | Cover Story | April 2022
Our Bioscience Economy How this sector is transforming who we are by RaeAnne Marsh “… because Phoenix is so diversified in so many
Photos courtesy of Primrose Schools
Lack of Child Care Impacting Arizona’s Post-Pandemic Recovery Child care is an essential service, and the pandemic has elevated awareness of the importance of quality early education and care to maintaining a thriving economy. One in three households is struggling to find the child care they need to return to work, according to a recent poll conducted by NPR, the Robert Wood Johnson Foundation and the Harvard T.H. Chan School of Public Health. Equally alarming, ReadyNation and Council for a Strong America estimate this unmet demand costs the U.S. economy $57 billion each year in lost productivity, earnings and revenue. Taking a deeper look into the current state of child care in Arizona, a recent U.S. Chamber of Commerce study estimates working parents’ inability to access child care costs the state $1.7 billion annually. The same study states that, 34% of the Arizona workforce polled cited inadequate access to care as the catalyst for a major career change. An expansion of quality child care offerings is particularly critical in Phoenix, which has experienced a higher population increase than any other major U.S. city over the last decade. Therefore, the opportunity for individuals to become early education providers and expand their community’s child care options in Arizona has never been greater. For local business leaders and entrepreneurs who are seeking to make a meaningful investment in their community’s future, a child
industries, the city manager announced last week we have a $76-million surplus this year. We are moving stronger than we ever have before because we’ve focused the last decade on absolute diversification, with biosciences being a leading sector,” said Christine Mackay, community and economic development director at City of Phoenix, in an interview for this story in late February. Legal & Regulations | Legal | April 2022
Luxury vs. Affordable Multifamily Housing Arizona’s cities should focus on growing both by Benjamin Graff It may be surprising to hear that a city or community can be opposed to a luxury multifamily development just as strongly as an affordable housing development, but for very different reasons.
care center is an ideal opportunity to meet these growing needs. However, starting from scratch may seem daunting, especially if this is an owner’s first business venture. Pursuing this passion alongside an experienced and accredited education franchise model can ease that fear by offering the right resources and support along the way as a school is brought to life. Now more than ever, there is a growing need for early education and child care programs. Education is the backbone of any community and with the help of a leading child care brand recognized by a reputable source like Entrepreneur’s Franchise 500 list, members of the community can accelerate the next generation of Phoenix’s future by investing in becoming a local franchise owner. —Steve Clemente, president of Primrose Schools, a leading early education provider with nearly 475 locations in 33 states; offering entrepreneurs impactful, innovative business opportunities, the company is projected to open an estimated 25 new locations in 2022.
One in three households is struggling to find the child care they need to return to work, and this unmet demand is estimated to cost the U.S. economy $57 billion each year in lost productivity, earnings and revenue.
Banking & Finance | inbusinessphx.com | April 7 2022
Sarver Retires as Executive Chair of Western Alliance Board, CEO Signs on for Three Years inbusinessPHX.com Western Alliance Bancorporation today announced that Robert Sarver and Steve Hilton will be retiring from their respective roles as Executive Chairman and Director of the Board of Directors of the company and its principal subsidiary, Western Alliance Bank. Commercial Real Estate & Development | inbusinessphx.com | March 23 2022
Japanese Izakaya Bistro Going in at The Grove, 44th Street and Camelback Development inbusinessPHX.com The new independent restaurant concept Pyro, a
Japanese izakaya bistro, will make its debut as the first dining establishment coming to Red Development‘s The Grove, a $400 million mixed-use destination on the northwest corner of 44th Street and Camelback Road.
13
MAY 2022
INBUSINESSPHX.COM
